U-Haul (NYSE:UHAL) Releases Earnings Results, Misses Expectations By $0.18 EPS

U-Haul (NYSE:UHAL) posted its earnings results on Wednesday. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.18), FiscalAI reports. U-Haul had a return on equity of 0.81% and a net margin of 1.05%. The firm had revenue of $1.77 billion for the quarter.

U-Haul Price Performance

NYSE:UHAL traded down $1.88 on Thursday, hitting $58.92. The company had a trading volume of 135,577 shares, compared to its average volume of 201,226. The stock has a market capitalization of $11.45 billion, a price-to-earnings ratio of 422.38 and a beta of 1.07. The company has a current ratio of 1.77, a quick ratio of 1.57 and a debt-to-equity ratio of 1.04. The firm has a 50 day moving average of $60.96 and a two-hundred day moving average of $58.52. U-Haul has a 52 week low of $41.94 and a 52 week high of $76.45.

Insider Buying and Selling at U-Haul

In other news, major shareholder Mark Shoen sold 23,000 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $52.51, for a total transaction of $1,207,730.00. Following the completion of the transaction, the insider directly owned 287,196 shares in the company, valued at approximately $15,080,661.96. This represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 92,000 shares of company stock worth $4,608,280 over the last quarter. Insiders own 43.80% of the company’s stock.

Institutional Investors Weigh In On U-Haul

Hedge funds and other institutional investors have recently bought and sold shares of the company. Inceptionr LLC bought a new position in U-Haul in the 1st quarter valued at approximately $709,000. Maverick Capital Ltd. bought a new stake in U-Haul during the 1st quarter worth approximately $651,000. Engineers Gate Manager LP grew its holdings in U-Haul by 28.9% during the 2nd quarter. Engineers Gate Manager LP now owns 11,072 shares of the company’s stock worth $725,000 after acquiring an additional 2,482 shares during the last quarter. Caxton Associates LLP acquired a new position in U-Haul in the 1st quarter valued at approximately $496,000. Finally, GSA Capital Partners LLP acquired a new position in U-Haul in the 2nd quarter valued at approximately $534,000. Institutional investors own 3.63% of the company’s stock.

Wall Street Analysts Forecast Growth

UHAL has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of U-Haul in a research note on Thursday, October 22nd. Citizens Jmp initiated coverage on U-Haul in a report on Wednesday, July 15th. They issued a “mkt outperform” rating and a $90.00 target price on the stock. Wall Street Zen upgraded U-Haul from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Citigroup initiated coverage on U-Haul in a report on Wednesday, July 15th. They set an “outperform” rating for the company. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $90.00.

About U-Haul

U-Haul, operated by U-Haul Holding Company (NYSE: UHAL), provides do-it-yourself moving and storage services to residential and commercial customers. Its offerings include rental trucks, trailers, towing equipment, vehicle storage, moving supplies and related services.

The company also operates self-storage facilities and offers portable storage through its U-Box® containers. Customers can access moving labor, hitch installation and other transportation-related services through U-Haul’s network of company-operated and independent dealer locations.

Founded in 1945 by Leonard Shoen, U-Haul serves customers throughout the United States and Canada.