Analysts Issue Forecasts for AMERCO’s FY2018 Earnings (UHAL)

AMERCO (NASDAQ:UHAL) – Zacks Investment Research boosted their FY2018 EPS estimates for shares of AMERCO in a research report issued on Tuesday. 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 previous estimate 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.

Other research analysts have also recently issued research reports about the company. ValuEngine upgraded AMERCO from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. BidaskClub upgraded AMERCO from a “strong sell” rating to a “sell” rating in a research report on Wednesday, December 6th.

Shares of AMERCO (NASDAQ UHAL) traded down $3.97 during mid-day trading on Thursday, hitting $375.64. The stock had a trading volume of 36,100 shares, compared to its average volume of 52,400. AMERCO has a twelve month low of $338.30 and a twelve month high of $400.99. The stock has a market capitalization of $7,443.31, a PE ratio of 22.60 and a beta of 1.11. The company has a current ratio of 2.60, a quick ratio of 2.37 and a debt-to-equity ratio of 1.12.

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

A number of institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. grew its holdings in AMERCO by 268.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,237 shares of the transportation company’s stock valued at $1,551,000 after buying an additional 3,087 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in AMERCO by 14.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 24,688 shares of the transportation company’s stock valued at $9,038,000 after buying an additional 3,136 shares during the period. SG Americas Securities LLC grew its holdings in AMERCO by 50.8% in the 2nd quarter. SG Americas Securities LLC now owns 2,310 shares of the transportation company’s stock valued at $846,000 after buying an additional 778 shares during the period. Legal & General Group Plc grew its holdings in AMERCO by 17.9% in the 2nd quarter. Legal & General Group Plc now owns 8,019 shares of the transportation company’s stock valued at $2,936,000 after buying an additional 1,217 shares during the period. Finally, Blair William & Co. IL purchased a new stake in AMERCO in the 2nd quarter valued at about $201,000. Hedge funds and other institutional investors own 30.70% of the company’s stock.

In related news, Director John P. Brogan sold 200 shares of AMERCO stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $381.16, for a total transaction of $76,232.00. Following the completion of the sale, the director now owns 5,800 shares in the company, valued at approximately $2,210,728. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 42.60% of the company’s stock.

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

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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 and eMove Websites.

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