Analysts forecast that Amerisafe, Inc. (NASDAQ:AMSF) will announce earnings per share of $0.76 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Amerisafe’s earnings, with the lowest EPS estimate coming in at $0.73 and the highest estimate coming in at $0.79. Amerisafe posted earnings per share of $1.01 in the same quarter last year, which would indicate a negative year over year growth rate of 24.8%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, October 23rd.
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 report earnings of $3.03 per share, with EPS estimates ranging from $2.80 to $3.25. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Amerisafe.
Amerisafe (NASDAQ:AMSF) last announced its earnings results on Wednesday, July 31st. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.13. Amerisafe had a return on equity of 17.23% and a net margin of 20.20%. The company had revenue of $91.19 million for the quarter, compared to analyst estimates of $92.22 million.
A number of equities analysts have issued reports on AMSF shares. BidaskClub raised Amerisafe from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. Boenning Scattergood reaffirmed a “hold” rating on shares of Amerisafe in a research report on Thursday, May 2nd. ValuEngine lowered Amerisafe from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, B. Riley set a $75.00 target price on Amerisafe and gave the company a “buy” rating in a research report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $73.00.
Shares of AMSF traded up $1.35 during trading on Friday, reaching $68.83. The company’s stock had a trading volume of 95,900 shares, compared to its average volume of 98,555. The company has a fifty day moving average of $65.20 and a two-hundred day moving average of $61.57. Amerisafe has a twelve month low of $50.46 and a twelve month high of $68.99. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 17.83 and a beta of 0.48.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be issued a $0.25 dividend. The ex-dividend date is Thursday, September 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.45%. Amerisafe’s dividend payout ratio (DPR) is 25.91%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Advisor Group Inc. increased its position in Amerisafe by 38.1% during the 4th quarter. Advisor Group Inc. now owns 1,370 shares of the insurance provider’s stock valued at $78,000 after purchasing an additional 378 shares during the period. Bank of America Corp DE increased its position in Amerisafe by 0.9% during the 4th quarter. Bank of America Corp DE now owns 109,092 shares of the insurance provider’s stock valued at $6,184,000 after purchasing an additional 973 shares during the period. Municipal Employees Retirement System of Michigan purchased a new position in Amerisafe during the 4th quarter valued at about $316,000. Amundi Pioneer Asset Management Inc. purchased a new position in Amerisafe during the 4th quarter valued at about $102,000. Finally, Legal & General Group Plc increased its position in Amerisafe by 0.4% during the 4th quarter. Legal & General Group Plc now owns 41,308 shares of the insurance provider’s stock valued at $2,335,000 after purchasing an additional 170 shares during the period.
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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