AMERISAFE (NASDAQ:AMSF) Issues Quarterly Earnings Results, Misses Expectations By $0.08 EPS

AMERISAFE (NASDAQ:AMSF) posted its quarterly earnings results on Wednesday. The insurance provider reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.08), FiscalAI reports. AMERISAFE had a return on equity of 14.87% and a net margin of 14.00%. The business had revenue of $76.67 million during the quarter, compared to analysts’ expectations of $84.72 million.

AMERISAFE Stock Performance

NASDAQ AMSF opened at $25.30 on Thursday. The stock has a 50 day moving average price of $25.06 and a 200-day moving average price of $31.14. AMERISAFE has a one year low of $23.20 and a one year high of $42.10. The company has a market capitalization of $469.06 million, a P/E ratio of 10.20 and a beta of 0.24.

AMERISAFE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Friday, December 4th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Friday, December 4th. AMERISAFE’s dividend payout ratio is currently 66.13%.

Analyst Ratings Changes

A number of brokerages have issued reports on AMSF. Citizens Jmp cut their price objective on shares of AMERISAFE from $42.00 to $40.00 and set a “market outperform” rating for the company in a report on Monday, October 12th. Truist Financial reduced their price objective on shares of AMERISAFE from $32.00 to $27.00 and set a “hold” rating on the stock in a research report on Tuesday, October 13th. Morgan Stanley set a $40.00 target price on shares of AMERISAFE in a report on Monday, October 12th. Zacks Research upgraded shares of AMERISAFE from a “strong sell” rating to a “hold” rating in a research report on Monday, September 28th. Finally, Wall Street Zen lowered shares of AMERISAFE from a “hold” rating to a “sell” rating in a research report on Tuesday, October 20th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, AMERISAFE currently has a consensus rating of “Hold” and a consensus target price of $35.67.

AMERISAFE Company Profile

AMERISAFE, Inc is a specialty workers’ compensation insurance company serving small and midsized businesses. The company focuses on employers in industries with elevated workplace risks, including construction, trucking, logging, agriculture, manufacturing, and maritime operations.

Through its insurance subsidiaries, AMERISAFE provides workers’ compensation coverage designed to protect businesses from costs associated with workplace injuries and occupational illnesses. Its services also include workplace safety and loss-control support, claims management, medical cost containment, and premium audit services.

Headquartered in DeRidder, Louisiana, AMERISAFE primarily serves employers in the southeastern and south-central United States.