Wall Street brokerages forecast that Amerisafe, Inc. (NASDAQ:AMSF) will report $94.39 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for Amerisafe’s earnings, with the highest sales estimate coming in at $95.20 million and the lowest estimate coming in at $93.00 million. Amerisafe reported sales of $93.00 million during the same quarter last year, which would suggest a positive year over year growth rate of 1.5%. The company is expected to announce its next quarterly earnings results after the market closes on Wednesday, October 24th.

On average, analysts expect that Amerisafe will report full-year sales of $378.71 million for the current fiscal year, with estimates ranging from $374.10 million to $381.90 million. For the next year, analysts expect that the business will post sales of $381.40 million, with estimates ranging from $372.20 million to $386.49 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Amerisafe.

Amerisafe (NASDAQ:AMSF) last announced its quarterly earnings results on Wednesday, August 1st. The insurance provider reported $0.92 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.17. The business had revenue of $96.42 million for the quarter, compared to analysts’ expectations of $93.11 million. Amerisafe had a return on equity of 14.28% and a net margin of 13.35%.

AMSF has been the topic of a number of recent analyst reports. JMP Securities lifted their price objective on Amerisafe from $65.00 to $67.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 2nd. BidaskClub upgraded Amerisafe from a “hold” rating to a “buy” rating in a research report on Tuesday, July 31st. Boenning Scattergood reiterated a “hold” rating on shares of Amerisafe in a research report on Thursday, August 2nd. ValuEngine upgraded Amerisafe from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. Finally, Keefe, Bruyette & Woods set a $61.00 price objective on Amerisafe and gave the stock a “hold” rating in a research report on Thursday, August 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. Amerisafe has a consensus rating of “Hold” and an average price target of $65.67.

In other news, Director Randy Roach sold 800 shares of Amerisafe stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $63.50, for a total value of $50,800.00. Following the sale, the director now directly owns 8,422 shares in the company, valued at approximately $534,797. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Neal Andrew Fuller sold 2,291 shares of Amerisafe stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $63.61, for a total value of $145,730.51. Following the completion of the sale, the chief financial officer now owns 20,919 shares in the company, valued at $1,330,657.59. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Amerisafe during the first quarter valued at approximately $272,000. Northern Trust Corp boosted its position 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 valued at $30,118,000 after purchasing an additional 3,587 shares in the last quarter. BlackRock Inc. boosted its position 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 valued at $133,616,000 after purchasing an additional 46,079 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Amerisafe by 3.4% during the first quarter. Dimensional Fund Advisors LP now owns 979,853 shares of the insurance provider’s stock valued at $54,137,000 after purchasing an additional 31,812 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new stake in shares of Amerisafe during the first quarter valued at approximately $1,407,000.

Amerisafe stock traded down $0.24 during trading hours on Monday, reaching $61.03. The company had a trading volume of 36,057 shares, compared to its average volume of 78,631. The stock has a market capitalization of $1.19 billion, a P/E ratio of 19.81 and a beta of 0.70. Amerisafe has a 12-month low of $52.00 and a 12-month high of $67.82.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 21st. Stockholders of record on Friday, September 7th were given a $0.22 dividend. The ex-dividend date was Thursday, September 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.44%. Amerisafe’s dividend payout ratio is currently 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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