Analysts expect that AmTrust Financial Services, Inc. (NASDAQ:AFSI) will report $1.52 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for AmTrust Financial Services’ earnings, with the highest sales estimate coming in at $1.55 billion and the lowest estimate coming in at $1.50 billion. AmTrust Financial Services reported sales of $1.40 billion in the same quarter last year, which indicates a positive year over year growth rate of 8.6%. The company is scheduled to announce its next earnings report on Thursday, November 2nd.

On average, analysts expect that AmTrust Financial Services will report full-year sales of $1.52 billion for the current financial year, with estimates ranging from $6.06 billion to $6.10 billion. For the next year, analysts expect that the firm will post sales of $6.52 billion per share, with estimates ranging from $6.23 billion to $6.81 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover AmTrust Financial Services.

AmTrust Financial Services (NASDAQ:AFSI) last issued its quarterly earnings results on Tuesday, August 8th. The insurance provider reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.04. AmTrust Financial Services had a net margin of 5.14% and a return on equity of 14.26%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the company earned $0.77 EPS. AmTrust Financial Services’s revenue was up 8.2% on a year-over-year basis.

AFSI has been the subject of a number of analyst reports. TheStreet cut AmTrust Financial Services from a “c” rating to a “d” rating in a report on Wednesday, July 19th. FBR & Co reissued an “outperform” rating and set a $22.00 price objective (up from $16.00) on shares of AmTrust Financial Services in a report on Friday, June 9th. JMP Securities initiated coverage on AmTrust Financial Services in a report on Friday, July 7th. They set an “outperform” rating and a $18.00 price objective for the company. BidaskClub cut AmTrust Financial Services from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Finally, ValuEngine cut AmTrust Financial Services from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $19.50.

Shares of AmTrust Financial Services (NASDAQ:AFSI) opened at 13.57 on Thursday. The firm has a 50-day moving average of $13.01 and a 200-day moving average of $14.67. AmTrust Financial Services has a one year low of $11.36 and a one year high of $28.48. The firm has a market capitalization of $2.66 billion, a P/E ratio of 13.19 and a beta of 1.24.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be paid a $0.17 dividend. The ex-dividend date is Friday, September 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.04%. AmTrust Financial Services’s dividend payout ratio (DPR) is presently 51.13%.

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Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of AmTrust Financial Services by 33.6% in the first quarter. Vanguard Group Inc. now owns 8,667,061 shares of the insurance provider’s stock valued at $159,994,000 after buying an additional 2,181,846 shares in the last quarter. Royal Bank of Canada increased its stake in shares of AmTrust Financial Services by 20.3% in the second quarter. Royal Bank of Canada now owns 4,012,368 shares of the insurance provider’s stock valued at $60,748,000 after buying an additional 676,537 shares in the last quarter. State Street Corp increased its stake in shares of AmTrust Financial Services by 54.1% in the second quarter. State Street Corp now owns 3,292,917 shares of the insurance provider’s stock valued at $49,854,000 after buying an additional 1,156,431 shares in the last quarter. Denver Investment Advisors LLC increased its stake in shares of AmTrust Financial Services by 47.7% in the second quarter. Denver Investment Advisors LLC now owns 2,262,970 shares of the insurance provider’s stock valued at $34,261,000 after buying an additional 731,249 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of AmTrust Financial Services by 11.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,037,464 shares of the insurance provider’s stock valued at $37,612,000 after buying an additional 215,905 shares in the last quarter. Institutional investors own 36.82% of the company’s stock.

About AmTrust Financial Services

Amtrust Financial Services, Inc (AmTrust) is an insurance holding company. The Company, through its subsidiaries, provides specialty property and casualty insurance focusing on workers’ compensation and commercial package coverage for small business, specialty risk and extended warranty coverage, and property and casualty coverage for middle market business.

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Earnings History and Estimates for AmTrust Financial Services (NASDAQ:AFSI)

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