United Rentals (NYSE:URI – Get Free Report) issued its quarterly earnings data on Wednesday. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.49 by ($0.69), Briefing.com reports. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter last year, the business earned $11.73 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. United Rentals updated its FY 2024 guidance to EPS.
United Rentals Price Performance
NYSE:URI traded down $9.19 during trading hours on Thursday, hitting $824.99. The company’s stock had a trading volume of 686,980 shares, compared to its average volume of 543,825. United Rentals has a twelve month low of $387.01 and a twelve month high of $861.74. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.81 and a quick ratio of 0.76. The stock has a fifty day simple moving average of $768.65 and a 200-day simple moving average of $706.59. The company has a market capitalization of $54.56 billion, a P/E ratio of 21.99, a PEG ratio of 1.96 and a beta of 1.68.
United Rentals Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $1.63 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.79%. United Rentals’s dividend payout ratio (DPR) is currently 17.21%.
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on URI
Insiders Place Their Bets
In other news, SVP Joli L. Gross sold 360 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $690.00, for a total value of $248,400.00. Following the sale, the senior vice president now directly owns 4,090 shares in the company, valued at approximately $2,822,100. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.53% of the company’s stock.
About United Rentals
United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.
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