Amerco (UHAL) Posts Quarterly Earnings Results
Amerco (NASDAQ:UHAL) issued its earnings results on Wednesday. The transportation company reported $6.44 EPS for the quarter, missing the consensus estimate of $7.37 by $0.93, Briefing.com reports. The company had revenue of $957.93 million for the quarter, compared to analysts’ expectations of $943.57 million. Amerco had a return on equity of 14.02% and a net margin of 11.64%. Amerco’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.51 earnings per share.
Shares of Amerco (NASDAQ:UHAL) traded up 0.72% during midday trading on Wednesday, hitting $391.42. 76,928 shares of the company’s stock traded hands. The stock has a market cap of $7.67 billion, a P/E ratio of 19.24 and a beta of 1.10. The company has a 50 day moving average of $365.20 and a 200 day moving average of $369.72. Amerco has a 52 week low of $307.80 and a 52 week high of $398.94.
The business also recently announced a special dividend, which was paid on Thursday, August 3rd. Shareholders of record on Thursday, July 20th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, July 18th.
In other Amerco news, major shareholder Grove Holdings Lp Willow acquired 2,000 shares of Amerco stock in a transaction that occurred on Tuesday, May 30th. The stock was purchased at an average cost of $352.87 per share, with a total value of $705,740.00. Following the purchase, the insider now owns 7,562,884 shares in the company, valued at $2,668,714,877.08. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 42.60% of the stock is currently owned by corporate insiders.
Separately, BidaskClub upgraded shares of Amerco from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 31st.
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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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