FY2018 EPS Estimates for AMERCO Boosted by Analyst (UHAL)

AMERCO (NASDAQ:UHAL) – Equities research analysts at Zacks Investment Research lifted their FY2018 earnings per share (EPS) estimates for shares of AMERCO in a report issued on Tuesday, Zacks Investment Research reports. Zacks Investment Research analyst I. Gilson now forecasts that the transportation company will post earnings per share of $22.65 for the year, up from their prior forecast of $22.60. Zacks Investment Research also issued estimates for AMERCO’s Q4 2018 earnings at $0.66 EPS, Q3 2019 earnings at $4.09 EPS and Q4 2019 earnings at $1.77 EPS.

AMERCO (NASDAQ:UHAL) last announced its quarterly earnings results on Wednesday, November 8th. The transportation company reported $6.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.18 by ($0.82). AMERCO had a net margin of 9.30% and a return on equity of 11.28%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $975.90 million. During the same period last year, the company earned $9.01 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis.

Other analysts also recently issued research reports about the stock. BidaskClub downgraded shares of AMERCO from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 19th. ValuEngine downgraded shares of AMERCO from a “buy” rating to a “hold” rating in a report on Monday, October 2nd.

Shares of AMERCO (NASDAQ:UHAL) traded up $4.58 during midday trading on Thursday, hitting $377.54. 36,500 shares of the company’s stock traded hands, compared to its average volume of 42,188. AMERCO has a 12 month low of $338.30 and a 12 month high of $400.99. The stock has a market capitalization of $7,400.00, a P/E ratio of 22.72 and a beta of 1.11. The company has a quick ratio of 2.37, a current ratio of 2.60 and a debt-to-equity ratio of 1.12.

Several institutional investors and hedge funds have recently made changes to their positions in UHAL. Toronto Dominion Bank increased its position in AMERCO by 241.2% during the third quarter. Toronto Dominion Bank now owns 290 shares of the transportation company’s stock worth $109,000 after purchasing an additional 205 shares during the last quarter. Riverhead Capital Management LLC increased its position in AMERCO by 63.2% during the second quarter. Riverhead Capital Management LLC now owns 310 shares of the transportation company’s stock worth $114,000 after purchasing an additional 120 shares during the last quarter. Citigroup Inc. acquired a new position in AMERCO during the second quarter worth approximately $145,000. Blair William & Co. IL acquired a new position in AMERCO during the second quarter worth approximately $201,000. Finally, Cubist Systematic Strategies LLC acquired a new position in AMERCO during the third quarter worth approximately $210,000. 30.70% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director John P. Brogan sold 200 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $381.16, for a total transaction of $76,232.00. Following the transaction, the director now owns 5,800 shares of the company’s stock, valued at $2,210,728. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 42.60% of the company’s stock.

The company also recently disclosed a special dividend, which was paid on Friday, January 5th. Investors of record on Thursday, December 21st were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, December 20th.

COPYRIGHT VIOLATION WARNING: “FY2018 EPS Estimates for AMERCO Boosted by Analyst (UHAL)” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The correct version of this article can be accessed at https://ledgergazette.com/2018/01/12/fy2018-eps-estimates-for-amerco-uhal-increased-by-analyst.html.

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.

Get a free copy of the Zacks research report on AMERCO (UHAL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates 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.

Leave a Reply