Amerco (NASDAQ:UHAL) Scheduled to Post Quarterly Earnings on Wednesday
Amerco (NASDAQ:UHAL) will issue its quarterly earnings data after the market closes on Wednesday, August 9th. Analysts expect the company to announce earnings of $7.37 per share for the quarter.
Amerco (NASDAQ:UHAL) last announced 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. The firm had revenue of $708.80 million for the quarter, compared to analysts’ expectations of $702.54 million. Amerco had a return on equity of 14.02% and a net margin of 11.64%. Amerco’s revenue was up 3.8% compared to the same quarter last year. During the same period last year, the firm earned $2.68 EPS. 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 (NASDAQ:UHAL) opened at 393.62 on Monday. The stock has a market cap of $7.72 billion, a price-to-earnings ratio of 19.35 and a beta of 1.10. Amerco has a 52 week low of $307.80 and a 52 week high of $398.90. The stock’s 50 day moving average price is $361.45 and its 200 day moving average price is $369.20.
The business also recently disclosed a special dividend, which was paid on Thursday, August 3rd. Investors of record on Thursday, July 20th were paid a dividend of $1.00 per share. The ex-dividend date was Tuesday, July 18th.
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Separately, BidaskClub upgraded shares of Amerco from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th.
In related news, major shareholder Grove Holdings Lp Willow acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were acquired at an average price of $352.87 per share, for a total transaction of $705,740.00. Following the completion of the purchase, the insider now directly owns 7,562,884 shares of the company’s stock, valued at $2,668,714,877.08. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 42.60% of the stock is owned by company insiders.
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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