Amerco (NASDAQ:UHAL) to Release Quarterly Earnings on Tuesday
Amerco (NASDAQ:UHAL) will be announcing its earnings results after the market closes on Tuesday, August 1st. Analysts expect the company to announce earnings of $7.37 per share for the quarter.
Amerco (NASDAQ:UHAL) last issued its earnings results on Wednesday, May 24th. The transportation company reported $0.49 EPS for the quarter, missing the Zacks’ consensus estimate of $2.00 by $1.51. The business had revenue of $708.80 million during the quarter, compared to analyst estimates of $702.54 million. Amerco had a net margin of 11.64% and a return on equity of 14.02%. Amerco’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company earned $2.68 earnings per share. On average, analysts expect Amerco to post $22.00 EPS for the current fiscal year and $22.75 EPS for the next fiscal year.
Shares of Amerco (UHAL) opened at 373.83 on Tuesday. The firm has a market capitalization of $7.33 billion, a PE ratio of 18.38 and a beta of 1.09. The stock has a 50 day moving average of $355.78 and a 200-day moving average of $368.40. Amerco has a 12 month low of $307.80 and a 12 month high of $399.16.
The firm also recently disclosed a special dividend, which will be paid on Thursday, August 3rd. Investors of record on Thursday, July 20th will be given a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, July 18th.
Separately, BidaskClub lowered shares of Amerco from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd.
In related news, major shareholder Grove Holdings Lp Willow acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was bought at an average price of $352.87 per share, with a total value of $705,740.00. Following the purchase, the insider now directly owns 7,562,884 shares in the company, valued at approximately $2,668,714,877.08. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 42.60% of the stock is currently owned by corporate insiders.
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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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