AMERCO (NASDAQ:UHAL) – Investment analysts at Zacks Investment Research upped their FY2018 earnings per share (EPS) estimates for shares of AMERCO in a report issued on Tuesday. Zacks Investment Research analyst I. Gilson now expects that the transportation company will post earnings of $22.65 per share for the year, up from their prior estimate of $22.60. Zacks Investment Research also issued estimates for AMERCO’s Q4 2018 earnings at $0.66 EPS, Q3 2019 earnings at $4.09 EPS and Q4 2019 earnings at $1.77 EPS.
A number of other brokerages have also commented on UHAL. BidaskClub lowered AMERCO from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 30th. ValuEngine lowered AMERCO from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd.
AMERCO (NASDAQ:UHAL) last released its quarterly earnings results on Wednesday, November 8th. The transportation company reported $6.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $7.18 by ($0.82). AMERCO had a net margin of 9.30% and a return on equity of 11.28%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $975.90 million. During the same period in the prior year, the business earned $9.01 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis.
The company also recently disclosed a special dividend, which will be paid on Friday, January 5th. Shareholders of record on Thursday, December 21st will be given a $0.50 dividend. The ex-dividend date is Wednesday, December 20th.
In other AMERCO news, Director John P. Brogan sold 200 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $381.16, for a total value of $76,232.00. Following the transaction, the director now directly owns 5,800 shares in the company, valued at approximately $2,210,728. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 42.60% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the company. Amalgamated Bank boosted its position in shares of AMERCO by 3.4% in the 2nd quarter. Amalgamated Bank now owns 919 shares of the transportation company’s stock worth $336,000 after purchasing an additional 30 shares during the last quarter. Tredje AP fonden boosted its position in shares of AMERCO by 2.4% in the 2nd quarter. Tredje AP fonden now owns 2,057 shares of the transportation company’s stock worth $753,000 after purchasing an additional 48 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of AMERCO by 10.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 656 shares of the transportation company’s stock worth $241,000 after purchasing an additional 60 shares during the last quarter. Riverhead Capital Management LLC boosted its position in shares of AMERCO by 63.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 310 shares of the transportation company’s stock worth $114,000 after purchasing an additional 120 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of AMERCO by 13.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,269 shares of the transportation company’s stock worth $465,000 after purchasing an additional 152 shares during the last quarter. Institutional investors and hedge funds own 30.70% of the company’s stock.
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AMERCO Company Profile
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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