AMERCO (NASDAQ:UHAL) declared a special dividend on Tuesday, March 13th, Wall Street Journal reports. Investors of record on Friday, March 23rd will be given a dividend of 0.50 per share by the transportation company on Friday, April 6th. The ex-dividend date is Thursday, March 22nd.
Shares of UHAL traded down $12.09 during trading hours on Friday, reaching $345.80. 89,357 shares of the stock traded hands, compared to its average volume of 69,917. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.93 and a current ratio of 3.13. AMERCO has a 52-week low of $326.30 and a 52-week high of $400.99. The stock has a market cap of $6,780.45, a price-to-earnings ratio of 17.69 and a beta of 0.96.
AMERCO (NASDAQ:UHAL) last announced its quarterly earnings results on Wednesday, February 7th. The transportation company reported $2.34 EPS for the quarter, missing the consensus estimate of $9.20 by ($6.86). The company had revenue of $842.88 million during the quarter, compared to analysts’ expectations of $784.80 million. AMERCO had a return on equity of 9.96% and a net margin of 22.22%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.33 EPS. equities research analysts predict that AMERCO will post 22.65 earnings per share for the current year.
UHAL has been the topic of several research analyst reports. BidaskClub cut shares of AMERCO from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. ValuEngine cut shares of AMERCO from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, CL King initiated coverage on shares of AMERCO in a research note on Thursday. They issued a “neutral” rating on the stock.
In related news, Director Karl A. Schmidt purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were acquired at an average price of $353.97 per share, for a total transaction of $353,970.00. Following the purchase, the director now directly owns 1,300 shares in the company, valued at $460,161. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 42.60% of the stock is owned by insiders.
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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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