Wall Street analysts expect that AmTrust Financial Services Inc (NASDAQ:AFSI) will report $1.51 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for AmTrust Financial Services’ earnings, with the highest sales estimate coming in at $1.54 billion and the lowest estimate coming in at $1.49 billion. AmTrust Financial Services reported sales of $1.41 billion in the same quarter last year, which indicates a positive year over year growth rate of 7.1%. The business is scheduled to issue its next quarterly earnings results on Monday, February 26th.

According to Zacks, analysts expect that AmTrust Financial Services will report full-year sales of $1.51 billion for the current fiscal year, with estimates ranging from $6.00 billion to $6.05 billion. For the next financial year, analysts forecast that the firm will report sales of $6.24 billion per share, with estimates ranging from $5.90 billion to $6.57 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow AmTrust Financial Services.

AmTrust Financial Services (NASDAQ:AFSI) last issued its earnings results on Wednesday, November 8th. The insurance provider reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.33 by ($0.37). AmTrust Financial Services had a return on equity of 9.07% and a net margin of 0.49%. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the business earned $0.47 EPS. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year.

A number of analysts have recently issued reports on AFSI shares. Zacks Investment Research upgraded AmTrust Financial Services from a “strong sell” rating to a “hold” rating and set a $11.00 price target for the company in a research report on Monday, January 8th. BidaskClub downgraded AmTrust Financial Services from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. JMP Securities downgraded AmTrust Financial Services from an “outperform” rating to a “market perform” rating in a research report on Monday, November 13th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $10.00 price target on shares of AmTrust Financial Services in a research report on Wednesday, December 6th. Finally, B. Riley reiterated a “neutral” rating and set a $12.00 price target on shares of AmTrust Financial Services in a research report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. AmTrust Financial Services presently has an average rating of “Hold” and a consensus price target of $14.71.

Shares of AmTrust Financial Services (NASDAQ AFSI) traded down $0.02 during midday trading on Monday, reaching $12.68. The company’s stock had a trading volume of 1,362,100 shares, compared to its average volume of 2,292,269. AmTrust Financial Services has a fifty-two week low of $8.80 and a fifty-two week high of $27.93. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.46. The company has a market cap of $2,510.00, a P/E ratio of -39.63 and a beta of 1.10.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, December 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.36%. AmTrust Financial Services’s dividend payout ratio (DPR) is presently -212.50%.

In other news, SVP Ariel Gorelik acquired 2,962 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were bought at an average cost of $9.33 per share, with a total value of $27,635.46. Following the acquisition, the senior vice president now owns 5,977 shares in the company, valued at approximately $55,765.41. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 50.80% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in AFSI. State Street Corp raised its holdings in shares of AmTrust Financial Services by 54.1% during the 2nd quarter. State Street Corp now owns 3,292,917 shares of the insurance provider’s stock valued at $49,854,000 after buying an additional 1,156,431 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of AmTrust Financial Services by 20.3% during the 2nd quarter. Royal Bank of Canada now owns 4,012,368 shares of the insurance provider’s stock valued at $60,748,000 after buying an additional 676,537 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of AmTrust Financial Services by 32.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,698,536 shares of the insurance provider’s stock valued at $36,324,000 after buying an additional 660,088 shares in the last quarter. Northern Trust Corp raised its holdings in shares of AmTrust Financial Services by 93.7% during the 2nd quarter. Northern Trust Corp now owns 1,304,835 shares of the insurance provider’s stock valued at $19,755,000 after buying an additional 631,314 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of AmTrust Financial Services by 459.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 744,289 shares of the insurance provider’s stock valued at $11,269,000 after buying an additional 611,277 shares in the last quarter. 33.67% of the stock is currently owned by institutional investors.

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AmTrust Financial Services Company Profile

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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Earnings History and Estimates for AmTrust Financial Services (NASDAQ:AFSI)

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