U-Haul (NYSE:UHAL) Posts Quarterly Earnings Results

U-Haul (NYSE:UHAL) issued its quarterly earnings data on Wednesday. The company reported ($0.70) earnings per share for the quarter, FiscalAI reports. U-Haul had a return on equity of 1.64% and a net margin of 2.14%.The business had revenue of $1.27 billion during the quarter.

U-Haul Price Performance

UHAL traded up $1.05 during trading on Wednesday, reaching $52.15. 232,571 shares of the company traded hands, compared to its average volume of 212,205. 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 12-month low of $41.94 and a 12-month high of $64.75. The firm has a fifty day simple moving average of $49.54 and a 200 day simple moving average of $51.38. The company has a market cap of $10.23 billion, a P/E ratio of 108.65 and a beta of 1.11.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of U-Haul in a research note 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 company. Based on data from MarketBeat, U-Haul has a consensus rating of “Moderate Buy” and a consensus price target of $80.00.

Institutional Investors Weigh In On U-Haul

Institutional investors have recently added to or reduced their stakes in the stock. State of Wyoming purchased a new stake in U-Haul during the 3rd quarter valued at approximately $173,000. Brevan Howard Capital Management LP purchased a new stake in U-Haul during the 3rd quarter valued at approximately $218,000. Inscription Capital LLC purchased a new stake in U-Haul during the 4th quarter valued at approximately $223,000. FourThought Financial Partners LLC purchased a new stake in U-Haul during the 3rd quarter valued at approximately $227,000. Finally, Legacy Capital Group California Inc. grew its holdings in U-Haul by 4.4% during the 4th quarter. Legacy Capital Group California Inc. now owns 4,801 shares of the company’s stock valued at $242,000 after buying an additional 204 shares in the last quarter. 3.63% of the stock is owned by hedge funds and other institutional investors.

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.