AMERISAFE, Inc. (AMSF) Expected to Post Earnings of $0.83 Per Share
Equities research analysts forecast that AMERISAFE, Inc. (NASDAQ:AMSF) will report earnings per share of $0.83 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for AMERISAFE’s earnings, with the highest EPS estimate coming in at $0.93 and the lowest estimate coming in at $0.77. AMERISAFE reported earnings per share of $1.04 during the same quarter last year, which suggests a negative year-over-year growth rate of 20.2%. The company is expected to announce its next quarterly earnings report on Wednesday, February 28th.
On average, analysts expect that AMERISAFE will report full-year earnings of $3.20 per share for the current financial year, with EPS estimates ranging from $3.15 to $3.25. For the next year, analysts anticipate that the company will post earnings of $3.05 per share, with EPS estimates ranging from $3.00 to $3.15. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover AMERISAFE.
AMERISAFE (NASDAQ:AMSF) last posted its earnings results on Wednesday, October 25th. The insurance provider reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.08. AMERISAFE had a net margin of 17.07% and a return on equity of 13.92%. The company had revenue of $92.90 million during the quarter, compared to analysts’ expectations of $92.04 million. During the same quarter in the prior year, the company posted $0.93 earnings per share. AMERISAFE’s revenue for the quarter was down 5.4% compared to the same quarter last year.
A number of equities research analysts recently commented on the stock. SunTrust Banks, Inc. reissued a “buy” rating and set a $69.00 target price on shares of AMERISAFE in a research report on Friday, October 27th. Boenning Scattergood reissued a “hold” rating on shares of AMERISAFE in a research report on Thursday, October 26th. FBR & Co reissued a “buy” rating on shares of AMERISAFE in a research report on Wednesday, October 25th. Zacks Investment Research upgraded shares of AMERISAFE from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research note on Monday, September 18th. Finally, BidaskClub lowered shares of AMERISAFE from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $66.00.
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AMERISAFE (NASDAQ AMSF) traded up $1.40 during trading hours on Friday, reaching $66.00. 111,448 shares of the company were exchanged, compared to its average volume of 74,939. The company has a market cap of $1.27 billion, a PE ratio of 19.17 and a beta of 0.89.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 14th will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, December 13th. This represents a $0.80 dividend on an annualized basis and a yield of 1.21%. AMERISAFE’s payout ratio is 23.81%.
In other news, Director Randy Roach sold 500 shares of the stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $56.90, for a total value of $28,450.00. Following the sale, the director now owns 8,399 shares in the company, valued at $477,903.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Neal Andrew Fuller sold 1,850 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $56.94, for a total transaction of $105,339.00. Following the completion of the sale, the chief financial officer now owns 23,210 shares in the company, valued at approximately $1,321,577.40. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.
Several large investors have recently added to or reduced their stakes in AMSF. BlackRock Inc. increased its stake in shares of AMERISAFE by 90,634.5% in the first quarter. BlackRock Inc. now owns 2,254,752 shares of the insurance provider’s stock worth $146,333,000 after acquiring an additional 2,252,267 shares during the period. Voya Investment Management LLC increased its stake in shares of AMERISAFE by 691.1% in the second quarter. Voya Investment Management LLC now owns 313,243 shares of the insurance provider’s stock worth $17,839,000 after acquiring an additional 273,645 shares during the period. American Century Companies Inc. acquired a new stake in shares of AMERISAFE in the second quarter worth $12,471,000. TimesSquare Capital Management LLC increased its stake in shares of AMERISAFE by 64.8% in the second quarter. TimesSquare Capital Management LLC now owns 545,380 shares of the insurance provider’s stock worth $31,059,000 after acquiring an additional 214,400 shares during the period. Finally, Neuberger Berman Group LLC increased its stake in shares of AMERISAFE by 19.9% in the second quarter. Neuberger Berman Group LLC now owns 1,219,841 shares of the insurance provider’s stock worth $69,470,000 after acquiring an additional 202,379 shares during the period. Hedge funds and other institutional investors own 99.63% of the company’s stock.
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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