United Rentals (NYSE:URI) Announces Quarterly Earnings Results
United Rentals (NYSE:URI) announced its earnings results on Wednesday. The construction company reported $3.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $1.75, MarketWatch Earnings reports. United Rentals had a net margin of 12.52% and a return on equity of 41.15%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the business posted $4.74 earnings per share. United Rentals’s revenue for the quarter was down 15.3% on a year-over-year basis. United Rentals updated its FY 2020
After-Hours guidance to EPS.
United Rentals stock traded down $5.48 during mid-day trading on Thursday, reaching $157.94. 64,831 shares of the company traded hands, compared to its average volume of 800,083. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.11 and a quick ratio of 1.05. The firm’s 50 day moving average price is $152.17 and its 200 day moving average price is $132.18. The firm has a market capitalization of $11.26 billion, a price-to-earnings ratio of 10.65, a P/E/G ratio of 1.02 and a beta of 2.28. United Rentals has a 52-week low of $58.85 and a 52-week high of $170.04.
In other news, VP Andrew B. Limoges sold 553 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $162.80, for a total value of $90,028.40. Following the sale, the vice president now directly owns 1,953 shares of the company’s stock, valued at approximately $317,948.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Kneeland sold 41,936 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $155.60, for a total transaction of $6,525,241.60. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.
United Rentals Company Profile
United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power and Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.
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