AMERISAFE, Inc. (NASDAQ:AMSF) Expected to Post Quarterly Sales of $70.77 Million

Equities research analysts expect AMERISAFE, Inc. (NASDAQ:AMSFGet Rating) to announce sales of $70.77 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for AMERISAFE’s earnings, with the highest sales estimate coming in at $71.73 million and the lowest estimate coming in at $69.80 million. AMERISAFE posted sales of $76.69 million in the same quarter last year, which suggests a negative year over year growth rate of 7.7%. The company is expected to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that AMERISAFE will report full year sales of $283.70 million for the current financial year, with estimates ranging from $280.10 million to $287.29 million. For the next year, analysts expect that the company will post sales of $281.11 million, with estimates ranging from $276.90 million to $285.31 million. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for AMERISAFE.

AMERISAFE (NASDAQ:AMSFGet Rating) last posted its earnings results on Wednesday, April 27th. The insurance provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.16. AMERISAFE had a return on equity of 12.44% and a net margin of 20.70%. During the same quarter in the previous year, the business earned $0.76 earnings per share.

A number of brokerages have recently weighed in on AMSF. StockNews.com began coverage on AMERISAFE in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Truist Financial cut AMERISAFE from a “buy” rating to a “hold” rating and set a $50.00 price objective for the company. in a research note on Friday, March 4th. Finally, Zacks Investment Research cut AMERISAFE from a “hold” rating to a “strong sell” rating and set a $40.00 price objective for the company. in a research note on Tuesday, March 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $53.33.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Pinebridge Investments L.P. purchased a new stake in AMERISAFE during the 4th quarter worth about $59,000. Advisor Group Holdings Inc. lifted its holdings in shares of AMERISAFE by 44.8% in the 3rd quarter. Advisor Group Holdings Inc. now owns 1,823 shares of the insurance provider’s stock valued at $102,000 after purchasing an additional 564 shares during the last quarter. Belpointe Asset Management LLC purchased a new stake in shares of AMERISAFE in the 4th quarter valued at about $101,000. Captrust Financial Advisors lifted its holdings in shares of AMERISAFE by 121.2% in the 3rd quarter. Captrust Financial Advisors now owns 2,666 shares of the insurance provider’s stock valued at $150,000 after purchasing an additional 1,461 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of AMERISAFE by 35.3% in the 3rd quarter. SG Americas Securities LLC now owns 2,955 shares of the insurance provider’s stock valued at $166,000 after purchasing an additional 771 shares during the last quarter. 96.52% of the stock is owned by institutional investors.

AMSF stock opened at $47.07 on Tuesday. The business has a fifty day moving average of $47.69 and a two-hundred day moving average of $52.24. The stock has a market cap of $911.46 million, a price-to-earnings ratio of 14.31 and a beta of 0.38. AMERISAFE has a 52-week low of $44.06 and a 52-week high of $67.10.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 24th. Shareholders of record on Friday, June 17th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date is Thursday, June 16th. AMERISAFE’s dividend payout ratio (DPR) is 37.69%.

AMERISAFE Company Profile (Get Rating)

AMERISAFE, Inc, an insurance holding company, underwrites workers' compensation insurance in the United States. The company's workers' compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. It serves small to mid-sized employers engaged in hazardous industries, including construction, trucking, logging and lumber, agriculture, manufacturing, telecommunications, and maritime.

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Earnings History and Estimates for AMERISAFE (NASDAQ:AMSF)

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