Amerco (NASDAQ:UHAL) has earned an average broker rating score of 2.00 (Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating. Amerco’s rating score has declined by 100% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a 12-month consensus target price of $427.50 for the company and are expecting that the company will post $8.28 earnings per share for the current quarter, according to Zacks. Zacks has also given Amerco an industry rank of 236 out of 265 based on the ratings given to its competitors.
Separately, CL King downgraded Amerco from a “strong-buy” rating to a “buy” rating and dropped their price target for the company from $449.00 to $405.00 in a research note on Friday, August 5th.
Shares of Amerco (NASDAQ:UHAL) opened at 333.85 on Tuesday. The firm has a market capitalization of $6.55 billion, a PE ratio of 14.07 and a beta of 1.38. Amerco has a 52 week low of $305.66 and a 52 week high of $436.89. The stock has a 50 day moving average of $333.66 and a 200-day moving average of $357.15.
Amerco (NASDAQ:UHAL) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $7.51 EPS for the quarter, missing the Zacks’ consensus estimate of $8.72 by $1.21. The company earned $923.40 million during the quarter, compared to analyst estimates of $941.32 million. Amerco had a net margin of 14.03% and a return on equity of 19.28%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the firm earned $8.74 EPS. Equities analysts anticipate that Amerco will post $23.64 earnings per share for the current fiscal year.
The business also recently declared a special dividend, which will be paid on Thursday, November 3rd. Investors of record on Thursday, October 20th will be paid a $1.00 dividend. The ex-dividend date is Tuesday, October 18th.
In related news, Director Daniel Robert Mullen sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $352.00, for a total value of $352,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 52.00% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of UHAL. Commonwealth Equity Services Inc increased its position in Amerco by 7.6% in the first quarter. Commonwealth Equity Services Inc now owns 854 shares of the company’s stock worth $305,000 after buying an additional 60 shares during the period. Aperio Group LLC increased its position in Amerco by 6.8% in the first quarter. Aperio Group LLC now owns 1,280 shares of the company’s stock worth $457,000 after buying an additional 82 shares during the period. TIAA CREF Investment Management LLC increased its position in Amerco by 3.9% in the first quarter. TIAA CREF Investment Management LLC now owns 95,571 shares of the company’s stock worth $34,148,000 after buying an additional 3,570 shares during the period. Teachers Advisors Inc. increased its position in Amerco by 2.1% in the first quarter. Teachers Advisors Inc. now owns 5,808 shares of the company’s stock worth $2,075,000 after buying an additional 117 shares during the period. Finally, BlackRock Inc. increased its position in Amerco by 12.5% in the first quarter. BlackRock Inc. now owns 5,894 shares of the company’s stock worth $2,106,000 after buying an additional 656 shares during the period. 28.15% of the stock is owned by institutional investors and hedge funds.
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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