Shares of AMERCO (NASDAQ:UHAL) have been given an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Brokerages have set a twelve-month consensus price objective of $400.00 for the company and are forecasting that the company will post ($0.84) earnings per share for the current quarter, according to Zacks. Zacks has also assigned AMERCO an industry rank of 208 out of 255 based on the ratings given to related companies.
A number of analysts have commented on the stock. TheStreet cut shares of AMERCO from a “b” rating to a “c+” rating in a research report on Monday, March 25th. ValuEngine cut shares of AMERCO from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Finally, BidaskClub cut shares of AMERCO from a “hold” rating to a “sell” rating in a research report on Tuesday, March 26th.
NASDAQ UHAL opened at $370.48 on Friday. The firm has a market capitalization of $7.27 billion, a P/E ratio of 23.60 and a beta of 0.83. AMERCO has a twelve month low of $316.00 and a twelve month high of $387.95. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.80 and a quick ratio of 2.62.
AMERCO (NASDAQ:UHAL) last posted its quarterly earnings data on Wednesday, February 6th. The transportation company reported $4.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.55 by $0.46. The business had revenue of $919.09 million during the quarter, compared to the consensus estimate of $866.87 million. AMERCO had a return on equity of 10.27% and a net margin of 10.02%. AMERCO’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.34 earnings per share. On average, sell-side analysts anticipate that AMERCO will post 18.04 EPS for the current fiscal year.
The company also recently declared a special dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, March 20th.
In other AMERCO news, General Counsel Respino Laurence J. De sold 86 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $375.20, for a total transaction of $32,267.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 42.60% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its position in shares of AMERCO by 29.9% during the 4th quarter. BlackRock Inc. now owns 495,926 shares of the transportation company’s stock worth $162,718,000 after purchasing an additional 114,030 shares in the last quarter. Yacktman Asset Management LP boosted its position in shares of AMERCO by 26.7% during the 4th quarter. Yacktman Asset Management LP now owns 165,779 shares of the transportation company’s stock worth $54,394,000 after purchasing an additional 34,890 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of AMERCO by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 460,746 shares of the transportation company’s stock worth $151,180,000 after purchasing an additional 19,452 shares in the last quarter. Norges Bank bought a new position in shares of AMERCO during the 4th quarter worth about $5,572,000. Finally, Geode Capital Management LLC boosted its position in shares of AMERCO by 19.9% during the 4th quarter. Geode Capital Management LLC now owns 98,234 shares of the transportation company’s stock worth $32,214,000 after purchasing an additional 16,333 shares in the last quarter. 37.54% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading: Debt-To-Equity Ratio
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