AMERISAFE, Inc. (NASDAQ:AMSF) Set to Announce Earnings on Thursday
AMERISAFE, Inc. (NASDAQ:AMSF) is set to post its quarterly earnings results after the market closes on Thursday, July 27th. Analysts expect AMERISAFE to post earnings of $0.77 per share for the quarter.
AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings data on Wednesday, April 26th. The insurance provider reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by $0.19. The firm had revenue of $97.72 million for the quarter, compared to analyst estimates of $97.61 million. AMERISAFE had a return on equity of 14.05% and a net margin of 17.13%. AMERISAFE’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.27 EPS. On average, analysts expect AMERISAFE to post $3.15 EPS for the current fiscal year and $3.14 EPS for the next fiscal year.
Shares of AMERISAFE, Inc. (NASDAQ:AMSF) opened at 56.70 on Thursday. The firm has a market cap of $1.09 billion, a PE ratio of 16.29 and a beta of 0.87. AMERISAFE, Inc. has a 52 week low of $51.20 and a 52 week high of $69.40. The stock’s 50 day moving average is $55.41 and its 200-day moving average is $60.24.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 23rd. Shareholders of record on Friday, June 9th were paid a dividend of $0.20 per share. The ex-dividend date was Wednesday, June 7th. This represents a $0.80 dividend on an annualized basis and a yield of 1.41%. AMERISAFE’s dividend payout ratio (DPR) is presently 22.92%.
In other news, Director Jared A. Morris bought 2,500 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was bought at an average price of $50.82 per share, for a total transaction of $127,050.00. Following the transaction, the director now owns 12,390 shares in the company, valued at $629,659.80. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Millard E. Morris bought 2,000 shares of the firm’s stock in a transaction dated Friday, May 26th. The stock was purchased at an average price of $52.15 per share, with a total value of $104,300.00. Following the transaction, the director now owns 10,336 shares in the company, valued at approximately $539,022.40. The disclosure for this purchase can be found here. In the last quarter, insiders bought 6,054 shares of company stock valued at $311,443. Insiders own 2.20% of the company’s stock.
A number of equities research analysts have weighed in on AMSF shares. Zacks Investment Research upgraded AMERISAFE from a “sell” rating to a “hold” rating in a research note on Wednesday, March 22nd. BidaskClub lowered AMERISAFE from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, FBR & Co restated an “outperform” rating and set a $64.00 price objective (down previously from $71.00) on shares of AMERISAFE in a research note on Wednesday, May 10th.
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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