United Rentals (URI) PT Bumped to $124 at Piper Jaffray on 'Robust' Q2
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United Rentals, Inc. (URI) Tops Q2 EPS by 18c; Boosts Outlook
July 16, 2014 4:18 PM EDTUnited Rentals, Inc. (NYSE: URI) reported Q2 EPS of $1.65, $0.18 better than the analyst estimate of $1.47. Revenue for the quarter came in at $1.39 billion versus the consensus estimate of $1.36 billion.
Second Quarter 2014 Highlights
Rental revenue (which includes owned equipment rental revenue, re-rent revenue and ancillary items) increased 16.8% year-over-year. Within rental revenue, owned equipment rental revenue increased 16.1%, reflecting year-over-year increases of 10.3% in the volume of equipment on rent and 4.9% in rental rates.Adjusted EBITDA was $663 million and adjusted EBITDA margin was 47.4%, an increase of $114 million and 190 basis points,... More