AMERISAFE, Inc. (NASDAQ:AMSF) Expected to Post Earnings of $0.72 Per Share
Wall Street brokerages expect that AMERISAFE, Inc. (NASDAQ:AMSF) will post $0.72 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for AMERISAFE’s earnings. The highest EPS estimate is $0.75 and the lowest is $0.68. AMERISAFE posted earnings of $0.85 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 15.3%. The firm is expected to issue its next earnings results after the market closes on Thursday, July 27th.
On average, analysts expect that AMERISAFE will report full year earnings of $3.03 per share for the current financial year, with EPS estimates ranging from $2.80 to $3.25. For the next financial year, analysts expect that the business will report earnings of $3.08 per share, with EPS estimates ranging from $2.90 to $3.25. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover AMERISAFE.
AMERISAFE (NASDAQ:AMSF) last released its earnings results on Wednesday, April 26th. The insurance provider reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by $0.19. AMERISAFE had a return on equity of 14.05% and a net margin of 17.13%. The business had revenue of $97.72 million for the quarter, compared to analyst estimates of $97.61 million. During the same period in the prior year, the firm posted $1.27 EPS. AMERISAFE’s revenue was down 4.3% on a year-over-year basis.
Several brokerages have commented on AMSF. Zacks Investment Research raised shares of AMERISAFE from a “sell” rating to a “hold” rating in a research report on Tuesday, April 25th. BidaskClub raised shares of AMERISAFE from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Finally, FBR & Co reaffirmed an “outperform” rating and issued a $64.00 price objective (down previously from $71.00) on shares of AMERISAFE in a research report on Wednesday, May 10th.
AMERISAFE (NASDAQ AMSF) traded down 0.63% during mid-day trading on Tuesday, reaching $55.15. 29,994 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $53.93 and a 200-day moving average of $60.88. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 15.84 and a beta of 0.86. AMERISAFE has a 12 month low of $51.20 and a 12 month high of $69.40.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 23rd. Stockholders of record on Friday, June 9th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Wednesday, June 7th. AMERISAFE’s dividend payout ratio (DPR) is currently 22.92%.
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In related news, Director Jared A. Morris purchased 2,500 shares of the business’s stock in a transaction on Tuesday, May 30th. The stock was acquired at an average price of $50.82 per share, with a total value of $127,050.00. Following the purchase, the director now directly owns 12,390 shares in the company, valued at $629,659.80. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Philip A. Garcia purchased 1,554 shares of the business’s stock in a transaction on Wednesday, May 31st. The stock was bought at an average cost of $51.54 per share, with a total value of $80,093.16. Following the purchase, the director now owns 9,558 shares in the company, valued at $492,619.32. The disclosure for this purchase can be found here. In the last three months, insiders bought 6,054 shares of company stock worth $311,443. Insiders own 2.20% of the company’s stock.
Several large investors have recently made changes to their positions in AMSF. State of Alaska Department of Revenue boosted its stake in shares of AMERISAFE by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 2,120 shares of the insurance provider’s stock worth $137,000 after buying an additional 40 shares during the period. State Street Corp boosted its stake in shares of AMERISAFE by 7.4% in the fourth quarter. State Street Corp now owns 449,561 shares of the insurance provider’s stock worth $28,029,000 after buying an additional 30,954 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of AMERISAFE during the fourth quarter worth about $2,286,000. Norges Bank acquired a new stake in shares of AMERISAFE during the fourth quarter worth about $10,326,000. Finally, Louisiana State Employees Retirement System boosted its stake in shares of AMERISAFE by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 7,800 shares of the insurance provider’s stock worth $506,000 after buying an additional 100 shares during the period. 99.73% of the stock is owned by institutional investors.
Amerisafe, Inc is an insurance holding company. The Company is engaged in providing workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, and agriculture. It is engaged in underwriting the workers’ compensation exposures inherent in these industries.
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