Wall Street analysts expect AMERISAFE, Inc. (NASDAQ:AMSF) to post $92.63 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for AMERISAFE’s earnings. The lowest sales estimate is $92.46 million and the highest is $92.80 million. AMERISAFE reported sales of $100.03 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 7.4%. The company is expected to issue its next quarterly earnings report on Wednesday, February 28th.

According to Zacks, analysts expect that AMERISAFE will report full-year sales of $92.63 million for the current financial year, with estimates ranging from $373.00 million to $373.21 million. For the next financial year, analysts anticipate that the business will report sales of $364.25 million per share, with estimates ranging from $364.19 million to $364.30 million. Zacks’ sales averages are an average based on a survey of analysts that follow AMERISAFE.

AMERISAFE (NASDAQ:AMSF) last announced its earnings results on Wednesday, October 25th. The insurance provider reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.08. The company had revenue of $92.90 million during the quarter, compared to the consensus estimate of $92.04 million. AMERISAFE had a net margin of 17.07% and a return on equity of 13.92%. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.93 earnings per share.

AMSF has been the subject of several analyst reports. FBR & Co reiterated a “buy” rating on shares of AMERISAFE in a report on Wednesday, October 25th. B. Riley reiterated a “buy” rating on shares of AMERISAFE in a report on Monday, November 6th. SunTrust Banks reiterated a “buy” rating and issued a $69.00 target price on shares of AMERISAFE in a report on Friday, October 27th. Zacks Investment Research upgraded shares of AMERISAFE from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a report on Monday, September 18th. Finally, BidaskClub downgraded shares of AMERISAFE from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $66.00.

In related news, CEO G. Janelle Frost sold 1,728 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $66.74, for a total transaction of $115,326.72. Following the completion of the sale, the chief executive officer now owns 54,322 shares in the company, valued at $3,625,450.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.20% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Nisa Investment Advisors LLC boosted its position in AMERISAFE by 186.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 14,300 shares of the insurance provider’s stock worth $881,000 after purchasing an additional 9,300 shares during the period. Thomson Horstmann & Bryant Inc. boosted its position in AMERISAFE by 11.4% during the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 15,391 shares of the insurance provider’s stock worth $948,000 after purchasing an additional 1,575 shares during the period. GSA Capital Partners LLP boosted its position in AMERISAFE by 166.6% during the third quarter. GSA Capital Partners LLP now owns 34,131 shares of the insurance provider’s stock worth $1,986,000 after purchasing an additional 21,331 shares during the period. Sterling Capital Management LLC boosted its position in shares of AMERISAFE by 15.8% in the third quarter. Sterling Capital Management LLC now owns 31,779 shares of the insurance provider’s stock valued at $1,850,000 after acquiring an additional 4,340 shares during the period. Finally, Wolverine Trading LLC bought a new position in shares of AMERISAFE in the third quarter valued at approximately $206,000.

Shares of AMERISAFE (NASDAQ:AMSF) traded down $0.45 during mid-day trading on Tuesday, hitting $60.60. 114,900 shares of the stock traded hands, compared to its average volume of 98,356. The stock has a market capitalization of $1,180.00, a P/E ratio of 18.04 and a beta of 0.88. AMERISAFE has a 52 week low of $51.20 and a 52 week high of $69.40.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, December 14th were issued a dividend of $0.20 per share. The ex-dividend date was Wednesday, December 13th. This represents a $0.80 dividend on an annualized basis and a yield of 1.32%. AMERISAFE’s dividend payout ratio (DPR) is presently 23.81%.

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About AMERISAFE

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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Earnings History and Estimates for AMERISAFE (NASDAQ:AMSF)

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