U-Haul (NYSE:UHAL) Releases Quarterly Earnings Results, Misses Estimates By $0.27 EPS

U-Haul (NYSE:UHAL) released its quarterly earnings results on Wednesday. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.27), FiscalAI reports. U-Haul had a return on equity of 0.81% and a net margin of 1.05%.The firm had revenue of $1.68 billion for the quarter.

U-Haul Price Performance

NYSE UHAL traded up $0.59 on Friday, reaching $75.69. 67,993 shares of the stock traded hands, compared to its average volume of 223,597. U-Haul has a 12 month low of $41.94 and a 12 month high of $76.45. The company has a market cap of $14.84 billion, a price-to-earnings ratio of 540.72 and a beta of 1.10. The firm’s fifty day simple moving average is $66.13 and its 200 day simple moving average is $56.24. The company has a quick ratio of 1.73, a current ratio of 1.94 and a debt-to-equity ratio of 1.04.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on UHAL shares. Weiss Ratings upgraded shares of U-Haul from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, July 24th. Citizens Jmp initiated coverage on U-Haul in a research report on Wednesday, July 15th. They issued a “mkt outperform” rating and a $90.00 target price on the stock. Wall Street Zen downgraded U-Haul from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Finally, Citigroup assumed coverage on U-Haul in a research report on Wednesday, July 15th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $85.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Two Sigma Investments LP raised its position in U-Haul by 64.3% in the third quarter. Two Sigma Investments LP now owns 174,120 shares of the company’s stock worth $9,937,000 after acquiring an additional 68,150 shares in the last quarter. Shay Capital LLC bought a new position in shares of U-Haul during the 3rd quarter valued at about $257,000. Occudo Quantitative Strategies LP bought a new position in shares of U-Haul during the 3rd quarter valued at about $349,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of U-Haul in the 3rd quarter worth approximately $446,000. Finally, Brevan Howard Capital Management LP acquired a new position in shares of U-Haul in the 3rd quarter worth approximately $218,000. Institutional investors own 3.63% of the company’s stock.

U-Haul Company Profile

U-Haul (NYSE: UHAL) is a leading provider of do-it-yourself moving and storage solutions in North America. The company offers a comprehensive suite of products and services that includes the rental of trucks, trailers and towing equipment, as well as portable moving containers known as U-Box. In addition to vehicle rentals, U-Haul supplies customers with moving essentials such as boxes, packing materials and hitch installations, ensuring an integrated moving experience. The company also operates self-storage facilities under the U-Haul Storage brand, catering to both short-term and long-term needs.

Founded in 1945 by Leonard Shoen in Ridgefield, Washington, U-Haul has expanded its footprint through a mix of corporate-owned centers and independent dealer locations.