U-Haul (NYSE:UHAL) Announces Earnings Results, Misses Expectations By $0.18 EPS

U-Haul (NYSE:UHAL) issued its quarterly earnings results on Wednesday. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.18), FiscalAI reports. The company had revenue of $1.77 billion for the quarter. U-Haul had a return on equity of 1.21% and a net margin of 1.54%.

U-Haul Trading Down 3.1%

UHAL traded down $1.83 during trading on Friday, hitting $57.05. 45,763 shares of the company’s stock were exchanged, compared to its average volume of 201,400. U-Haul has a 1 year low of $41.94 and a 1 year high of $76.45. The stock has a 50 day moving average price of $60.76 and a 200 day moving average price of $58.53. The firm has a market cap of $11.09 billion, a P/E ratio of 184.03 and a beta of 1.07. The company has a current ratio of 1.77, a quick ratio of 1.57 and a debt-to-equity ratio of 1.04.

Insider Activity at U-Haul

In related news, major shareholder Mark Shoen sold 23,000 shares of U-Haul stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $53.24, for a total transaction of $1,224,520.00. Following the transaction, the insider owned 241,196 shares in the company, valued at approximately $12,841,275.04. The trade was a 8.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 115,000 shares of company stock valued at $5,832,800. Company insiders own 43.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in UHAL. Inceptionr LLC purchased a new stake in shares of U-Haul during the 1st quarter valued at about $709,000. Maverick Capital Ltd. acquired a new position in U-Haul during the 1st quarter worth approximately $651,000. Caxton Associates LLP purchased a new position in U-Haul in the 1st quarter worth approximately $496,000. GSA Capital Partners LLP purchased a new position in U-Haul in the 2nd quarter worth approximately $534,000. Finally, Lido Advisors LLC boosted its holdings in U-Haul by 29.8% in the 3rd quarter. Lido Advisors LLC now owns 5,335 shares of the company’s stock worth $321,000 after acquiring an additional 1,224 shares during the period. 3.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on UHAL. Wall Street Zen upgraded U-Haul from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of U-Haul in a research report on Thursday, October 22nd. Citigroup assumed coverage on U-Haul in a report on Wednesday, July 15th. They issued an “outperform” rating on the stock. Finally, Citizens Jmp began coverage on U-Haul in a research report on Wednesday, July 15th. They set a “mkt outperform” rating and a $90.00 price target for the company. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $90.00.

About U-Haul

U-Haul, operated by U-Haul Holding Company (NYSE: UHAL), provides do-it-yourself moving and storage services to residential and commercial customers. Its offerings include rental trucks, trailers, towing equipment, vehicle storage, moving supplies and related services.

The company also operates self-storage facilities and offers portable storage through its U-Box® containers. Customers can access moving labor, hitch installation and other transportation-related services through U-Haul’s network of company-operated and independent dealer locations.

Founded in 1945 by Leonard Shoen, U-Haul serves customers throughout the United States and Canada.