Wall Street brokerages predict that Amerisafe, Inc. (NASDAQ:AMSF) will announce $0.75 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Amerisafe’s earnings, with the lowest EPS estimate coming in at $0.73 and the highest estimate coming in at $0.80. Amerisafe posted earnings per share of $0.87 during the same quarter last year, which suggests a negative year-over-year growth rate of 13.8%. The company is scheduled to report its next quarterly earnings report after the market closes on Wednesday, October 24th.
On average, analysts expect that Amerisafe will report full year earnings of $3.37 per share for the current financial year, with EPS estimates ranging from $3.30 to $3.50. For the next year, analysts expect that the business will report earnings of $3.12 per share, with EPS estimates ranging from $3.00 to $3.25. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Amerisafe.
Amerisafe (NASDAQ:AMSF) last released its quarterly earnings data on Wednesday, August 1st. The insurance provider reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.17. The business had revenue of $96.42 million during the quarter, compared to the consensus estimate of $93.11 million. Amerisafe had a return on equity of 14.28% and a net margin of 13.35%.
A number of analysts have recently commented on AMSF shares. BidaskClub downgraded Amerisafe from a “hold” rating to a “sell” rating in a report on Saturday, July 7th. ValuEngine upgraded Amerisafe from a “hold” rating to a “buy” rating in a report on Friday, July 20th. JMP Securities upped their price objective on Amerisafe from $65.00 to $67.00 and gave the stock a “market outperform” rating in a report on Thursday, August 2nd. Boenning Scattergood restated a “hold” rating on shares of Amerisafe in a report on Thursday, August 2nd. Finally, Keefe, Bruyette & Woods set a $61.00 price objective on Amerisafe and gave the stock a “hold” rating in a report on Thursday, August 2nd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Amerisafe has a consensus rating of “Buy” and an average target price of $67.00.
Shares of AMSF stock traded up $0.84 on Monday, reaching $63.09. 40,489 shares of the stock were exchanged, compared to its average volume of 66,329. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 20.48 and a beta of 0.70. Amerisafe has a 1-year low of $52.00 and a 1-year high of $67.82.
The business also recently declared a quarterly dividend, which was paid on Friday, September 21st. Investors of record on Friday, September 7th were issued a $0.22 dividend. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $0.88 annualized dividend and a yield of 1.39%. Amerisafe’s dividend payout ratio is currently 28.57%.
In related news, Director Randy Roach sold 800 shares of the stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $63.50, for a total value of $50,800.00. Following the completion of the sale, the director now directly owns 8,422 shares in the company, valued at approximately $534,797. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Neal Andrew Fuller sold 2,291 shares of the stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $63.61, for a total value of $145,730.51. Following the completion of the sale, the chief financial officer now owns 20,919 shares of the company’s stock, valued at $1,330,657.59. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the business. Itau Unibanco Holding S.A. purchased a new position in Amerisafe in the 2nd quarter valued at about $192,000. Hartford Investment Management Co. purchased a new position in Amerisafe in the 2nd quarter valued at about $209,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Amerisafe in the 2nd quarter valued at about $235,000. Xact Kapitalforvaltning AB purchased a new position in Amerisafe in the 1st quarter valued at about $296,000. Finally, Engineers Gate Manager LP purchased a new position in Amerisafe in the 2nd quarter valued at about $403,000.
Amerisafe Company Profile
AMERISAFE, Inc, an insurance holding company, provides workers' compensation insurance in the United States. Its workers' compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. The company serves small to mid-sized employers involved in construction, trucking, logging and lumber, manufacturing, agriculture, maritime, oil and gas, and other industries through agencies.
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