AMERCO (UHAL) Releases Earnings Results, Misses Expectations By $-0.32 EPS

AMERCO (UHAL) reported quarterly earnings results on Wednesday, May-25-2016. The company reported $2.68 earnings per share for the quarter, missing the analyst consensus estimate by $-0.32. Analysts had a consensus of $3.00. The company posted revenue of $683.19 million in the period, compared to analysts expectations of $659.00 million. The company’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.43 EPS.

AMERCO opened for trading at $363.23 and hit $369.39 on the upside on Friday, eventually ending the session at $368.25, with a gain of 1.45% or 5.26 points. The heightened volatility saw the trading volume jump to 21,258 shares. Company has a market cap of $7,220,646 M.

In a different news, on Feb 3, 2016, Edward J Shoen (Chairman, President) sold 3,433,772 shares at $431.83 per share price. According to the SEC, on Sep 4, 2015, Charles J Bayer (director) sold 1,200 shares at $368.00 per share price.

AMERCO is a do-it-yourself moving and storage operator through its subsidiary U-Haul International Inc. (U-Haul). The Company supplies products and services to help people move and store their household and commercial goods. It operates through three segments: Moving and Storage Property and Casualty Insurance and Life Insurance. The Moving and Storage segment consists of AMERCO U-Haul and Real Estate and the subsidiaries of U-Haul and Real Estate. It consists of the rental of trucks trailers portable moving and storage unit specialty rental items and self-storage spaces primarily to the household mover and sales of moving supplies towing accessories and propane. The Property and Casualty Insurance segment consists of Repwest and its subsidiaries and ARCOA. It provides loss adjusting and claims handling for U-Haul through regional offices across North America. The Life Insurance segment consists of Oxford and its subsidiaries and provides life and health insurance products.


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