Wall Street analysts expect Amerisafe, Inc. (NASDAQ:AMSF) to announce earnings of $0.76 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Amerisafe’s earnings. The lowest EPS estimate is $0.73 and the highest is $0.79. Amerisafe reported earnings per share of $1.01 during the same quarter last year, which would suggest a negative year-over-year growth rate of 24.8%. The company is expected to issue its next earnings results after the market closes on Thursday, October 31st.
According to Zacks, analysts expect that Amerisafe will report full-year earnings of $3.37 per share for the current financial year, with EPS estimates ranging from $3.32 to $3.40. For the next financial year, analysts expect that the company will post earnings of $3.03 per share, with EPS estimates ranging from $2.80 to $3.25. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Amerisafe.
Amerisafe (NASDAQ:AMSF) last issued its earnings results on Wednesday, July 31st. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.13. Amerisafe had a net margin of 20.20% and a return on equity of 17.23%. The firm had revenue of $91.19 million for the quarter, compared to analysts’ expectations of $92.22 million.
Shares of NASDAQ AMSF opened at $64.97 on Friday. The firm’s 50-day moving average price is $66.59 and its two-hundred day moving average price is $63.38. Amerisafe has a 52-week low of $50.46 and a 52-week high of $69.97. The stock has a market capitalization of $1.23 billion, a P/E ratio of 16.83 and a beta of 0.46.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were issued a $0.25 dividend. The ex-dividend date was Thursday, September 5th. This represents a $1.00 dividend on an annualized basis and a yield of 1.54%. Amerisafe’s dividend payout ratio is currently 25.91%.
In other Amerisafe news, CFO Neal Andrew Fuller sold 2,872 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $66.30, for a total value of $190,413.60. Following the transaction, the chief financial officer now owns 18,353 shares of the company’s stock, valued at $1,216,803.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.70% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in AMSF. Acadian Asset Management LLC acquired a new stake in shares of Amerisafe in the 2nd quarter valued at $47,000. Quantamental Technologies LLC grew its holdings in shares of Amerisafe by 22.9% during the 2nd quarter. Quantamental Technologies LLC now owns 1,094 shares of the insurance provider’s stock valued at $70,000 after purchasing an additional 204 shares during the last quarter. Everence Capital Management Inc. bought a new stake in shares of Amerisafe during the 3rd quarter valued at approximately $200,000. Stone Ridge Asset Management LLC bought a new stake in shares of Amerisafe during the 2nd quarter valued at approximately $201,000. Finally, Man Group plc bought a new stake in shares of Amerisafe during the 2nd quarter valued at approximately $206,000.
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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