U-Haul (NYSE:UHAL) Issues Earnings Results

U-Haul (NYSE:UHAL) posted its earnings results on Wednesday. The company reported $0.58 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $1.68 billion during the quarter. U-Haul had a return on equity of 1.06% and a net margin of 1.38%.

U-Haul Stock Up 0.3%

NYSE:UHAL traded up $0.21 during trading hours on Wednesday, reaching $74.01. 165,895 shares of the stock were exchanged, compared to its average volume of 223,936. The firm has a 50 day moving average of $65.36 and a 200 day moving average of $56.00. U-Haul has a twelve month low of $41.94 and a twelve month high of $74.18. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.94 and a quick ratio of 1.73. The stock has a market cap of $14.51 billion, a PE ratio of 308.39 and a beta of 1.10.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wall Street Zen cut shares of U-Haul from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Citigroup started coverage on shares of U-Haul in a research report on Wednesday, July 15th. They issued an “outperform” rating for the company. Weiss Ratings raised U-Haul from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, July 24th. Finally, Citizens Jmp started coverage on U-Haul in a report on Wednesday, July 15th. They set a “mkt outperform” rating and a $90.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $85.00.

Institutional Investors Weigh In On U-Haul

A number of large investors have recently added to or reduced their stakes in UHAL. CX Institutional acquired a new stake in shares of U-Haul during the second quarter worth $56,000. Maverick Capital Ltd. bought a new position in U-Haul during the first quarter worth about $651,000. Caxton Associates LLP acquired a new stake in U-Haul in the 1st quarter worth about $496,000. Inceptionr LLC bought a new stake in U-Haul in the 1st quarter valued at about $709,000. Finally, State of Wyoming grew its position in shares of U-Haul by 215.2% during the 1st quarter. State of Wyoming now owns 7,860 shares of the company’s stock worth $376,000 after purchasing an additional 5,366 shares in the last quarter. Institutional investors own 3.63% of the company’s stock.

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.