Wall Street brokerages expect Amerisafe, Inc. (NASDAQ:AMSF) to announce sales of $93.62 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Amerisafe’s earnings, with the highest sales estimate coming in at $94.54 million and the lowest estimate coming in at $92.70 million. Amerisafe reported sales of $94.60 million during the same quarter last year, which would suggest a negative year over year growth rate of 1%. The firm is expected to issue its next earnings report after the market closes on Wednesday, May 1st.
On average, analysts expect that Amerisafe will report full year sales of $370.80 million for the current financial year, with estimates ranging from $365.60 million to $376.00 million. For the next financial year, analysts anticipate that the firm will report sales of $367.86 million, with estimates ranging from $356.50 million to $379.21 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Amerisafe.
Amerisafe (NASDAQ:AMSF) last announced its earnings results on Wednesday, February 27th. The insurance provider reported $1.07 EPS for the quarter, beating the consensus estimate of $0.84 by $0.23. Amerisafe had a return on equity of 17.07% and a net margin of 18.96%. The business had revenue of $97.08 million during the quarter, compared to the consensus estimate of $95.19 million.
AMSF has been the subject of several analyst reports. BidaskClub raised Amerisafe from a “strong sell” rating to a “sell” rating in a report on Thursday, March 28th. Zacks Investment Research raised Amerisafe from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a report on Tuesday, January 29th. Finally, ValuEngine downgraded Amerisafe from a “buy” rating to a “hold” rating in a report on Wednesday, January 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Amerisafe currently has an average rating of “Hold” and a consensus target price of $66.33.
Shares of NASDAQ AMSF opened at $58.71 on Friday. Amerisafe has a 12 month low of $50.46 and a 12 month high of $67.96. The firm has a market cap of $1.13 billion, a PE ratio of 15.21 and a beta of 0.51.
The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.70%. This is an increase from Amerisafe’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, March 7th. Amerisafe’s dividend payout ratio is currently 25.91%.
In related news, CEO G. Janelle Frost sold 1,691 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $61.50, for a total transaction of $103,996.50. Following the transaction, the chief executive officer now directly owns 57,912 shares of the company’s stock, valued at $3,561,588. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kathryn Housh Shirley sold 1,284 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $61.53, for a total value of $79,004.52. Following the transaction, the executive vice president now directly owns 10,569 shares in the company, valued at $650,310.57. The disclosure for this sale can be found here. Insiders have sold 3,553 shares of company stock worth $218,698 over the last three months. 1.80% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the stock. Legal & General Group Plc raised its position in Amerisafe by 0.4% during the fourth quarter. Legal & General Group Plc now owns 41,308 shares of the insurance provider’s stock valued at $2,335,000 after buying an additional 170 shares during the period. Public Employees Retirement System of Ohio raised its position in Amerisafe by 0.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 63,361 shares of the insurance provider’s stock valued at $3,592,000 after buying an additional 170 shares during the period. Neuburgh Advisers LLC raised its position in Amerisafe by 10.4% during the fourth quarter. Neuburgh Advisers LLC now owns 3,036 shares of the insurance provider’s stock valued at $172,000 after buying an additional 286 shares during the period. Thrivent Financial for Lutherans raised its position in Amerisafe by 2.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 13,814 shares of the insurance provider’s stock valued at $783,000 after buying an additional 303 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Amerisafe by 36.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,213 shares of the insurance provider’s stock valued at $69,000 after buying an additional 322 shares during the period.
Amerisafe Company Profile
AMERISAFE, Inc, an insurance holding company, underwrites 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 provides workers' compensation insurance for small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, agriculture, maritime, and oil and gas.
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