Wall Street brokerages expect that AmTrust Financial Services Inc (NASDAQ:AFSI) will report sales of $1.51 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for AmTrust Financial Services’ earnings. The highest sales estimate is $1.54 billion and the lowest is $1.49 billion. AmTrust Financial Services reported sales of $1.41 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 7.1%. The firm is expected to report its next earnings report on Monday, February 26th.
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 fiscal year, analysts anticipate that the company will post sales of $6.24 billion per share, with estimates ranging from $5.90 billion to $6.57 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover AmTrust Financial Services.
Several research firms have recently commented on AFSI. ValuEngine lowered AmTrust Financial Services from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research lowered AmTrust Financial Services from a “buy” rating to a “hold” rating in a report on Monday, February 19th. BidaskClub lowered shares of AmTrust Financial Services from a “hold” rating to a “sell” rating in a report on Saturday. Compass Point lowered shares of AmTrust Financial Services from a “buy” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a report on Monday. Finally, B. Riley restated a “neutral” rating and issued a $12.00 price objective on shares of AmTrust Financial Services in a report on Monday, November 6th. 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’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $14.29.
AmTrust Financial Services (NASDAQ:AFSI) traded up $0.10 during midday trading on Friday, hitting $12.45. The stock had a trading volume of 561,436 shares, compared to its average volume of 1,160,000. AmTrust Financial Services has a fifty-two week low of $8.80 and a fifty-two week high of $26.00. 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 stock has a market cap of $2,440.00, a price-to-earnings ratio of -38.91 and a beta of 1.28.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $0.68 annualized dividend and a yield of 5.46%. AmTrust Financial Services’s dividend payout ratio (DPR) is currently -212.50%.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. raised its holdings 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 buying an additional 506 shares during the period. Voya Investment Management LLC raised its holdings in AmTrust Financial Services by 24.8% in the 2nd quarter. Voya Investment Management LLC now owns 38,324 shares of the insurance provider’s stock valued at $580,000 after buying an additional 7,615 shares during the period. First Trust Advisors LP raised its holdings in AmTrust Financial Services by 2.4% in the 4th quarter. First Trust Advisors LP now owns 323,960 shares of the insurance provider’s stock valued at $3,262,000 after buying an additional 7,718 shares during the period. Empire Life Investments Inc. grew its position in AmTrust Financial Services by 31.2% in the 4th quarter. Empire Life Investments Inc. now owns 33,468 shares of the insurance provider’s stock valued at $337,000 after acquiring an additional 7,962 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in AmTrust Financial Services by 8.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 101,638 shares of the insurance provider’s stock valued at $1,539,000 after acquiring an additional 8,107 shares in the last quarter. Hedge funds and other institutional investors own 31.18% of the company’s stock.
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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