Brokerages Anticipate AMERCO (UHAL) to Announce $2.12 Earnings Per Share

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AMERCO (NASDAQ:UHAL) has earned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Brokerages have set a 1 year consensus price target of $400.00 for the company and are anticipating that the company will post $2.12 earnings per share for the current quarter, according to Zacks. Zacks has also given AMERCO an industry rank of 103 out of 257 based on the ratings given to its competitors.

Several equities analysts have weighed in on the stock. ValuEngine upgraded shares of AMERCO from a “hold” rating to a “buy” rating in a report on Wednesday, August 15th. TheStreet upgraded shares of AMERCO from a “c+” rating to a “b-” rating in a report on Wednesday, July 25th. Finally, BidaskClub lowered shares of AMERCO from a “sell” rating to a “strong sell” rating in a report on Saturday, September 22nd.

In related news, insider Thomas W. Hayes acquired 200 shares of the firm’s stock in a transaction dated Wednesday, August 29th. The shares were purchased at an average cost of $380.05 per share, for a total transaction of $76,010.00. Following the acquisition, the insider now owns 200 shares in the company, valued at approximately $76,010. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Respino Laurence J. De sold 75 shares of the company’s stock in a transaction that occurred on Thursday, October 4th. The stock was sold at an average price of $369.92, for a total transaction of $27,744.00. The disclosure for this sale can be found here. Corporate insiders own 42.60% of the company’s stock.

Several hedge funds have recently modified their holdings of UHAL. SG Americas Securities LLC acquired a new position in shares of AMERCO in the 2nd quarter worth approximately $188,000. State of Alaska Department of Revenue lifted its holdings in shares of AMERCO by 37.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 550 shares of the transportation company’s stock worth $195,000 after acquiring an additional 150 shares during the last quarter. Parametrica Management Ltd acquired a new position in shares of AMERCO in the 3rd quarter worth approximately $208,000. IFM Investors Pty Ltd acquired a new position in shares of AMERCO in the 3rd quarter worth approximately $285,000. Finally, Brown Advisory Inc. acquired a new position in shares of AMERCO in the 1st quarter worth approximately $290,000. Hedge funds and other institutional investors own 36.61% of the company’s stock.

NASDAQ:UHAL opened at $335.54 on Wednesday. The company has a current ratio of 2.19, a quick ratio of 2.01 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $6.49 billion, a price-to-earnings ratio of 21.37 and a beta of 0.90. AMERCO has a 1-year low of $316.00 and a 1-year high of $386.64.

AMERCO (NASDAQ:UHAL) last posted its earnings results on Wednesday, November 7th. The transportation company reported $8.35 earnings per share for the quarter, beating the consensus estimate of $6.49 by $1.86. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.06 billion. AMERCO had a net margin of 21.63% and a return on equity of 8.95%. AMERCO’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $6.36 EPS. Equities analysts expect that AMERCO will post 12.74 EPS for the current fiscal year.

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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