$92.81 Million in Sales Expected for AMERISAFE, Inc. (AMSF) This Quarter
Brokerages expect AMERISAFE, Inc. (NASDAQ:AMSF) to report $92.81 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for AMERISAFE’s earnings, with the lowest sales estimate coming in at $91.82 million and the highest estimate coming in at $93.80 million. AMERISAFE posted sales of $98.03 million in the same quarter last year, which would suggest a negative year over year growth rate of 5.3%. The company is scheduled to report its next quarterly earnings results on Wednesday, October 25th.
On average, analysts expect that AMERISAFE will report full year sales of $92.81 million for the current year, with estimates ranging from $369.79 million to $379.40 million. For the next year, analysts expect that the company will post sales of $356.53 million per share, with estimates ranging from $347.26 million to $365.80 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for AMERISAFE.
AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings data on Thursday, July 27th. The insurance provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. AMERISAFE had a net margin of 17.17% and a return on equity of 14.04%. The firm had revenue of $89.93 million for the quarter, compared to analyst estimates of $92.33 million. During the same quarter in the previous year, the business posted $0.85 EPS. The firm’s revenue was down 7.8% compared to the same quarter last year.
Several research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of AMERISAFE from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Friday, September 1st. BidaskClub lowered shares of AMERISAFE from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th.
In related news, Director Randy Roach sold 500 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $56.90, for a total transaction of $28,450.00. Following the completion of the sale, the director now directly owns 8,399 shares of the company’s stock, valued at approximately $477,903.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.20% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Piedmont Investment Advisors LLC bought a new stake in shares of AMERISAFE during the 2nd quarter worth $237,000. Dean Capital Management boosted its holdings in shares of AMERISAFE by 39.8% during the 2nd quarter. Dean Capital Management now owns 48,467 shares of the insurance provider’s stock worth $2,761,000 after buying an additional 13,805 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of AMERISAFE by 62.2% during the 2nd quarter. Sterling Capital Management LLC now owns 27,439 shares of the insurance provider’s stock worth $1,563,000 after buying an additional 10,518 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of AMERISAFE by 3.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,946 shares of the insurance provider’s stock worth $851,000 after buying an additional 552 shares during the period. Finally, State Street Corp boosted its holdings in shares of AMERISAFE by 1.8% during the 2nd quarter. State Street Corp now owns 487,661 shares of the insurance provider’s stock worth $27,771,000 after buying an additional 8,645 shares during the period. 99.51% of the stock is owned by institutional investors and hedge funds.
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Shares of AMERISAFE (AMSF) traded up 1.07% during trading on Friday, reaching $56.85. 63,360 shares of the company’s stock were exchanged. The company has a 50 day moving average of $55.72 and a 200 day moving average of $57.95. The firm has a market capitalization of $1.09 billion, a P/E ratio of 16.57 and a beta of 0.89. AMERISAFE has a 52-week low of $51.20 and a 52-week high of $69.40.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Thursday, September 7th. AMERISAFE’s dividend payout ratio is currently 23.32%.
Amerisafe, Inc is an insurance holding company. The Company is engaged in providing workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, and agriculture. It is engaged in underwriting the workers’ compensation exposures inherent in these industries.
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