AMERCO (NASDAQ:UHAL) Announces Quarterly Earnings Results, Misses Expectations By $2.96 EPS

AMERCO (NASDAQ:UHALGet Rating) released its earnings results on Wednesday. The transportation company reported $4.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.38 by ($2.96), MarketWatch Earnings reports. AMERCO had a return on equity of 20.24% and a net margin of 19.82%. During the same period in the prior year, the business posted $3.76 EPS.

NASDAQ:UHAL opened at $486.95 on Friday. The company has a quick ratio of 4.36, a current ratio of 4.63 and a debt-to-equity ratio of 0.90. The stock’s 50 day moving average price is $554.20 and its two-hundred day moving average price is $624.00. The firm has a market capitalization of $9.55 billion, a price-to-earnings ratio of 8.60 and a beta of 0.97. AMERCO has a 12-month low of $481.02 and a 12-month high of $769.90.

The firm also recently disclosed a dividend, which was paid on Friday, April 29th. Shareholders of record on Monday, April 18th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, April 14th.

Several hedge funds and other institutional investors have recently made changes to their positions in UHAL. Morgan Stanley increased its stake in shares of AMERCO by 26.7% during the second quarter. Morgan Stanley now owns 31,222 shares of the transportation company’s stock worth $18,403,000 after purchasing an additional 6,585 shares during the period. LPL Financial LLC increased its stake in shares of AMERCO by 56.3% during the third quarter. LPL Financial LLC now owns 1,694 shares of the transportation company’s stock worth $1,094,000 after purchasing an additional 610 shares during the period. UBS Group AG increased its stake in shares of AMERCO by 187.4% during the third quarter. UBS Group AG now owns 4,394 shares of the transportation company’s stock worth $2,839,000 after purchasing an additional 2,865 shares during the period. Jane Street Group LLC bought a new position in shares of AMERCO during the third quarter worth approximately $249,000. Finally, Squarepoint Ops LLC bought a new position in shares of AMERCO during the fourth quarter worth approximately $741,000.

Separately, StockNews.com began coverage on AMERCO in a research note on Thursday, March 31st. They issued a “buy” rating on the stock.

About AMERCO (Get Rating)

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.

Read More

Earnings History for AMERCO (NASDAQ:UHAL)

Receive News & Ratings for AMERCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMERCO and related companies with MarketBeat.com's FREE daily email newsletter.