Zacks: Brokerages Anticipate AmTrust Financial Services Inc (AFSI) Will Announce Earnings of $0.24 Per Share

Equities research analysts expect that AmTrust Financial Services Inc (NASDAQ:AFSI) will announce earnings of $0.24 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for AmTrust Financial Services’ earnings, with the highest EPS estimate coming in at $0.28 and the lowest estimate coming in at $0.20. AmTrust Financial Services posted earnings per share of $0.38 during the same quarter last year, which suggests a negative year-over-year growth rate of 36.8%. The business is expected to announce its next quarterly earnings results on Monday, February 26th.

According to Zacks, analysts expect that AmTrust Financial Services will report full-year earnings of $0.91 per share for the current year, with EPS estimates ranging from $0.89 to $0.94. For the next year, analysts forecast that the company will report earnings of $1.42 per share, with EPS estimates ranging from $1.30 to $1.65. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that cover AmTrust Financial Services.

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

A number of analysts have weighed in on the company. FBR & Co downgraded AmTrust Financial Services from a “buy” rating to a “neutral” rating and set a $14.00 price target for the company. in a report on Tuesday, October 24th. Zacks Investment Research upgraded AmTrust Financial Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 10th. BidaskClub upgraded AmTrust Financial Services from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. ValuEngine downgraded AmTrust Financial Services from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, SunTrust Banks reiterated a “buy” rating and set a $16.00 price target on shares of AmTrust Financial Services in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. AmTrust Financial Services has a consensus rating of “Hold” and a consensus price target of $14.71.

In related news, SVP Ariel Gorelik acquired 2,962 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were bought at an average price of $9.33 per share, with a total value of $27,635.46. Following the transaction, the senior vice president now directly owns 5,977 shares of the company’s stock, valued at $55,765.41. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 50.80% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in AFSI. Commerzbank Aktiengesellschaft FI bought a new position in shares of AmTrust Financial Services during the 3rd quarter worth about $135,000. Sapphire Star Partners LP bought a new position in AmTrust Financial Services in the 3rd quarter valued at about $153,000. Paragon Capital Management Ltd bought a new position in AmTrust Financial Services in the 3rd quarter valued at about $165,000. Symons Capital Management Inc. bought a new position in AmTrust Financial Services in the 3rd quarter valued at about $172,000. Finally, Raymond James Financial Services Advisors Inc. lifted its position in AmTrust Financial Services by 4.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 13,181 shares of the insurance provider’s stock valued at $200,000 after acquiring an additional 506 shares in the last quarter. 33.68% of the stock is currently owned by institutional investors.

Shares of AmTrust Financial Services (AFSI) opened at $12.68 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.46. AmTrust Financial Services has a 1-year low of $8.80 and a 1-year high of $27.93. The firm has a market capitalization of $2,490.00, a PE ratio of -39.63 and a beta of 1.10.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd were given a dividend of $0.17 per share. The ex-dividend date was Friday, December 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.36%. AmTrust Financial Services’s dividend payout ratio (DPR) is presently -212.50%.

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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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