Amerco (NASDAQ:UHAL) Announces $1.00 Dividend
Amerco (NASDAQ:UHAL) declared a dividend on Tuesday, July 11th, Fidelity reports. Stockholders of record on Thursday, July 20th will be given a dividend of 1.00 per share by the transportation company on Thursday, August 3rd. The ex-dividend date is Tuesday, July 18th.
Amerco (NASDAQ:UHAL) opened at 357.00 on Wednesday. The stock’s 50 day moving average is $358.73 and its 200 day moving average is $369.31. The stock has a market capitalization of $7.00 billion, a price-to-earnings ratio of 17.55 and a beta of 1.09. Amerco has a 12-month low of $307.80 and a 12-month high of $399.16.
Amerco (NASDAQ:UHAL) last released its quarterly earnings results on Wednesday, May 24th. The transportation company reported $0.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.00 by $1.51. Amerco had a return on equity of 14.02% and a net margin of 11.64%. The company had revenue of $708.80 million for the quarter, compared to analysts’ expectations of $702.54 million. During the same quarter last year, the company earned $2.68 EPS. Amerco’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities research analysts forecast that Amerco will post $22.00 EPS for the current fiscal year.
In other Amerco news, major shareholder Grove Holdings Lp Willow acquired 2,000 shares of the business’s stock in a transaction on Tuesday, May 30th. The stock was purchased at an average price of $352.87 per share, for a total transaction of $705,740.00. Following the completion of the transaction, the insider now owns 7,562,884 shares of the company’s stock, valued at approximately $2,668,714,877.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 52.00% of the company’s stock.
Separately, BidaskClub cut Amerco from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd.
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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