AMERISAFE, Inc. (AMSF) Expected to Post Quarterly Sales of $92.81 Million
Wall Street brokerages expect AMERISAFE, Inc. (NASDAQ:AMSF) to report sales of $92.81 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for AMERISAFE’s earnings, with the lowest sales estimate coming in at $91.82 million and the highest estimate coming in at $93.80 million. AMERISAFE posted sales of $98.03 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 5.3%. The firm is expected to issue its next earnings results on Wednesday, October 25th.
According to Zacks, analysts expect that AMERISAFE will report full-year sales of $92.81 million for the current fiscal year, with estimates ranging from $369.79 million to $379.40 million. For the next year, analysts forecast that the business will post sales of $356.53 million per share, with estimates ranging from $347.26 million to $365.80 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for AMERISAFE.
AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings results on Thursday, July 27th. The insurance provider reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.05. The company had revenue of $89.93 million for the quarter, compared to analysts’ expectations of $92.33 million. AMERISAFE had a return on equity of 14.04% and a net margin of 17.17%. The firm’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 earnings per share.
Several analysts have weighed in on AMSF shares. BidaskClub downgraded AMERISAFE from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Zacks Investment Research upgraded AMERISAFE from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 11th.
AMERISAFE (AMSF) traded up 2.95% during midday trading on Friday, hitting $54.05. The stock had a trading volume of 56,686 shares. AMERISAFE has a 52-week low of $51.20 and a 52-week high of $69.40. The company’s 50 day moving average price is $55.78 and its 200-day moving average price is $58.22. The stock has a market cap of $1.04 billion, a PE ratio of 15.76 and a beta of 0.89.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, September 7th. This represents a $0.80 annualized dividend and a yield of 1.48%. AMERISAFE’s payout ratio is presently 23.32%.
In other AMERISAFE news, Director Randy Roach sold 500 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $56.90, for a total transaction of $28,450.00. Following the sale, the director now owns 8,399 shares in the company, valued at approximately $477,903.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.20% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of AMSF. Ameritas Investment Partners Inc. purchased a new stake in shares of AMERISAFE in the first quarter worth about $106,000. Flinton Capital Management LLC boosted its stake in shares of AMERISAFE by 53.7% in the second quarter. Flinton Capital Management LLC now owns 2,142 shares of the insurance provider’s stock worth $122,000 after buying an additional 748 shares during the last quarter. 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 last quarter. Pinebridge Investments L.P. boosted its stake in shares of AMERISAFE by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 2,534 shares of the insurance provider’s stock worth $144,000 after buying an additional 26 shares during the last quarter. Finally, US Bancorp DE boosted its stake in shares of AMERISAFE by 1.2% in the second quarter. US Bancorp DE now owns 2,540 shares of the insurance provider’s stock worth $145,000 after buying an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 99.51% of the company’s stock.
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AMERISAFE Company Profile
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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