News Spotlight: AMERCO (NASDAQ:UHAL)

On Wednesday AMERCO (NASDAQ:UHAL)  traded with change of 0.58% on volume of 56893 shares in the last session as compared to average volume of 40953 shares. During last trade its minimum price was $417.84 and it gained highest price of $426.5. UHAL has total market capitalization of $8323502610. Its closing value stands at $424.5.

On Nov. 6, 2019, AMERCO (NASDAQ:UHAL) parent of U-Haul International, Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, released net earnings available to shareholders for its second quarter ended September 30, 2019, of $156.3 million, or $7.97 per share, compared with net earnings of $163.5 million, or $8.35 per share, for the same period last year.

For the six-month period ended September 30, 2019, net earnings available to shareholders were $288.7 million, or $14.73 per share, compared with net earnings of $291.4 million, or $14.87 per share, for the same period last year.

We continued to fill self-storage rooms during the quarter while also adding new locations to the portfolio, stated Joe Shoen, chairman of AMERCO. Growth in the fleet has led to additional depreciation and maintenance costs. We have not realized the truck and trailer revenue we expected from this investment. I am working to resolve this, but improvement will likely come slowly.

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