Brokerages Expect AmTrust Financial Services, Inc. (AFSI) to Announce $0.27 EPS
Equities research analysts expect AmTrust Financial Services, Inc. (NASDAQ:AFSI) to announce earnings per share (EPS) of $0.27 for the current quarter, Zacks reports. Three analysts have provided estimates for AmTrust Financial Services’ earnings, with estimates ranging from $0.25 to $0.29. AmTrust Financial Services reported earnings of $0.38 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 28.9%. The business is scheduled to announce its next earnings results on Monday, February 26th.
According to Zacks, analysts expect that AmTrust Financial Services will report full year earnings of $0.94 per share for the current financial year, with EPS estimates ranging from $0.91 to $0.97. For the next financial year, analysts forecast that the business will report earnings of $1.35 per share, with EPS estimates ranging from $1.30 to $1.45. Zacks’ EPS averages are a mean average based on a survey of analysts that cover AmTrust Financial Services.
AmTrust Financial Services (NASDAQ:AFSI) last posted its earnings results on Wednesday, November 8th. The insurance provider reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.37). AmTrust Financial Services had a net margin of 0.49% and a return on equity of 9.07%. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the business earned $0.47 earnings per share. AmTrust Financial Services’s revenue was up 4.3% on a year-over-year basis.
AFSI has been the topic of a number of analyst reports. FBR & Co cut AmTrust Financial Services from a “buy” rating to a “neutral” rating and set a $14.00 target price on the stock. in a research report on Tuesday, October 24th. Zacks Investment Research cut AmTrust Financial Services from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. ValuEngine cut AmTrust Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. TheStreet cut AmTrust Financial Services from a “c” rating to a “d” rating in a research report on Wednesday, July 19th. Finally, BidaskClub lowered shares of AmTrust Financial Services from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $16.33.
A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in AmTrust Financial Services by 33.6% in the 1st quarter. Vanguard Group Inc. now owns 8,667,061 shares of the insurance provider’s stock valued at $159,994,000 after buying an additional 2,181,846 shares in the last quarter. Royal Bank of Canada lifted its stake in AmTrust Financial Services by 20.3% in the 2nd quarter. Royal Bank of Canada now owns 4,012,368 shares of the insurance provider’s stock worth $60,748,000 after purchasing an additional 676,537 shares in the last quarter. State Street Corp lifted its stake in AmTrust Financial Services by 54.1% in the 2nd quarter. State Street Corp now owns 3,292,917 shares of the insurance provider’s stock worth $49,854,000 after purchasing an additional 1,156,431 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in AmTrust Financial Services by 32.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,698,536 shares of the insurance provider’s stock worth $36,324,000 after purchasing an additional 660,088 shares in the last quarter. Finally, Denver Investment Advisors LLC lifted its stake in AmTrust Financial Services by 47.7% in the 2nd quarter. Denver Investment Advisors LLC now owns 2,262,970 shares of the insurance provider’s stock worth $34,261,000 after purchasing an additional 731,249 shares in the last quarter. 34.72% of the stock is currently owned by hedge funds and other institutional investors.
AmTrust Financial Services (NASDAQ:AFSI) traded down $0.60 during trading hours on Friday, hitting $10.30. The stock had a trading volume of 2,350,100 shares, compared to its average volume of 2,031,966. AmTrust Financial Services has a 52-week low of $10.27 and a 52-week high of $28.48. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market cap of $2,019.07, a PE ratio of 9.72 and a beta of 1.20.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 6.60%. The ex-dividend date of this dividend is Friday, December 29th. AmTrust Financial Services’s dividend payout ratio is presently -424.97%.
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AmTrust Financial Services Company Profile
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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