Equities analysts forecast that Amerisafe, Inc. (NASDAQ:AMSF) will report $92.22 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Amerisafe’s earnings, with the highest sales estimate coming in at $92.43 million and the lowest estimate coming in at $92.00 million. Amerisafe posted sales of $96.42 million during the same quarter last year, which suggests a negative year-over-year growth rate of 4.4%. The company is scheduled to issue its next earnings results on Wednesday, August 7th.
According to Zacks, analysts expect that Amerisafe will report full-year sales of $368.28 million for the current year, with estimates ranging from $366.70 million to $369.85 million. For the next fiscal year, analysts anticipate that the company will report sales of $364.07 million, with estimates ranging from $356.70 million to $371.44 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Amerisafe.
Amerisafe (NASDAQ:AMSF) last issued its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.14. The firm had revenue of $92.97 million for the quarter, compared to analyst estimates of $93.62 million. Amerisafe had a return on equity of 17.34% and a net margin of 19.76%.
AMSF has been the topic of a number of research analyst reports. Zacks Investment Research raised Amerisafe from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research note on Tuesday, January 29th. ValuEngine raised Amerisafe from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Finally, BidaskClub raised Amerisafe from a “hold” rating to a “buy” rating in a research note on Tuesday, February 12th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Amerisafe presently has an average rating of “Hold” and an average price target of $66.33.
In other Amerisafe news, EVP Kathryn Housh Shirley sold 1,284 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $61.53, for a total transaction of $79,004.52. Following the transaction, the executive vice president now owns 10,569 shares of the company’s stock, valued at $650,310.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Neal Andrew Fuller sold 578 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $61.76, for a total value of $35,697.28. Following the transaction, the chief financial officer now directly owns 20,341 shares in the company, valued at approximately $1,256,260.16. The disclosure for this sale can be found here. Insiders have sold 3,553 shares of company stock worth $218,698 in the last three months. 1.70% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Cresset Asset Management LLC purchased a new stake in Amerisafe during the 1st quarter worth about $47,000. Quadrant Capital Group LLC increased its position in shares of Amerisafe by 1,492.2% in the 1st quarter. Quadrant Capital Group LLC now owns 812 shares of the insurance provider’s stock worth $46,000 after purchasing an additional 761 shares during the last quarter. Quantamental Technologies LLC bought a new position in shares of Amerisafe in the 4th quarter worth about $51,000. Oppenheimer Asset Management Inc. acquired a new stake in Amerisafe during the fourth quarter worth about $57,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Amerisafe by 36.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,213 shares of the insurance provider’s stock worth $69,000 after acquiring an additional 322 shares during the period.
Shares of NASDAQ:AMSF traded down $0.81 during trading on Tuesday, reaching $59.37. The stock had a trading volume of 575 shares, compared to its average volume of 51,158. The firm has a market capitalization of $1.15 billion, a PE ratio of 15.34 and a beta of 0.50. Amerisafe has a 1-year low of $50.46 and a 1-year high of $67.96.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Thursday, June 6th. Amerisafe’s dividend payout ratio (DPR) is currently 25.91%.
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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