U-Haul (NYSE:UHAL) Releases Earnings Results, Beats Expectations By $0.02 EPS

U-Haul (NYSE:UHAL) released its earnings results on Wednesday. The company reported ($0.70) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.72) by $0.02, FiscalAI reports. U-Haul had a net margin of 2.14% and a return on equity of 1.64%. The business had revenue of $1.27 billion for the quarter.

U-Haul Price Performance

UHAL opened at $52.15 on Thursday. The company’s 50 day simple moving average is $49.67 and its 200 day simple moving average is $51.37. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.04 and a current ratio of 2.26. U-Haul has a 1 year low of $41.94 and a 1 year high of $64.75. The stock has a market capitalization of $10.23 billion, a PE ratio of 108.65 and a beta of 1.11.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. State of Wyoming acquired a new position in U-Haul during the third quarter valued at approximately $173,000. Brevan Howard Capital Management LP acquired a new position in U-Haul during the third quarter valued at approximately $218,000. FourThought Financial Partners LLC acquired a new position in U-Haul during the third quarter valued at approximately $227,000. Inscription Capital LLC acquired a new position in U-Haul during the fourth quarter valued at approximately $223,000. Finally, Shay Capital LLC acquired a new position in U-Haul during the third quarter valued at approximately $257,000. 3.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of U-Haul in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $80.00.

About U-Haul

U-Haul (NYSE: UHAL) is a leading provider of do-it-yourself moving and storage solutions in North America. The company offers a comprehensive suite of products and services that includes the rental of trucks, trailers and towing equipment, as well as portable moving containers known as U-Box. In addition to vehicle rentals, U-Haul supplies customers with moving essentials such as boxes, packing materials and hitch installations, ensuring an integrated moving experience. The company also operates self-storage facilities under the U-Haul Storage brand, catering to both short-term and long-term needs.

Founded in 1945 by Leonard Shoen in Ridgefield, Washington, U-Haul has expanded its footprint through a mix of corporate-owned centers and independent dealer locations.