Amerco (NASDAQ:UHAL) – Research analysts at Zacks Investment Research dropped their Q2 2017 earnings per share (EPS) estimates for Amerco in a report issued on Thursday. Zacks Investment Research analyst I. Gilson now anticipates that the brokerage will post earnings of $7.91 per share for the quarter, down from their prior forecast of $8.37. Zacks Investment Research also issued estimates for Amerco’s FY2017 earnings at $23.55 EPS.
Separately, CL King cut shares of Amerco from a “strong-buy” rating to a “buy” rating and cut their target price for the stock from $449.00 to $405.00 in a report on Friday, August 5th.
Shares of Amerco (NASDAQ:UHAL) opened at 333.95 on Monday. The stock has a 50 day moving average of $333.37 and a 200 day moving average of $356.91. The stock has a market cap of $6.55 billion, a P/E ratio of 14.07 and a beta of 1.38. Amerco has a one year low of $305.66 and a one year high of $436.89.
Amerco (NASDAQ:UHAL) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $7.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $8.72 by $1.21. Amerco had a return on equity of 19.28% and a net margin of 14.03%. The business had revenue of $923.40 million for the quarter, compared to analyst estimates of $941.32 million. During the same quarter in the previous year, the company posted $8.74 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis.
A number of hedge funds have recently added to or reduced their stakes in the stock. Columbia Wanger Asset Management LLC boosted its stake in Amerco by 33.2% in the second quarter. Columbia Wanger Asset Management LLC now owns 220,158 shares of the company’s stock valued at $82,460,000 after buying an additional 54,882 shares during the period. First Manhattan Co. boosted its stake in Amerco by 415.9% in the second quarter. First Manhattan Co. now owns 66,786 shares of the company’s stock valued at $25,014,000 after buying an additional 53,841 shares during the period. Wellington Management Group LLP boosted its stake in Amerco by 22.8% in the first quarter. Wellington Management Group LLP now owns 252,948 shares of the company’s stock valued at $90,381,000 after buying an additional 46,913 shares during the period. Goldman Sachs Group Inc. boosted its stake in Amerco by 53.7% in the first quarter. Goldman Sachs Group Inc. now owns 109,812 shares of the company’s stock valued at $39,237,000 after buying an additional 38,355 shares during the period. Finally, Claar Advisors LLC bought a new stake in Amerco during the second quarter valued at $9,563,000. Institutional investors and hedge funds own 28.14% of the company’s stock.
In other news, Director Daniel Robert Mullen sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $352.00, for a total value of $352,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 52.00% of the stock is currently owned by insiders.
The company also recently announced a special dividend, which will be paid on Thursday, November 3rd. Stockholders of record on Thursday, October 20th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, October 18th.
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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