AmTrust Financial Services, Inc. (AFSI) to Release Earnings on Wednesday
AmTrust Financial Services, Inc. (NASDAQ:AFSI) will release its earnings data after the market closes on Wednesday, November 1st. Analysts expect AmTrust Financial Services to post earnings of $0.33 per share for the quarter.
AmTrust Financial Services (NASDAQ:AFSI) last announced its quarterly earnings results on Tuesday, August 8th. The insurance provider reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.04. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.38 billion. AmTrust Financial Services had a net margin of 5.14% and a return on equity of 14.26%. AmTrust Financial Services’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.77 EPS. On average, analysts expect AmTrust Financial Services to post $1.24 EPS for the current fiscal year and $1.72 EPS for the next fiscal year.
Shares of AmTrust Financial Services, Inc. (AFSI) opened at 12.72 on Wednesday. The company’s 50 day moving average is $13.19 and its 200-day moving average is $14.15. AmTrust Financial Services, Inc. has a 52 week low of $11.36 and a 52 week high of $28.48. The stock has a market capitalization of $2.49 billion, a PE ratio of 12.36 and a beta of 1.24.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Monday, October 2nd were given a dividend of $0.17 per share. The ex-dividend date was Friday, September 29th. This represents a $0.68 annualized dividend and a yield of 5.35%. AmTrust Financial Services’s dividend payout ratio (DPR) is 51.13%.
Several analysts recently issued reports on AFSI shares. TheStreet lowered shares of AmTrust Financial Services from a “c” rating to a “d” rating in a research report on Wednesday, July 19th. Zacks Investment Research lowered shares of AmTrust Financial Services from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. JMP Securities assumed coverage on shares of AmTrust Financial Services in a research report on Friday, July 7th. They set an “outperform” rating and a $18.00 target price for the company. BidaskClub lowered shares of AmTrust Financial Services from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Finally, ValuEngine lowered shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $17.50.
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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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