Zacks Investment Research Comments on Amerco’s Q2 2017 Earnings (UHAL)
Amerco (NASDAQ:UHAL) – Investment analysts at Zacks Investment Research decreased their Q2 2017 earnings estimates for shares of Amerco in a research note issued to investors on Thursday. Zacks Investment Research analyst I. Gilson now anticipates that the brokerage will earn $7.91 per share for the quarter, down from their prior forecast of $8.37. Zacks Investment Research also issued estimates for Amerco’s FY2017 earnings at $23.55 EPS.
Amerco (NASDAQ:UHAL) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $7.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.72 by $1.21. Amerco had a return on equity of 19.28% and a net margin of 14.03%. The business had revenue of $923.40 million for the quarter, compared to analysts’ expectations of $941.32 million. During the same period in the prior year, the business posted $8.74 earnings per share. The business’s quarterly revenue was up 4.4% compared to the same quarter last year.
Separately, CL King downgraded Amerco from a “strong-buy” rating to a “buy” rating and dropped their target price for the company from $449.00 to $405.00 in a research report on Friday, August 5th.
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Amerco (NASDAQ:UHAL) opened at 333.85 on Monday. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of 14.07 and a beta of 1.38. Amerco has a 52-week low of $305.66 and a 52-week high of $436.89. The firm’s 50-day moving average is $333.66 and its 200-day moving average is $357.15.
A number of institutional investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. increased its position in shares of Amerco by 6.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 19,206 shares of the company’s stock worth $7,194,000 after buying an additional 1,084 shares during the period. Stifel Financial Corp increased its position in shares of Amerco by 71.3% in the second quarter. Stifel Financial Corp now owns 5,734 shares of the company’s stock worth $2,147,000 after buying an additional 2,386 shares during the period. Amalgamated Bank increased its position in shares of Amerco by 3.7% in the second quarter. Amalgamated Bank now owns 887 shares of the company’s stock worth $311,000 after buying an additional 32 shares during the period. Claar Advisors LLC acquired a new position in shares of Amerco during the second quarter worth about $9,563,000. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in shares of Amerco by 51.4% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 10,626 shares of the company’s stock worth $3,980,000 after buying an additional 3,607 shares during the period. 28.14% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Daniel Robert Mullen sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $352.00, for a total transaction of $352,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 52.00% of the company’s stock.
The business also recently disclosed a special dividend, which will be paid on Thursday, November 3rd. Stockholders of record on Thursday, October 20th will be given a dividend of $1.00 per share. The ex-dividend date is Tuesday, October 18th.
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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