AMERCO (UHAL) Posts Earnings Results, Beats Expectations By $1.86 EPS
AMERCO (NASDAQ:UHAL) posted its quarterly earnings results on Wednesday. The transportation company reported $8.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $6.49 by $1.86, Briefing.com reports. AMERCO had a return on equity of 8.95% and a net margin of 21.63%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the business earned $6.36 EPS. The business’s quarterly revenue was up 5.9% on a year-over-year basis.
Shares of UHAL traded up $4.97 during midday trading on Thursday, reaching $340.96. 76,504 shares of the stock were exchanged, compared to its average volume of 63,734. AMERCO has a 12-month low of $316.00 and a 12-month high of $386.64. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.19 and a quick ratio of 2.01. The company has a market capitalization of $6.49 billion, a PE ratio of 21.72 and a beta of 0.90.
In related news, General Counsel Respino Laurence J. De sold 75 shares of the firm’s stock in a transaction that occurred on Thursday, October 4th. The stock was sold at an average price of $369.92, for a total value of $27,744.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Thomas W. Hayes acquired 200 shares of the business’s stock in a transaction that occurred on Wednesday, August 29th. The stock was bought at an average cost of $380.05 per share, for a total transaction of $76,010.00. Following the completion of the purchase, the insider now directly owns 200 shares in the company, valued at approximately $76,010. The disclosure for this purchase can be found here. 42.60% of the stock is owned by company insiders.
A number of equities research analysts have recently weighed in on UHAL shares. BidaskClub downgraded AMERCO from a “hold” rating to a “sell” rating in a research note on Saturday, September 8th. ValuEngine downgraded AMERCO from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Finally, TheStreet raised AMERCO from a “c+” rating to a “b-” rating in a research note on Wednesday, July 25th.
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AMERCO Company Profile
AMERCO operates as a do-it-yourself moving and storage operator for household and commercial goods in the United States and Canada. The company's Moving and Storage segment rents trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces primarily to the household movers; and sells moving supplies, towing accessories, and propane.
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