Revenue Update on AMERCO(NASDAQ:UHAL)

AMERCO(NASDAQ:UHAL) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $923.41M. Analysts estimated a revenue of $941.32M. Earnings per share were $7.51. Analysts had estimated an EPS of $8.72.

AMERCO (UHAL) shares turned negative on Fridays trading session with the shares closing down -2.8 points or -0.80% at a volume of 70,800. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $351.32. The peak price level was also seen at $351.32 while the days lowest was $345.01. Finally the shares closed at $347.98. The 52-week high of the shares is $436.89 while the 52-week low is $305.6601. According to the latest information available, the market cap of the company is $6,823 M.

Several Insider Transactions has been reported to the SEC. On Jul 5, 2016, James P Shoen (10% owner) sold 30,000 shares at $375.27 per share price.Also, On Jun 16, 2016, Daniel Robert Mullen (director) sold 2,000 shares at $367.00 per share price.On Feb 3, 2016, Mark V Shoen (10% owner) sold 3,786,765 shares at $431.83 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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