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

Equities research analysts expect AmTrust Financial Services Inc (NASDAQ:AFSI) to announce $1.51 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for AmTrust Financial Services’ earnings. The lowest sales estimate is $1.49 billion and the highest is $1.54 billion. AmTrust Financial Services reported sales of $1.41 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 7.1%. The firm is scheduled to issue its next quarterly 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 financial year, with estimates ranging from $6.00 billion to $6.05 billion. For the next year, analysts expect that the firm will post sales of $6.24 billion per share, with estimates ranging from $5.90 billion to $6.57 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for AmTrust Financial Services.

AmTrust Financial Services (NASDAQ:AFSI) last posted its quarterly earnings results on Wednesday, November 8th. The insurance provider reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the firm earned $0.47 EPS. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year.

AFSI has been the subject of a number of research reports. Zacks Investment Research upgraded AmTrust Financial Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 10th. FBR & Co cut AmTrust Financial Services from a “buy” rating to a “neutral” rating and set a $14.00 price objective for the company. in a research report on Tuesday, October 24th. B. Riley reiterated a “neutral” rating and set a $12.00 price objective on shares of AmTrust Financial Services in a research report on Monday, November 6th. SunTrust Banks reiterated a “buy” rating and set a $16.00 price objective on shares of AmTrust Financial Services in a research report on Friday, November 10th. Finally, JMP Securities cut AmTrust Financial Services from an “outperform” rating to a “market perform” rating in a research report on Monday, November 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $14.71.

AmTrust Financial Services (AFSI) traded down $0.02 during mid-day trading on Monday, hitting $12.68. The stock had a trading volume of 1,362,100 shares, compared to its average volume of 2,292,269. The stock has a market capitalization of $2,510.00, a PE ratio of -39.63 and a beta of 1.10. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. AmTrust Financial Services has a 52-week low of $8.80 and a 52-week high of $27.93.

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

In related news, SVP Ariel Gorelik purchased 2,962 shares of AmTrust Financial Services stock in a transaction on Wednesday, November 15th. The stock was acquired at an average price of $9.33 per share, for a total transaction of $27,635.46. Following the completion of the transaction, the senior vice president now directly owns 5,977 shares in the company, valued at approximately $55,765.41. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 50.80% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada boosted its stake in shares of AmTrust Financial Services by 20.3% in the second quarter. Royal Bank of Canada now owns 4,012,368 shares of the insurance provider’s stock worth $60,748,000 after acquiring an additional 676,537 shares during the period. State Street Corp boosted its stake in shares of AmTrust Financial Services by 54.1% in the second quarter. State Street Corp now owns 3,292,917 shares of the insurance provider’s stock worth $49,854,000 after acquiring an additional 1,156,431 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of AmTrust Financial Services by 32.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,698,536 shares of the insurance provider’s stock worth $36,324,000 after acquiring an additional 660,088 shares during the period. Northern Trust Corp boosted its stake in shares of AmTrust Financial Services by 93.7% in the second quarter. Northern Trust Corp now owns 1,304,835 shares of the insurance provider’s stock worth $19,755,000 after acquiring an additional 631,314 shares during the period. Finally, Boston Partners boosted its stake in shares of AmTrust Financial Services by 2.6% in the third quarter. Boston Partners now owns 1,262,810 shares of the insurance provider’s stock worth $16,997,000 after acquiring an additional 32,600 shares during the period. Institutional investors and hedge funds own 33.67% of the company’s stock.

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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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