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.
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.
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