AMERISAFE, Inc. (AMSF) Expected to Post Earnings of $0.78 Per Share
Equities research analysts forecast that AMERISAFE, Inc. (NASDAQ:AMSF) will report $0.78 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for AMERISAFE’s earnings, with the lowest EPS estimate coming in at $0.72 and the highest estimate coming in at $0.84. AMERISAFE reported earnings per share of $0.93 in the same quarter last year, which suggests a negative year over year growth rate of 16.1%. The company is scheduled to report its next quarterly earnings report on Wednesday, October 25th.
According to Zacks, analysts expect that AMERISAFE will report full year earnings of $3.10 per share for the current year, with EPS estimates ranging from $2.95 to $3.25. For the next year, analysts anticipate that the business will post earnings of $3.08 per share, with EPS estimates ranging from $2.90 to $3.25. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for AMERISAFE.
AMERISAFE (NASDAQ:AMSF) last announced its quarterly earnings data on Thursday, July 27th. The insurance provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.05. AMERISAFE had a return on equity of 14.04% and a net margin of 17.17%. The business had revenue of $89.93 million during the quarter, compared to the consensus estimate of $92.33 million. During the same period in the prior year, the company earned $0.85 EPS. AMERISAFE’s revenue for the quarter was down 7.8% on a year-over-year basis.
Several research firms recently commented on AMSF. BidaskClub upgraded AMERISAFE from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Zacks Investment Research upgraded AMERISAFE from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Friday, September 1st.
In other AMERISAFE news, Director Randy Roach sold 500 shares of AMERISAFE stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $56.90, for a total transaction of $28,450.00. Following the completion of the sale, the director now owns 8,399 shares of the company’s stock, valued at $477,903.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.20% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Ameritas Investment Partners Inc. bought a new stake in AMERISAFE during the first quarter worth about $106,000. State of Alaska Department of Revenue lifted its stake in AMERISAFE by 1.9% during the first quarter. State of Alaska Department of Revenue now owns 2,120 shares of the insurance provider’s stock worth $137,000 after purchasing an additional 40 shares during the last quarter. Flinton Capital Management LLC lifted its stake in AMERISAFE by 53.7% during the second quarter. Flinton Capital Management LLC now owns 2,142 shares of the insurance provider’s stock worth $122,000 after purchasing an additional 748 shares during the last quarter. US Bancorp DE lifted its stake in AMERISAFE by 8.8% during the first quarter. US Bancorp DE now owns 2,510 shares of the insurance provider’s stock worth $162,000 after purchasing an additional 202 shares during the last quarter. Finally, Pinebridge Investments L.P. lifted its stake in AMERISAFE by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 2,534 shares of the insurance provider’s stock worth $144,000 after purchasing an additional 26 shares during the last quarter. 99.51% of the stock is owned by hedge funds and other institutional investors.
Shares of AMERISAFE (NASDAQ:AMSF) traded up 2.95% during mid-day trading on Friday, hitting $54.05. The company had a trading volume of 56,686 shares. The company’s 50-day moving average is $55.86 and its 200 day moving average is $58.25. The company has a market capitalization of $1.04 billion, a PE ratio of 15.76 and a beta of 0.89. AMERISAFE has a one year low of $51.20 and a one year high of $69.40.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.48%. The ex-dividend date is Thursday, September 7th. AMERISAFE’s dividend payout ratio (DPR) is currently 23.32%.
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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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