Sunbelt Rentals stock gained 1.97 percent on October 2, 2026

Published on 10/04/2026 at 23:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sunbelt Rentals stock gained 1.97 percent to USD 77.10 on October 2, 2026, while fiscal first-quarter revenue reached USD 3,115 million. Guidance also increased.

Sunbelt Rentals, US8669661048, Illustration mit AI erstellt.

Sunbelt Rentals stock (ISIN US8669661048) gained 1.97 percent to USD 77.10 on the NYSE on October 2, 2026. The move followed the company's fiscal first-quarter 2027 report, which showed record revenue and higher full-year guidance in a release dated September 9, 2026.

Revenue reaches USD 3,115 million

According to Business Wire on September 9, 2026, total revenue for the three months ended July 31, 2026, increased 11.2 percent year over year to USD 3,115 million. Rental revenue grew 12.5 percent to USD 2,927 million, giving the core business a faster growth rate than the overall group.

GAAP net income rose 17.4 percent to USD 438 million, while diluted GAAP earnings per share increased 23.0 percent to USD 1.07. Adjusted earnings per share reached USD 1.18, up 20.4 percent from USD 0.98 in the prior-year quarter.

Specialty rental drives expansion

The operating mix explains the difference in growth rates. North America Specialty rental revenue increased 25.3 percent to USD 1,070 million in fiscal first-quarter 2027, while North America General Tool rental revenue rose 7.4 percent to USD 1,648 million, according to Business Wire.

Sunbelt lifted fiscal 2027 total revenue growth guidance to 6 percent to 9 percent from 4.5 percent to 7.5 percent. Adjusted EBITDA guidance moved to USD 4.92 billion to USD 5.12 billion from USD 4.85 billion to USD 5.05 billion, while higher fleet investment points to continued capacity expansion.

The report also highlights a counter-factor for shareholders: adjusted EBITDA margin declined to 42.2 percent from 43.2 percent in the prior-year quarter. Net leverage stood at 1.8 times on July 31, 2026, within the company's stated range of 1 times to 2 times adjusted EBITDA.

Analysts set a higher benchmark

MarketBeat reported on October 2, 2026, that 15 analysts held a consensus Hold rating, including eight buys, five holds and two sells. The average 12-month price target was USD 87.33, which lies 13.3 percent above the October 2 NYSE price of USD 77.10.

MarketBeat also reported that Goldman Sachs raised its rating from Neutral to Buy and increased its price objective from USD 78.00 to USD 93.00 on September 16, 2026. The range of views matters because the average target is higher than the market price, while the consensus still stops at Hold.

Sunbelt Rentals stock closes at USD 77.10

Sunbelt Rentals stock closed at USD 77.10 on the NYSE on October 2, 2026, after trading between USD 74.85 and USD 77.26. The USD 31.6 billion market capitalization and 1.97 percent daily gain put the stock 11.1 percent below its 52-week high of USD 86.68.