Equities research analysts expect that Amerisafe, Inc. (NASDAQ:AMSF) will report sales of $92.71 million for the current quarter, Zacks reports. Two analysts have provided estimates for Amerisafe’s earnings, with estimates ranging from $92.61 million to $92.80 million. Amerisafe reported sales of $100.03 million in the same quarter last year, which indicates a negative year over year growth rate of 7.3%. The business is expected to announce its next earnings results after the market closes on Monday, February 26th.
On average, analysts expect that Amerisafe will report full year sales of $92.71 million for the current year, with estimates ranging from $372.88 million to $373.00 million. For the next financial year, analysts forecast that the firm will report sales of $364.55 million per share, with estimates ranging from $364.30 million to $364.79 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Amerisafe.
Several analysts recently issued reports on the stock. Boenning Scattergood reiterated a “hold” rating on shares of Amerisafe in a research report on Thursday, October 26th. FBR & Co reiterated a “buy” rating on shares of Amerisafe in a research report on Wednesday, October 25th. B. Riley restated a “buy” rating on shares of Amerisafe in a research report on Monday, November 6th. BidaskClub lowered shares of Amerisafe from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, SunTrust Banks restated a “buy” rating and issued a $69.00 target price on shares of Amerisafe in a research report on Friday, October 27th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $66.00.
In other Amerisafe news, CEO G. Janelle Frost sold 1,728 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $66.74, for a total value of $115,326.72. Following the sale, the chief executive officer now owns 54,322 shares in the company, valued at $3,625,450.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.20% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its stake in shares of Amerisafe by 0.9% during the second quarter. BlackRock Inc. now owns 2,275,948 shares of the insurance provider’s stock valued at $129,615,000 after acquiring an additional 21,196 shares during the last quarter. Neuberger Berman Group LLC raised its stake in shares of Amerisafe by 7.6% during the third quarter. Neuberger Berman Group LLC now owns 1,312,660 shares of the insurance provider’s stock valued at $76,397,000 after acquiring an additional 92,819 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Amerisafe by 640.6% during the fourth quarter. Victory Capital Management Inc. now owns 756,815 shares of the insurance provider’s stock valued at $46,620,000 after acquiring an additional 654,632 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Amerisafe by 13.1% during the second quarter. Goldman Sachs Group Inc. now owns 559,157 shares of the insurance provider’s stock valued at $31,844,000 after acquiring an additional 64,955 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Amerisafe by 1.8% during the second quarter. State Street Corp now owns 487,661 shares of the insurance provider’s stock valued at $27,771,000 after acquiring an additional 8,645 shares during the last quarter. Hedge funds and other institutional investors own 99.65% of the company’s stock.
TRADEMARK VIOLATION WARNING: “$92.71 Million in Sales Expected for Amerisafe, Inc. (AMSF) This Quarter” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this story on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://www.americanbankingnews.com/2018/02/02/92-71-million-in-sales-expected-for-amerisafe-inc-amsf-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Amerisafe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amerisafe and related companies with MarketBeat.com's FREE daily email newsletter.