URI Stock Forecast: A Stellar Compounder
This article was written by Rafi Rees – Financial Analyst at I Know First.
Summary
- URI recently announced that they will be returning excess cash as a dividend to shareholders.
- Management maintains that this does not come at the expense of growth prospects which remain incredibly strong.
- Share buybacks are expected to pick back up with $1bn worth of repurchases scheduled for 2023 amounting to ~2mn shares or 3% of shares outstanding.