Zacks: Analysts Expect AMERISAFE, Inc. (AMSF) Will Post Quarterly Sales of $92.63 Million
Equities analysts expect AMERISAFE, Inc. (NASDAQ:AMSF) to report $92.63 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for AMERISAFE’s earnings. The lowest sales estimate is $92.46 million and the highest is $92.80 million. AMERISAFE reported sales of $100.03 million in the same quarter last year, which would suggest a negative year over year growth rate of 7.4%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, February 28th.
According to Zacks, analysts expect that AMERISAFE will report full-year sales of $92.63 million for the current year, with estimates ranging from $373.21 million to $373.80 million. For the next year, analysts expect that the firm will post sales of $364.20 million per share, with estimates ranging from $364.19 million to $364.20 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow AMERISAFE.
AMERISAFE (NASDAQ:AMSF) last issued its earnings results on Wednesday, October 25th. The insurance provider reported $0.87 EPS for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $92.04 million. During the same quarter in the previous year, the company earned $0.93 EPS. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year.
Shares of AMERISAFE (AMSF) opened at $66.85 on Wednesday. AMERISAFE has a 52 week low of $51.20 and a 52 week high of $69.40. The company has a market cap of $1,286.46, a price-to-earnings ratio of 19.43 and a beta of 0.87.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 14th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, December 13th. This represents a $0.80 annualized dividend and a yield of 1.20%. AMERISAFE’s dividend payout ratio (DPR) is 23.81%.
In related news, CFO Neal Andrew Fuller sold 1,850 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $56.94, for a total transaction of $105,339.00. Following the transaction, the chief financial officer now owns 23,210 shares in the company, valued at approximately $1,321,577.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO G. Janelle Frost sold 1,728 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $66.74, for a total transaction of $115,326.72. Following the transaction, the chief executive officer now owns 54,322 shares in the company, valued at approximately $3,625,450.28. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Flinton Capital Management LLC lifted its position in AMERISAFE by 53.7% during the 2nd 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 in the last quarter. Pinebridge Investments L.P. lifted its position in AMERISAFE by 1.0% during the 2nd 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 in the last quarter. US Bancorp DE lifted its position in AMERISAFE by 1.2% during the 2nd quarter. US Bancorp DE now owns 2,540 shares of the insurance provider’s stock worth $145,000 after buying an additional 30 shares in the last quarter. Wolverine Trading LLC acquired a new position in AMERISAFE during the 3rd quarter worth about $206,000. Finally, Crossmark Global Holdings Inc. acquired a new position in AMERISAFE during the 3rd quarter worth about $227,000. Institutional investors and hedge funds own 99.53% 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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