$1.51 Billion in Sales Expected for AmTrust Financial Services Inc (AFSI) This Quarter

Wall Street brokerages predict that AmTrust Financial Services Inc (NASDAQ:AFSI) will report $1.51 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for AmTrust Financial Services’ earnings, with the highest sales estimate coming in at $1.54 billion and the lowest estimate coming in at $1.49 billion. AmTrust Financial Services reported sales of $1.41 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 7.1%. The company is scheduled to report its next earnings results on Monday, February 26th.

On average, analysts expect that AmTrust Financial Services will report full-year sales of $1.51 billion for the current fiscal year, with estimates ranging from $6.00 billion to $6.05 billion. For the next financial year, analysts expect that the company will report sales of $6.24 billion per share, with estimates ranging from $5.90 billion to $6.57 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for AmTrust Financial Services.

AmTrust Financial Services (NASDAQ:AFSI) last issued its quarterly earnings results on Wednesday, November 8th. The insurance provider reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.37). The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.29 billion. AmTrust Financial Services had a return on equity of 9.07% and a net margin of 0.49%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 earnings per share.

AFSI has been the subject of a number of recent research reports. BidaskClub lowered AmTrust Financial Services from a “hold” rating to a “sell” rating in a report on Friday, August 11th. JMP Securities cut AmTrust Financial Services from an “outperform” rating to a “market perform” rating in a research note on Monday, November 13th. B. Riley reissued a “neutral” rating and set a $12.00 price target on shares of AmTrust Financial Services in a report on Monday, November 6th. Zacks Investment Research raised AmTrust Financial Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, ValuEngine downgraded AmTrust Financial Services from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $16.33.

In other AmTrust Financial Services news, SVP Ariel Gorelik purchased 2,962 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were bought at an average price of $9.33 per share, for a total transaction of $27,635.46. Following the purchase, the senior vice president now owns 5,977 shares in the company, valued at approximately $55,765.41. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 50.80% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Commerzbank Aktiengesellschaft FI bought a new stake in AmTrust Financial Services in the 3rd quarter valued at about $135,000. Sapphire Star Partners LP bought a new stake in AmTrust Financial Services during the 3rd quarter worth approximately $153,000. Paragon Capital Management Ltd bought a new stake in AmTrust Financial Services during the 3rd quarter worth approximately $165,000. Symons Capital Management Inc. bought a new stake in AmTrust Financial Services during the 3rd quarter worth approximately $172,000. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in AmTrust Financial Services by 4.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 13,181 shares of the insurance provider’s stock worth $200,000 after purchasing an additional 506 shares in the last quarter. 33.47% of the stock is owned by hedge funds and other institutional investors.

Shares of AmTrust Financial Services (NASDAQ AFSI) opened at $9.64 on Friday. The stock has a market capitalization of $1,860.29, a PE ratio of 8.95 and a beta of 1.20. AmTrust Financial Services has a fifty-two week low of $8.80 and a fifty-two week high of $28.48. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.46.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.68 annualized dividend and a dividend yield of 7.05%. AmTrust Financial Services’s payout ratio is -424.97%.

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AmTrust Financial Services Company Profile

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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