U-Haul (UHAL) Scheduled to Post Quarterly Earnings on Wednesday

Posted by on May 17th, 2023

U-Haul (NASDAQ:UHAL – Get Rating) is set to announce its earnings results after the market closes on Wednesday, May 24th. Analysts expect the company to announce earnings of $0.50 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

U-Haul Price Performance

Shares of U-Haul stock opened at $61.29 on Wednesday. U-Haul has a twelve month low of $44.79 and a twelve month high of $70.57. The stock has a market capitalization of $12.02 billion, a P/E ratio of 12.46 and a beta of 0.98. The company has a current ratio of 4.40, a quick ratio of 4.19 and a debt-to-equity ratio of 0.94. The business’s fifty day moving average price is $59.49 and its 200 day moving average price is $61.11.

Insiders Place Their Bets

In related news, major shareholder Mark V. Shoen acquired 24,900 shares of U-Haul stock in a transaction on Thursday, March 23rd. The shares were bought at an average price of $56.41 per share, for a total transaction of $1,404,609.00. Following the completion of the purchase, the insider now directly owns 24,900 shares in the company, valued at approximately $1,404,609. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 43.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of UHAL. Ossiam lifted its stake in shares of U-Haul by 429.8% in the first quarter. Ossiam now owns 445 shares of the transportation company’s stock worth $27,000 after acquiring an additional 361 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of U-Haul by 55.1% in the first quarter. Great West Life Assurance Co. Can now owns 1,239 shares of the transportation company’s stock worth $74,000 after acquiring an additional 440 shares in the last quarter. MetLife Investment Management LLC acquired a new position in shares of U-Haul in the first quarter worth about $107,000. Advisor Group Holdings Inc. lifted its stake in shares of U-Haul by 107.4% in the fourth quarter. Advisor Group Holdings Inc. now owns 2,292 shares of the transportation company’s stock worth $138,000 after acquiring an additional 1,187 shares in the last quarter. Finally, Point72 Hong Kong Ltd lifted its stake in shares of U-Haul by 83.4% in the first quarter. Point72 Hong Kong Ltd now owns 266 shares of the transportation company’s stock worth $159,000 after acquiring an additional 121 shares in the last quarter. Institutional investors and hedge funds own 8.56% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on U-Haul in a report on Thursday, March 16th. They issued a “hold” rating on the stock.

U-Haul Company Profile

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U-Haul Holding Co engages in the insurance and moving and storage businesses. It operates through the following business segments: Moving and Storage, Property and Casualty Insurance, and Life Insurance. The Moving and Storage segment consists of the rental of trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces.

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Earnings History for U-Haul (NASDAQ:UHAL)

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