AMERCO (UHAL) Issues Quarterly Earnings Results

AMERCO (NASDAQ:UHAL) released its quarterly earnings results on Wednesday. The transportation company reported $4.01 earnings per share for the quarter, beating the consensus estimate of $3.55 by $0.46, Bloomberg Earnings reports. The business had revenue of $919.09 million during the quarter, compared to analysts’ expectations of $866.87 million. AMERCO had a return on equity of 10.39% and a net margin of 10.02%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.34 EPS.

Shares of NASDAQ:UHAL traded down $1.75 on Friday, reaching $378.51. The company had a trading volume of 3,403 shares, compared to its average volume of 32,449. AMERCO has a 52-week low of $316.00 and a 52-week high of $386.64. The company has a market capitalization of $7.13 billion, a PE ratio of 24.11 and a beta of 0.83. The company has a current ratio of 2.12, a quick ratio of 1.95 and a debt-to-equity ratio of 0.97.

Several large investors have recently made changes to their positions in the company. Yacktman Asset Management LP grew its stake in AMERCO by 26.7% during the 4th quarter. Yacktman Asset Management LP now owns 165,779 shares of the transportation company’s stock valued at $54,394,000 after purchasing an additional 34,890 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in AMERCO by 8.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 441,294 shares of the transportation company’s stock worth $157,377,000 after buying an additional 34,248 shares in the last quarter. BlackRock Inc. increased its stake in AMERCO by 4.4% during the 3rd quarter. BlackRock Inc. now owns 381,896 shares of the transportation company’s stock worth $136,202,000 after buying an additional 16,020 shares in the last quarter. Vanguard Group Inc increased its stake in AMERCO by 1.9% during the 3rd quarter. Vanguard Group Inc now owns 672,973 shares of the transportation company’s stock worth $240,017,000 after buying an additional 12,683 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in AMERCO by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 672,973 shares of the transportation company’s stock worth $240,017,000 after buying an additional 12,683 shares in the last quarter. Institutional investors and hedge funds own 36.52% of the company’s stock.



Several equities research analysts have recently issued reports on UHAL shares. BidaskClub lowered AMERCO from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 4th. ValuEngine raised AMERCO from a “hold” rating to a “buy” rating in a research note on Wednesday, November 21st.

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AMERCO Company Profile

AMERCO operates as a do-it-yourself moving and storage operator for household and commercial goods in the United States and Canada. The company's Moving and Storage segment rents trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces primarily to the household movers; and sells moving supplies, towing accessories, and propane.

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Earnings History for AMERCO (NASDAQ:UHAL)

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