AMREP (NYSE:AXR - Get Free Report) announced its quarterly earnings data on Friday. The business services provider reported $0.13 earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $7.52 million during the quarter. AMREP had a return on equity of 10.31% and a net margin of 19.52%.
AMREP Price Performance
Shares of NYSE AXR traded down $0.17 during trading on Friday, reaching $23.05. 8,824 shares of the stock traded hands, compared to its average volume of 18,468. AMREP has a 52-week low of $15.88 and a 52-week high of $39.68. The company has a 50-day moving average of $29.13 and a 200-day moving average of $29.70. The stock has a market capitalization of $121.87 million, a P/E ratio of 10.02 and a beta of 0.99.
Wall Street Analyst Weigh In
Separately, StockNews.com cut AMREP from a "buy" rating to a "hold" rating in a research report on Thursday, December 12th.
Get Our Latest Stock Report on AXR
Insider Activity
In other news, Director Robert Robotti sold 13,000 shares of the company's stock in a transaction on Friday, December 20th. The stock was sold at an average price of $31.56, for a total transaction of $410,280.00. Following the transaction, the director now owns 296,594 shares of the company's stock, valued at $9,360,506.64. This represents a 4.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 37.60% of the company's stock.
About AMREP
(
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AMREP Corporation, through its subsidiaries, primarily engages in the real estate business. The company operates through two segments, Land Development and Homebuilding. It sells developed and undeveloped lots to homebuilders, commercial and industrial property developers, and others. In addition, the company owns mineral interests covering an area of approximately 55,000 surface acres of land in Sandoval County, New Mexico; and owns oil, gas, and minerals and mineral interests covering an area of approximately 147 surface acres of land in Brighton, Colorado.
Further Reading
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