United Rentals (URI) reported quarterly earnings results on Wednesday, Apr-20-2016. The company said it had a profit of $1.40 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.21. Analysts had a consensus of $1.19. The company posted revenue of $1310.00 million in the period, compared to analysts expectations of $1286.32 million. The company’s revenue was down -.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.34 EPS.
Many Wall Street Analysts have commented on United Rentals. Shares were Reiterated by RBC Capital Mkts on Feb 1, 2016 to “Outperform” and Lowered the Price Target to $ 65 from a previous price target of $90 .Shares were Reiterated by Stifel on Feb 1, 2016 to “Buy” and Lowered the Price Target to $ 57 from a previous price target of $92 .Shares were Reiterated by Oppenheimer on Feb 1, 2016 to “Outperform” and Lowered the Price Target to $ 54 from a previous price target of $85 .
United Rentals opened for trading at $60.36 and hit $62.11 on the upside on Monday, eventually ending the session at $61.54, with a gain of 0.89% or 0.54 points. The heightened volatility saw the trading volume jump to 12,24,850 shares. Company has a market cap of $5,598 M.
In a different news, on Mar 11, 2016, John S Mckinney (director) sold 2,200 shares at $58.18 per share price. According to the SEC, on Mar 9, 2016, Jason D Papastavrou (director) purchased 1,000 shares at $56.79 per share price. On Mar 8, 2016, Michael Kneeland (President and CEO) sold 20,000 shares at $60.00 per share price, according to the Form-4 filing with the securities and exchange commission.
United Rentals Inc. (United Rentals) is a holding company engaged in the business of equipment rental. The Company conducts its operations through its wholly owned subsidiary United Rentals (North America) Inc. (URNA) and its subsidiaries. It operates in two segments: general rentals and trench safety power and heating ventilating and air conditioning (HVAC) and pump solutions. The general rentals segment consists of around 12 geographic regions including eastern Canada Gulf South Mid-Atlantic Mid-Central Midwest Mountain West Northeast Pacific West South Southeast and Western Canada among others. The trench safety power and HVAC and pump solutions segment includes the rental of specialty construction products and related services. It offers approximately 3300 classes of equipment on an hourly daily weekly or monthly basis to construction and industrial companies manufacturers utilities municipalities homeowners Government entities and other customers.