NEW YORK, April 29, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding United Rentals, Inc. (NYSE: URI), SBA Communications Corp. (NASDAQ: SBAC), Avis Budget Group, Inc. (NASDAQ: CAR), Ryder System, Inc. (NYSE: R) and Aaron's, Inc. (NYSE: AAN). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1748-100free.
United Rentals, Inc. Analyst Notes
On April 16, 2014, United Rentals, Inc. (United Rentals) reported its Q1 2014 financial results with revenues increased to $1.2 billion, up 7.1%YoY. Rental revenue reached $1.0 billion, up 9.7% YoY. Q1 2014 net income came in at $60.0 million, or diluted EPS of $0.56, compared with $21.0 million or diluted EPS of $0.19 in Q1 2013. Commenting on the results, Michael Kneeland, CEO, United Rentals, said, "Despite the headwind of a harsh winter, we strategically managed our business to capitalize on pockets of opportunity. We now see solid demand in almost every market, giving us further confidence in our full year outlook." The full analyst notes on United Rentals are available to download free of charge at:
SBA Communications Corp. Analyst Notes
On April 11, 2014, SBA Communications Corp. (SBA Communications) announced that it will release its Q1 2014 financial results on May 1, 2014 after the market closes. The Company will also host a conference call on May 2, 2014 at 10:00 a.m. ET to discuss the results. SBA Communications informed that link to the live call, as well replay of the same, will be made available on the Company's website. The full analyst notes on SBA Communications are available to download free of charge at:
Avis Budget Group, Inc. Analyst Notes
On April 17, 2014, Avis Budget Group, Inc. (Avis) announced that it has repurchased approximately $135 million of stock under its current stock repurchase program. The program was first announced in August 2013 and authorized an initial maximum amount of $200 million. The Company stated that its Board of Directors has now authorized to increase the amount, remaining for future repurchases under the program from approximately $65 million remaining to $300 million. Ronald L. Nelson, Chairman and CEO, Avis, said, " We have reduced our diluted share count by more than 20 million shares as a result of our convertible debt repurchases and share repurchases since 2012, and we remain committed to delivering value to our shareholders, while maintaining a prudent capital structure and flexibility to execute on our strategic initiatives." In addition, Avis also scheduled its Q1 2014 financial results release on May 7, 2014. The full analyst notes on Avis are available to download free of charge at:
Ryder System, Inc. Analyst Notes
On April 23, 2014, Ryder System, Inc. (Ryder) reported its Q1 2014 financial results. Total revenues were $1.6 billion, up 3.1%YoY. Net earnings also increased to $48.2 million, or diluted EPS of $0.90, compared with $39.9 million or diluted EPS of $0.77 in Q1 2013. Comparable diluted EPS stood at $0.92 versus $0.81 in Q1 2013. Robert Sanchez, Chairman and CEO, Ryder, said, "Our stronger-than-expected results were driven mainly by commercial rental and used vehicle sales. Supply Chain Solutions business segment earnings were impacted by weather-related items. However, for the overall company, the modest impacts of weather were offset by other benefits during the quarter. Based on our outlook, we are increasing our full-year 2014 comparable earnings forecast to $5.40 to $5.55 per share, up from a previous range of $5.30 to $5.45. We have also established a second quarter comparable earnings forecast of $1.35 to $1.40 per share." The full analyst notes on Ryder are available to download free of charge at:
Aaron's, Inc. Analyst Notes
On April 21, 2014, Aaron's, Inc. (Aaron's) announced that, following the withdrawn of an unsolicited proposal by Vintage Capital Management(Vintage) to acquire the Company, Aaron's has withdrawn its litigation, which was filed to compel Vintage to comply with required disclosures under federal security laws. The full analyst notes on Aaron's are available to download free of charge at:
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