AmTrust Financial Services, Inc. (NASDAQ:AFSI) Set to Announce Earnings on Tuesday
AmTrust Financial Services, Inc. (NASDAQ:AFSI) is scheduled to be releasing its earnings data after the market closes on Tuesday, August 8th. Analysts expect AmTrust Financial Services to post earnings of $0.36 per share for the quarter.
AmTrust Financial Services (NASDAQ:AFSI) last announced its quarterly earnings data on Monday, May 8th. The insurance provider reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.32. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.35 billion. AmTrust Financial Services had a return on equity of 17.24% and a net margin of 7.55%. AmTrust Financial Services’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.77 EPS. On average, analysts expect AmTrust Financial Services to post $1.67 EPS for the current fiscal year and $2.03 EPS for the next fiscal year.
Shares of AmTrust Financial Services, Inc. (NASDAQ:AFSI) opened at 15.87 on Monday. The firm has a 50-day moving average of $15.03 and a 200-day moving average of $18.40. The stock has a market cap of $2.72 billion, a PE ratio of 9.10 and a beta of 1.16. AmTrust Financial Services, Inc. has a one year low of $11.80 and a one year high of $28.48.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Monday, July 3rd were issued a $0.17 dividend. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $0.68 annualized dividend and a dividend yield of 4.28%. AmTrust Financial Services’s dividend payout ratio is currently 32.69%.
Several equities research analysts have recently commented on the stock. TheStreet lowered shares of AmTrust Financial Services from a “c” rating to a “d” rating in a report on Wednesday, July 19th. JMP Securities started coverage on shares of AmTrust Financial Services in a research report on Friday, July 7th. They issued an “outperform” rating and a $18.00 price objective on the stock. BidaskClub raised shares of AmTrust Financial Services from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. FBR & Co reaffirmed an “outperform” rating and issued a $22.00 price objective (up previously from $16.00) on shares of AmTrust Financial Services in a research report on Friday, June 9th. Finally, ValuEngine downgraded shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. AmTrust Financial Services presently has an average rating of “Hold” and an average target price of $19.50.
In other news, SVP Stephen Ungar sold 5,000 shares of AmTrust Financial Services stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $13.92, for a total value of $69,600.00. Following the transaction, the senior vice president now owns 175,256 shares of the company’s stock, valued at approximately $2,439,563.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 50.80% of the stock is owned by insiders.
About AmTrust Financial Services
Amtrust Financial Services, Inc (AmTrust) is an insurance holding company. The Company, through its subsidiaries, provides specialty property and casualty insurance focusing on workers’ compensation and commercial package coverage for small business, specialty risk and extended warranty coverage, and property and casualty coverage for middle market business.
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