Brokerages expect AmTrust Financial Services Inc (NASDAQ:AFSI) to report sales of $1.51 billion for the current fiscal quarter, Zacks reports. Three analysts have made estimates for AmTrust Financial Services’ earnings, with estimates ranging from $1.49 billion to $1.54 billion. AmTrust Financial Services posted sales of $1.41 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 7.1%. The business is expected to issue its next earnings results on Monday, March 12th.
According to Zacks, analysts expect that AmTrust Financial Services will report full year sales of $1.51 billion for the current year, with estimates ranging from $6.00 billion to $6.05 billion. For the next financial year, analysts expect that the company 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 averages are an average based on a survey of sell-side research analysts that cover AmTrust Financial Services.
Several research firms have recently weighed in on AFSI. Zacks Investment Research raised shares of AmTrust Financial Services from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Tuesday, February 13th. ValuEngine raised shares of AmTrust Financial Services from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. BidaskClub raised shares of AmTrust Financial Services from a “sell” rating to a “hold” rating in a research note on Tuesday, February 13th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $10.00 price target on shares of AmTrust Financial Services in a research note on Wednesday, December 6th. Finally, SunTrust Banks cut shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. AmTrust Financial Services presently has a consensus rating of “Hold” and an average target price of $14.29.
Shares of AmTrust Financial Services (AFSI) opened at $12.70 on Tuesday. AmTrust Financial Services has a one year low of $8.80 and a one year high of $22.63. The stock has a market cap of $2,490.00, a PE ratio of -39.69 and a beta of 1.34. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.53 and a current ratio of 0.53.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Monday, April 2nd will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $0.68 annualized dividend and a dividend yield of 5.35%. AmTrust Financial Services’s dividend payout ratio (DPR) is -212.50%.
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About AmTrust Financial Services
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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