Zacks Investment Research Research Analysts Lift Earnings Estimates for AMERCO (UHAL)
AMERCO (NASDAQ:UHAL) – Stock analysts at Zacks Investment Research lifted their Q1 2019 EPS estimates for AMERCO in a report released on Tuesday. Zacks Investment Research analyst I. Gilson now expects that the transportation company will post earnings per share of $7.82 for the quarter, up from their previous forecast of $7.15. Zacks Investment Research also issued estimates for AMERCO’s Q2 2019 earnings at $9.15 EPS, FY2019 earnings at $22.82 EPS and FY2020 earnings at $28.33 EPS.
AMERCO (NASDAQ:UHAL) last released its quarterly earnings data on Wednesday, November 8th. The transportation company reported $6.36 earnings per share for the quarter, missing the consensus estimate of $7.18 by ($0.82). The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $975.90 million. AMERCO had a net margin of 9.30% and a return on equity of 11.28%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $9.01 earnings per share.
AMERCO (UHAL) traded up $4.38 during mid-day trading on Friday, hitting $380.02. The company had a trading volume of 63,700 shares, compared to its average volume of 56,167. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.60 and a quick ratio of 2.37. The company has a market capitalization of $7,410.00, a P/E ratio of 22.87 and a beta of 1.11. AMERCO has a 12-month low of $338.30 and a 12-month high of $400.99.
A number of institutional investors and hedge funds have recently bought and sold shares of UHAL. Toronto Dominion Bank grew its stake in AMERCO by 241.2% in the third quarter. Toronto Dominion Bank now owns 290 shares of the transportation company’s stock valued at $109,000 after purchasing an additional 205 shares during the last quarter. Riverhead Capital Management LLC grew its stake in AMERCO by 63.2% in the second quarter. Riverhead Capital Management LLC now owns 310 shares of the transportation company’s stock valued at $114,000 after purchasing an additional 120 shares during the last quarter. Citigroup Inc. purchased a new position in AMERCO in the second quarter valued at about $145,000. Blair William & Co. IL purchased a new position in AMERCO in the second quarter valued at about $201,000. Finally, Cubist Systematic Strategies LLC purchased a new position in AMERCO in the third quarter valued at about $210,000. 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 value of $76,232.00. Following the completion of the sale, the director now directly owns 5,800 shares in the company, valued at $2,210,728. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 42.60% of the company’s stock.
The company also recently disclosed a special dividend, which will be paid on Friday, January 5th. Investors of record on Thursday, December 21st will be issued a $0.50 dividend. 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 uhaul.com and eMove Websites.
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