Wall Street brokerages predict that Amerisafe, Inc. (NASDAQ:AMSF) will post $0.73 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Amerisafe’s earnings, with the lowest EPS estimate coming in at $0.64 and the highest estimate coming in at $0.81. Amerisafe posted earnings of $0.71 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.8%. The business is scheduled to issue its next earnings report after the market closes on Wednesday, April 25th.
According to Zacks, analysts expect that Amerisafe will report full-year earnings of $3.22 per share for the current financial year, with EPS estimates ranging from $2.75 to $3.60. For the next year, analysts forecast that the firm will post earnings of $3.17 per share, with EPS estimates ranging from $2.80 to $3.55. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Amerisafe.
Amerisafe (NASDAQ:AMSF) last announced its earnings results on Monday, February 26th. The insurance provider reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.13). Amerisafe had a return on equity of 12.69% and a net margin of 12.32%. The business had revenue of $94.94 million for the quarter, compared to analyst estimates of $92.71 million. During the same quarter last year, the company posted $1.04 EPS. Amerisafe’s quarterly revenue was down 3.7% on a year-over-year basis.
Several research analysts recently issued reports on AMSF shares. BidaskClub cut shares of Amerisafe from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Boenning Scattergood reissued a “hold” rating on shares of Amerisafe in a report on Tuesday, February 27th. ValuEngine raised shares of Amerisafe from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research cut shares of Amerisafe from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 6th. Finally, TheStreet cut shares of Amerisafe from a “b” rating to a “c+” rating in a report on Thursday, March 22nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $63.00.
In other Amerisafe news, EVP Vincent J. Gagliano sold 820 shares of the stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $55.22, for a total value of $45,280.40. Following the completion of the transaction, the executive vice president now directly owns 16,680 shares of the company’s stock, valued at $921,069.60. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO G. Janelle Frost sold 7,500 shares of the stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $55.53, for a total transaction of $416,475.00. Following the completion of the transaction, the chief executive officer now directly owns 69,322 shares of the company’s stock, valued at $3,849,450.66. The disclosure for this sale can be found here. Insiders have sold 10,432 shares of company stock valued at $578,872 over the last three months. 2.20% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of AMSF. Russell Investments Group Ltd. increased its holdings in Amerisafe by 40.7% in the third quarter. Russell Investments Group Ltd. now owns 105,851 shares of the insurance provider’s stock valued at $6,161,000 after buying an additional 30,629 shares in the last quarter. American International Group Inc. increased its holdings in Amerisafe by 5.8% in the third quarter. American International Group Inc. now owns 15,152 shares of the insurance provider’s stock valued at $882,000 after buying an additional 824 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Amerisafe by 63.6% in the third quarter. JPMorgan Chase & Co. now owns 20,194 shares of the insurance provider’s stock valued at $1,171,000 after buying an additional 7,854 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Amerisafe by 4.3% in the third quarter. Wells Fargo & Company MN now owns 94,885 shares of the insurance provider’s stock valued at $5,522,000 after buying an additional 3,939 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in Amerisafe by 5.7% in the third quarter. Schwab Charles Investment Management Inc. now owns 85,245 shares of the insurance provider’s stock valued at $4,962,000 after buying an additional 4,613 shares in the last quarter.
NASDAQ AMSF traded up $0.90 during trading hours on Monday, hitting $55.30. 46,437 shares of the stock were exchanged, compared to its average volume of 92,348. The stock has a market capitalization of $1,046.98, a P/E ratio of 17.97 and a beta of 0.83. Amerisafe has a 12-month low of $51.20 and a 12-month high of $67.82.
The company also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Friday, March 9th were issued a dividend of $0.22 per share. This is a boost from Amerisafe’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 1.59%. The ex-dividend date was Thursday, March 8th. Amerisafe’s dividend payout ratio is currently 28.57%.
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AMERISAFE, Inc, an insurance holding company, provides workers' compensation insurance in the United States. Its workers' compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. The company serves small to mid-sized employers involved in construction, trucking, logging and lumber, manufacturing, agriculture, maritime, oil and gas, and other industries through agencies.
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