United Rentals (URI) Stock Soars on Solid Q2 Earnings, Revenue
NEW YORK (TheStreet) -- Shares of United Rentals (URI) - Get Report are spiking 10.25% to $77.02 on heavy trading volume Thursday afternoon after reporting second-quarter earnings and revenue that topped analysts' projections.
After yesterday's market close, the Stamford, CT-based equipment rental company reported adjusted earnings of $2.06 per share, beating analysts' estimates of $1.82 per share.
Revenues were $1.423 billion for the most recent period, coming in above analysts' estimates of $1.399 billion.
United Rentals maintained its expectations for full-year revenue between $5.6 billion and $5.8 billion, while analysts are modeling $5.7 billion in revenues.
About 7.14 million shares of United Rentals have been traded so far today, well above its average trading volume of roughly 1.83 million shares per day.
Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of B-.
United Rentals' strengths such as its expanding profit margins and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income.
You can view the full analysis from the report here: URI
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.