$92.71 Million in Sales Expected for Amerisafe, Inc. (AMSF) This Quarter

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.

Shares of Amerisafe (NASDAQ:AMSF) opened at $60.95 on Friday. The stock has a market cap of $1,180.00, a P/E ratio of 18.20 and a beta of 0.88. Amerisafe has a 52-week low of $51.20 and a 52-week high of $69.40.

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.

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About Amerisafe

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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Earnings History and Estimates for Amerisafe (NASDAQ:AMSF)

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