Amerco (UHAL) Releases Quarterly Earnings Results, Misses Estimates By $0.82 EPS
Amerco (NASDAQ:UHAL) posted its quarterly earnings results on Wednesday. The transportation company reported $6.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $7.18 by ($0.82), Bloomberg Earnings reports. Amerco had a net margin of 10.92% and a return on equity of 12.85%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $975.90 million. During the same period last year, the firm posted $9.01 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis.
Amerco (UHAL) traded down $0.13 during trading on Thursday, reaching $380.02. 109,317 shares of the company’s stock were exchanged, compared to its average volume of 172,545. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.69 and a quick ratio of 2.48. Amerco has a 52-week low of $307.80 and a 52-week high of $400.99. The firm has a market cap of $7,453.90, a price-to-earnings ratio of 20.57 and a beta of 1.15.
Several research analysts have recently commented on UHAL shares. ValuEngine raised shares of Amerco from a “hold” rating to a “buy” rating in a report on Monday, September 11th. BidaskClub raised shares of Amerco from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 31st.
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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