Zacks Investment Research Weighs in on Amerco’s Q2 2017 Earnings (UHAL)
Amerco (NASDAQ:UHAL) – Analysts at Zacks Investment Research dropped their Q2 2017 EPS estimates for Amerco in a research report issued on Thursday. Zacks Investment Research analyst I. Gilson now expects that the brokerage will post earnings of $7.91 per share for the quarter, down from their previous forecast of $8.37. Zacks Investment Research also issued estimates for Amerco’s FY2017 earnings at $23.55 EPS.
Amerco (NASDAQ:UHAL) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $7.51 EPS for the quarter, missing the Zacks’ consensus estimate of $8.72 by $1.21. The business had revenue of $923.40 million for the quarter, compared to the consensus estimate of $941.32 million. Amerco had a net margin of 14.03% and a return on equity of 19.28%. Amerco’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business earned $8.74 earnings per share.
Separately, CL King downgraded Amerco from a “strong-buy” rating to a “buy” rating and cut their target price for the company from $449.00 to $405.00 in a research report on Friday, August 5th.
Shares of Amerco (NASDAQ:UHAL) opened at 334.30 on Monday. Amerco has a 12-month low of $305.66 and a 12-month high of $436.89. The company has a market capitalization of $6.55 billion, a PE ratio of 14.09 and a beta of 1.38. The firm’s 50-day moving average price is $333.55 and its 200-day moving average price is $357.12.
The firm also recently declared a special dividend, which will be paid on Thursday, November 3rd. Shareholders of record on Thursday, October 20th will be issued a $1.00 dividend. The ex-dividend date is Tuesday, October 18th.
In other Amerco news, Director Daniel Robert Mullen sold 1,000 shares of the company’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $352.00, for a total value of $352,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 52.00% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of UHAL. BNP Paribas Arbitrage SA raised its stake in Amerco by 36.1% in the second quarter. BNP Paribas Arbitrage SA now owns 332 shares of the company’s stock valued at $124,000 after buying an additional 88 shares during the last quarter. MU Investments Co. Ltd. raised its stake in Amerco by 11.4% in the second quarter. MU Investments Co. Ltd. now owns 490 shares of the company’s stock valued at $183,000 after buying an additional 50 shares during the last quarter. LS Investment Advisors LLC raised its stake in Amerco by 8.7% in the second quarter. LS Investment Advisors LLC now owns 526 shares of the company’s stock valued at $197,000 after buying an additional 42 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new stake in Amerco during the second quarter valued at about $200,000. Finally, Zacks Investment Management purchased a new stake in Amerco during the second quarter valued at about $202,000. 28.14% of the stock is currently owned by institutional investors.
AMERCO is a do-it-yourself moving and storage operator through its subsidiary, U-Haul International, Inc (U-Haul). The Company supplies its products and services to help people move and store their household and commercial goods through U-Haul. It sells U-Haul brand boxes, tape, and other moving and self-storage products and services to do-it-yourself moving and storage customers at its distribution outlets and through uhaul.com and eMove Websites.
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