United Rentals (URI) Stock

United Rentals (URI) shared its earnings report 30 days ago. What can we expect for the stock moving forward?

United Rentals has performed well, with its stock rising more than 40% this year, and it continues to show strong growth and financial stability. Although its market share has only grown slightly, the company has seen a significant rise in revenue, earnings, and cash flow, thanks to good debt management and smart acquisitions. While the company's valuation is above its average for the past five years, its better balance sheet and cash flow support the current price.

United Rentals Inc. (NYSE:URI) will hold its Q3 2024 Earnings Conference Call on October 24, 2024, at 8:30 AM ET. The call will feature company leaders, including President and CEO Matthew Flannery and CFO Ted Grace, along with various analysts from different financial institutions. Please note that this call is being recorded.

URI's results for the third quarter are boosted by strong demand in key markets and the success of its main rental operations. However, slow sales of used equipment are still a worry.

The financial results for United Rentals (URI) from the quarter ending in September 2024 provide insight into the company's performance. It may also be helpful to compare some important metrics with Wall Street predictions and figures from the same period last year.

United Rentals (URI) reported quarterly earnings of $11.80 per share, which is lower than the Zacks Consensus Estimate of $12.49 per share. This is an increase compared to earnings of $11.73 per share from the same period last year.

STAMFORD, Conn.--(BUSINESS WIRE)--United Rentals, Inc. (NYSE: URI) has announced that its Board of Directors has approved a quarterly cash dividend of $1.63 for each share of URI common stock. This dividend will be paid on November 27, 2024, to shareholders who are on record by the end of business on November 13, 2024. United Rentals, Inc. is the biggest equipment rental company globally, with 1,571 rental locations in North America and 39 in Europe.

URI's results for the third quarter of 2024 are expected to show an increase in its Specialty business and careful management of capital. However, there are risks such as slower growth in General Rental, inflation, and rising costs.

United Rentals (URI) has a strong track record of surprising with its earnings and currently has the right mix of factors that suggest it may exceed expectations in its upcoming quarterly report.