Zacks: Analysts Anticipate Amerisafe, Inc. (AMSF) Will Post Quarterly Sales of $94.39 Million

Brokerages expect Amerisafe, Inc. (NASDAQ:AMSF) to post $94.39 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Amerisafe’s earnings. The highest sales estimate is $95.20 million and the lowest is $93.00 million. Amerisafe reported sales of $93.00 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.5%. The firm is scheduled to announce its next earnings results on Wednesday, October 24th.

On average, analysts expect that Amerisafe will report full year sales of $378.71 million for the current year, with estimates ranging from $374.10 million to $381.90 million. For the next year, analysts expect that the firm will report sales of $381.40 million per share, with estimates ranging from $372.20 million to $386.49 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Amerisafe.

Amerisafe (NASDAQ:AMSF) last posted its quarterly earnings results on Wednesday, August 1st. The insurance provider reported $0.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.17. Amerisafe had a net margin of 13.35% and a return on equity of 14.28%. The firm had revenue of $96.42 million during the quarter, compared to analyst estimates of $93.11 million.

Several research firms recently issued reports on AMSF. BidaskClub raised shares of Amerisafe from a “hold” rating to a “buy” rating in a research report on Tuesday, July 31st. JMP Securities increased their price target on shares of 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 reissued 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 shares of Amerisafe and gave the stock a “hold” rating in a research report on Thursday, August 2nd. Finally, ValuEngine raised shares of Amerisafe from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $65.50.

NASDAQ:AMSF traded up $0.85 during mid-day trading on Thursday, hitting $64.80. The company’s stock had a trading volume of 76,905 shares, compared to its average volume of 60,883. Amerisafe has a fifty-two week low of $52.00 and a fifty-two week high of $67.82. The firm has a market capitalization of $1.23 billion, a PE ratio of 21.04 and a beta of 0.72.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 21st. Stockholders of record on Friday, September 7th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, September 6th. Amerisafe’s payout ratio is 28.57%.

In other news, Director Randy Roach sold 800 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $63.50, for a total transaction of $50,800.00. Following the completion of the sale, the director now owns 8,422 shares of the company’s stock, valued at $534,797. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.80% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of AMSF. SG Americas Securities LLC acquired a new stake in shares of Amerisafe during the first quarter worth approximately $272,000. American Century Companies Inc. increased its holdings in shares of Amerisafe by 27.1% during the first quarter. American Century Companies Inc. now owns 496,780 shares of the insurance provider’s stock worth $27,447,000 after buying an additional 105,901 shares in the last quarter. Dean Investment Associates LLC increased its holdings in shares of Amerisafe by 17.8% during the first quarter. Dean Investment Associates LLC now owns 58,510 shares of the insurance provider’s stock worth $3,233,000 after buying an additional 8,840 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Amerisafe by 0.7% during the first quarter. Northern Trust Corp now owns 545,116 shares of the insurance provider’s stock worth $30,118,000 after buying an additional 3,587 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Amerisafe by 1.9% during the first quarter. BlackRock Inc. now owns 2,418,404 shares of the insurance provider’s stock worth $133,616,000 after buying an additional 46,079 shares in the last quarter.

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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