Amerisafe, Inc. (AMSF) Expected to Post Quarterly Sales of $95.02 Million

Brokerages expect Amerisafe, Inc. (NASDAQ:AMSF) to report sales of $95.02 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Amerisafe’s earnings, with estimates ranging from $93.20 million to $96.47 million. Amerisafe posted sales of $94.82 million during the same quarter last year, which suggests a positive year-over-year growth rate of 0.2%. The company is scheduled to report its next earnings report on Monday, February 25th.

On average, analysts expect that Amerisafe will report full-year sales of $377.69 million for the current fiscal year, with estimates ranging from $374.10 million to $379.70 million. For the next financial year, analysts expect that the company will post sales of $380.89 million, with estimates ranging from $372.20 million to $388.47 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Amerisafe.

Amerisafe (NASDAQ:AMSF) last released its quarterly earnings results on Wednesday, October 24th. The insurance provider reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.26. The company had revenue of $93.28 million during the quarter, compared to analyst estimates of $94.39 million. Amerisafe had a return on equity of 15.21% and a net margin of 14.15%.

Several research firms recently commented on AMSF. BidaskClub upgraded Amerisafe from a “hold” rating to a “buy” rating in a research report on Tuesday, July 31st. JMP Securities lifted their price target on Amerisafe from $65.00 to $67.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 2nd. Boenning Scattergood reiterated a “hold” rating on shares of Amerisafe in a research report on Thursday, August 2nd. Keefe, Bruyette & Woods set a $61.00 price target on Amerisafe and gave the stock a “hold” rating in a research report on Thursday, August 2nd. Finally, ValuEngine upgraded Amerisafe from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Amerisafe presently has a consensus rating of “Buy” and an average price target of $66.33.

In other Amerisafe news, Director Randy Roach sold 800 shares of the business’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $63.50, for a total transaction of $50,800.00. Following the completion of the transaction, the director now owns 8,422 shares in the company, valued at $534,797. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO G. Janelle Frost sold 1,623 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $64.41, for a total value of $104,537.43. Following the transaction, the chief executive officer now owns 59,603 shares of the company’s stock, valued at approximately $3,839,029.23. The disclosure for this sale can be found here. Insiders have sold 4,714 shares of company stock valued at $301,068 in the last 90 days. Company insiders own 1.80% of the company’s stock.

Several large investors have recently made changes to their positions in the business. Teachers Advisors LLC boosted its position in shares of Amerisafe by 387.2% during the third quarter. Teachers Advisors LLC now owns 179,962 shares of the insurance provider’s stock valued at $11,149,000 after buying an additional 143,027 shares during the period. MetLife Investment Advisors LLC raised its stake in shares of Amerisafe by 54.3% during the third quarter. MetLife Investment Advisors LLC now owns 14,348 shares of the insurance provider’s stock valued at $889,000 after acquiring an additional 5,050 shares in the last quarter. Man Group plc raised its stake in shares of Amerisafe by 106.9% during the third quarter. Man Group plc now owns 12,199 shares of the insurance provider’s stock valued at $756,000 after acquiring an additional 6,302 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Amerisafe during the third quarter valued at approximately $227,000. Finally, Citadel Advisors LLC raised its stake in shares of Amerisafe by 29.2% during the third quarter. Citadel Advisors LLC now owns 68,127 shares of the insurance provider’s stock valued at $4,221,000 after acquiring an additional 15,378 shares in the last quarter.

AMSF traded down $0.16 on Friday, hitting $63.90. The company had a trading volume of 272,252 shares, compared to its average volume of 81,361. The firm has a market cap of $1.24 billion, a P/E ratio of 20.75 and a beta of 0.52. Amerisafe has a 12-month low of $52.00 and a 12-month high of $67.96.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, December 13th. This represents a $0.88 annualized dividend and a dividend yield of 1.38%. Amerisafe’s dividend payout ratio (DPR) is presently 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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Earnings History and Estimates for Amerisafe (NASDAQ:AMSF)

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