Brokerages Anticipate Amerisafe, Inc. (NASDAQ:AMSF) Will Announce Quarterly Sales of $80.34 Million

Equities analysts predict that Amerisafe, Inc. (NASDAQ:AMSF) will announce $80.34 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Amerisafe’s earnings, with estimates ranging from $77.67 million to $83.00 million. Amerisafe posted sales of $91.19 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 11.9%. The firm is expected to report its next quarterly earnings report after the market closes on Thursday, July 30th.

On average, analysts expect that Amerisafe will report full year sales of $324.93 million for the current financial year, with estimates ranging from $324.16 million to $325.70 million. For the next year, analysts expect that the business will report sales of $303.39 million, with estimates ranging from $301.10 million to $305.67 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Amerisafe.

Amerisafe (NASDAQ:AMSF) last released its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.09. Amerisafe had a net margin of 23.73% and a return on equity of 19.78%. The business had revenue of $86.94 million during the quarter, compared to the consensus estimate of $86.27 million.

AMSF has been the subject of a number of recent analyst reports. SunTrust Banks decreased their price target on shares of Amerisafe from $77.00 to $72.00 and set a “buy” rating for the company in a research report on Friday, May 1st. BidaskClub downgraded shares of Amerisafe from a “buy” rating to a “hold” rating in a research report on Thursday, June 11th. Finally, ValuEngine downgraded shares of Amerisafe from a “hold” rating to a “sell” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $77.67.

Shares of AMSF stock traded down $0.11 during mid-day trading on Friday, reaching $59.96. 60,092 shares of the company were exchanged, compared to its average volume of 104,939. Amerisafe has a fifty-two week low of $48.02 and a fifty-two week high of $80.65. The company has a market capitalization of $1.16 billion, a P/E ratio of 13.75 and a beta of 0.37. The business’s 50 day simple moving average is $61.71 and its 200 day simple moving average is $64.21.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date was Thursday, June 11th. Amerisafe’s dividend payout ratio is presently 23.48%.

In other Amerisafe news, EVP Vincent J. Gagliano sold 2,408 shares of Amerisafe stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $63.42, for a total value of $152,715.36. Following the completion of the transaction, the executive vice president now owns 20,049 shares of the company’s stock, valued at $1,271,507.58. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.70% of the company’s stock.

A number of hedge funds have recently bought and sold shares of AMSF. Fieldpoint Private Securities LLC lifted its stake in Amerisafe by 75.6% in the fourth quarter. Fieldpoint Private Securities LLC now owns 590 shares of the insurance provider’s stock valued at $39,000 after buying an additional 254 shares during the last quarter. Macquarie Group Ltd. bought a new stake in Amerisafe in the fourth quarter valued at $53,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Amerisafe by 22.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,502 shares of the insurance provider’s stock valued at $97,000 after buying an additional 279 shares during the last quarter. Advisor Group Inc. lifted its stake in Amerisafe by 17.6% in the fourth quarter. Advisor Group Inc. now owns 1,980 shares of the insurance provider’s stock valued at $131,000 after buying an additional 297 shares during the last quarter. Finally, ProShare Advisors LLC bought a new stake in Amerisafe in the fourth quarter valued at $206,000.

About Amerisafe

AMERISAFE, Inc, an insurance holding company, underwrites 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 provides workers' compensation insurance for small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, agriculture, maritime, and oil and gas.

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Earnings History and Estimates for Amerisafe (NASDAQ:AMSF)

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