Analysts predict that Amerisafe, Inc. (NASDAQ:AMSF) will announce $92.52 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Amerisafe’s earnings. The highest sales estimate is $92.70 million and the lowest is $92.34 million. Amerisafe posted sales of $97.72 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 5.3%. The business is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, April 25th.
According to Zacks, analysts expect that Amerisafe will report full year sales of $369.08 million for the current financial year, with estimates ranging from $367.95 million to $370.20 million. For the next fiscal year, analysts anticipate that the company will report sales of $366.64 million per share, with estimates ranging from $364.77 million to $368.50 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Amerisafe.
Amerisafe (NASDAQ:AMSF) last posted its earnings results on Monday, February 26th. The insurance provider reported $0.69 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.13). The business had revenue of $94.94 million during the quarter, compared to the consensus estimate of $92.71 million. Amerisafe had a net margin of 12.32% and a return on equity of 12.69%. The business’s revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.04 EPS.
A number of analysts recently weighed in on the stock. BidaskClub cut shares of Amerisafe from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Boenning Scattergood reissued a “hold” rating on shares of Amerisafe in a research note on Tuesday, February 27th. ValuEngine raised shares of Amerisafe from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research cut shares of Amerisafe from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 6th. Finally, Keefe, Bruyette & Woods assumed coverage on shares of Amerisafe in a research note on Thursday, April 5th. They issued a “market perform” rating and a $54.00 target price on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Amerisafe has a consensus rating of “Hold” and a consensus target price of $63.00.
In other Amerisafe news, CEO G. Janelle Frost sold 7,500 shares of the business’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $55.53, for a total value of $416,475.00. Following the transaction, the chief executive officer now directly owns 69,322 shares in the company, valued at $3,849,450.66. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Vincent J. Gagliano sold 820 shares of the business’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $55.22, for a total transaction of $45,280.40. Following the completion of the transaction, the executive vice president now owns 16,680 shares in the company, valued at $921,069.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,432 shares of company stock worth $578,872. Company insiders own 2.20% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its position in shares of Amerisafe by 640.6% during the fourth quarter. Victory Capital Management Inc. now owns 756,815 shares of the insurance provider’s stock worth $46,620,000 after purchasing an additional 654,632 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of Amerisafe by 7.6% during the third quarter. Neuberger Berman Group LLC now owns 1,312,660 shares of the insurance provider’s stock worth $76,397,000 after purchasing an additional 92,819 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Amerisafe during the fourth quarter worth approximately $3,640,000. Millennium Management LLC lifted its position in shares of Amerisafe by 108.0% during the fourth quarter. Millennium Management LLC now owns 84,624 shares of the insurance provider’s stock worth $5,213,000 after purchasing an additional 43,937 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of Amerisafe by 1.7% during the fourth quarter. BlackRock Inc. now owns 2,372,325 shares of the insurance provider’s stock worth $146,135,000 after purchasing an additional 40,617 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.
NASDAQ AMSF remained flat at $$54.40 on Wednesday. 60,209 shares of the company were exchanged, compared to its average volume of 113,033. The company has a market capitalization of $1,046.98, a PE ratio of 17.66 and a beta of 0.83. Amerisafe has a twelve month low of $51.20 and a twelve month high of $67.82.
The company also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Friday, March 9th were given a $0.22 dividend. The ex-dividend date of this dividend was Thursday, March 8th. This is a positive change from Amerisafe’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 1.62%. Amerisafe’s payout ratio is 28.57%.
Amerisafe Company Profile
AMERISAFE, Inc, an insurance holding company, provides 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 serves small to mid-sized employers involved in construction, trucking, logging and lumber, manufacturing, agriculture, maritime, oil and gas, and other industries through agencies.
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