Amerisafe (AMSF) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS
Amerisafe (NASDAQ:AMSF) issued its quarterly earnings data on Wednesday. The company reported $0.67 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.61 by $0.06, American Banking News reports. The company had revenue of $93.50 million for the quarter, compared to the consensus estimate of $99.20 million. During the same quarter last year, the company posted $0.41 earnings per share. Amerisafe’s revenue was up 14.2% compared to the same quarter last year.
In other Amerisafe news, CEO C Allen Bradley, Jr. sold 4,383 shares of the company’s stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $38.46, for a total value of $168,570.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Amerisafe (NASDAQ:AMSF) traded down 2.45% during mid-day trading on Wednesday, hitting $35.43. The stock had a trading volume of 48,535 shares. Amerisafe has a one year low of $32.42 and a one year high of $45.95. The stock’s 50-day moving average is $39.11 and its 200-day moving average is $40.64. The company has a market cap of $656.6 million and a P/E ratio of 15.08.
A number of research firms have recently commented on AMSF. Analysts at Zacks upgraded shares of Amerisafe from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 22nd. They now have a $40.00 price target on the stock. Finally, analysts at Sidoti upgraded shares of Amerisafe from a “neutral” rating to a “buy” rating in a research note on Monday, June 23rd. One research analyst has rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Amerisafe has an average rating of “Buy” and a consensus price target of $45.00.
AMERISAFE, Inc (NASDAQ:AMSF) is an insurance holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.