Analysts Expect AMERISAFE, Inc. (NASDAQ:AMSF) Will Post Earnings of $0.63 Per Share

Wall Street analysts predict that AMERISAFE, Inc. (NASDAQ:AMSFGet Rating) will announce earnings per share of $0.63 for the current quarter, Zacks reports. Two analysts have provided estimates for AMERISAFE’s earnings, with the highest EPS estimate coming in at $0.70 and the lowest estimate coming in at $0.55. AMERISAFE posted earnings of $1.04 per share during the same quarter last year, which would indicate a negative year over year growth rate of 39.4%. The company is expected to announce its next earnings results on Monday, January 1st.

On average, analysts expect that AMERISAFE will report full year earnings of $2.65 per share for the current fiscal year, with EPS estimates ranging from $2.50 to $2.80. For the next financial year, analysts forecast that the firm will report earnings of $2.43 per share, with EPS estimates ranging from $2.20 to $2.65. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover AMERISAFE.

AMERISAFE (NASDAQ:AMSFGet Rating) last issued its quarterly earnings results on Wednesday, April 27th. The insurance provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.21. AMERISAFE had a return on equity of 12.83% and a net margin of 20.70%. The business had revenue of $73.78 million during the quarter, compared to the consensus estimate of $72.00 million. During the same quarter last year, the company earned $0.76 earnings per share.

AMSF has been the subject of several research analyst reports. 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. Truist Financial cut AMERISAFE from a “buy” rating to a “hold” rating and set a $50.00 price target for the company. in a research report on Friday, March 4th. Finally, StockNews.com assumed coverage on AMERISAFE in a research report on Thursday, March 31st. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $53.33.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in shares of AMERISAFE by 1.4% in the 4th quarter. BlackRock Inc. now owns 3,140,071 shares of the insurance provider’s stock valued at $169,030,000 after purchasing an additional 42,817 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of AMERISAFE by 0.8% in the 1st quarter. Victory Capital Management Inc. now owns 1,359,802 shares of the insurance provider’s stock valued at $67,499,000 after buying an additional 11,234 shares during the period. Vanguard Group Inc. raised its holdings in shares of AMERISAFE by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 1,303,801 shares of the insurance provider’s stock valued at $64,760,000 after buying an additional 38,869 shares during the period. State Street Corp raised its holdings in shares of AMERISAFE by 3.2% in the 1st quarter. State Street Corp now owns 718,238 shares of the insurance provider’s stock valued at $35,675,000 after buying an additional 22,392 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in AMERISAFE by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 636,573 shares of the insurance provider’s stock worth $31,619,000 after purchasing an additional 18,771 shares during the period. 96.52% of the stock is currently owned by institutional investors.

Shares of NASDAQ:AMSF opened at $48.07 on Friday. AMERISAFE has a 52-week low of $44.06 and a 52-week high of $66.32. The stock has a market cap of $928.71 million, a price-to-earnings ratio of 14.61 and a beta of 0.40. The business has a 50-day moving average price of $47.99 and a 200-day moving average price of $51.21.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 24th. Stockholders of record on Friday, June 17th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Thursday, June 16th. AMERISAFE’s dividend payout ratio is presently 37.69%.

About AMERISAFE (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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