AMERCO (UHAL) Issues Quarterly Earnings Results
AMERCO (NASDAQ:UHAL) announced its earnings results on Wednesday. The transportation company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by $1.51. AMERCO had a net margin of 13.00% and a return on equity of 16.14%. The firm had revenue of $708.80 million for the quarter, compared to analyst estimates of $702.54 million. During the same period last year, the firm earned $2.68 earnings per share. AMERCO’s revenue for the quarter was up 3.8% compared to the same quarter last year.
Shares of AMERCO (NASDAQ:UHAL) opened at 353.40 on Friday. AMERCO has a 52 week low of $307.80 and a 52 week high of $399.16. The firm has a market capitalization of $6.93 billion, a P/E ratio of 15.68 and a beta of 1.27. The firm’s 50-day moving average is $369.01 and its 200 day moving average is $367.65.
An institutional investor recently raised its position in AMERCO stock. Teachers Advisors LLC boosted its stake in AMERCO (NASDAQ:UHAL) by 10.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,393 shares of the transportation company’s stock after buying an additional 589 shares during the period. Teachers Advisors LLC’s holdings in AMERCO were worth $2,437,000 as of its most recent SEC filing. 28.24% of the stock is owned by institutional investors.
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AMERCO Company Profile
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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