Amerco (UHAL) Posts Quarterly Earnings Results, Misses Expectations By $0.56 EPS
Amerco (NASDAQ:UHAL) posted its quarterly earnings data on Wednesday. The company reported $8.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $8.78 by $0.56. The company had revenue of $998.91 million for the quarter, compared to analyst estimates of $1.01 billion. Amerco had a return on equity of 19.28% and a net margin of 14.03%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $9.36 earnings per share.
Amerco (NASDAQ:UHAL) opened at 316.45 on Friday. The company’s 50-day moving average is $327.58 and its 200-day moving average is $354.08. The firm has a market capitalization of $6.20 billion, a P/E ratio of 13.34 and a beta of 1.28. Amerco has a 52-week low of $305.66 and a 52-week high of $436.89.
The firm also recently announced a special dividend, which was paid on Thursday, November 3rd. Investors of record on Thursday, October 20th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, October 18th.
Separately, CL King downgraded shares of Amerco from a “strong-buy” rating to a “buy” rating and decreased their target price for the company from $449.00 to $405.00 in a research report on Friday, August 5th.
Several hedge funds have recently modified their holdings of UHAL. Teachers Advisors Inc. raised its stake in shares of Amerco by 2.1% in the first quarter. Teachers Advisors Inc. now owns 5,808 shares of the company’s stock worth $2,075,000 after buying an additional 117 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Amerco by 159.7% in the first quarter. JPMorgan Chase & Co. now owns 28,973 shares of the company’s stock worth $10,352,000 after buying an additional 17,817 shares during the period. State Street Corp raised its stake in shares of Amerco by 9.1% in the first quarter. State Street Corp now owns 169,452 shares of the company’s stock worth $60,549,000 after buying an additional 14,077 shares during the period. Geode Capital Management LLC raised its stake in shares of Amerco by 3.4% in the first quarter. Geode Capital Management LLC now owns 45,816 shares of the company’s stock worth $16,360,000 after buying an additional 1,518 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of Amerco by 22.8% in the first quarter. Wellington Management Group LLP now owns 252,948 shares of the company’s stock worth $90,381,000 after buying an additional 46,913 shares during the period. Institutional investors and hedge funds own 28.36% of the company’s stock.
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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