AMERCO (UHAL) Releases Earnings Results, Misses Expectations By $-1.21 EPS

AMERCO (UHAL) reported quarterly earnings results on Wednesday, Aug-3-2016. The company reported $7.51 earnings per share for the quarter, missing the analyst consensus estimate by $-1.21. Analysts had a consensus of $8.72. The company posted revenue of $923.40 million in the period, compared to analysts expectations of $941.32 million. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.74 EPS.

AMERCO closed down -6.91 points or -1.74% at $389.95 with 24,646 shares getting traded on Tusday. Post opening the session at $398.23, the shares hit an intraday low of $388.02 and an intraday high of $398.41 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jun 16, 2016, Daniel Robert Mullen (director) sold 2,000 shares at $367.00 per share price. According to the SEC, on Feb 3, 2016, Edward J Shoen (Chairman, President) sold 3,433,772 shares at $431.83 per share price. On Sep 4, 2015, Charles J Bayer (director) sold 1,200 shares at $368.00 per share price, according to the Form-4 filing with the securities and exchange commission.

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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