Equities analysts predict that AMERISAFE, Inc. (NASDAQ:AMSF) will report earnings per share of $0.73 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for AMERISAFE’s earnings, with the highest EPS estimate coming in at $0.74 and the lowest estimate coming in at $0.72. AMERISAFE reported earnings of $0.88 per share during the same quarter last year, which would suggest a negative year over year growth rate of 17%. The business is expected to report its next quarterly earnings report after the market closes on Thursday, April 29th.
On average, analysts expect that AMERISAFE will report full-year earnings of $2.97 per share for the current fiscal year, with EPS estimates ranging from $2.90 to $3.00. For the next fiscal year, analysts anticipate that the business will post earnings of $2.83 per share, with EPS estimates ranging from $2.70 to $3.00. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that cover AMERISAFE.
AMERISAFE (NASDAQ:AMSF) last released its quarterly earnings results on Tuesday, February 23rd. The insurance provider reported $1.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.36. The company had revenue of $82.00 million for the quarter, compared to analysts’ expectations of $80.72 million. AMERISAFE had a return on equity of 20.22% and a net margin of 26.84%.
The business also recently announced a quarterly dividend, which was paid on Friday, March 26th. Investors of record on Friday, March 12th were issued a $0.29 dividend. The ex-dividend date of this dividend was Thursday, March 11th. This is a boost from AMERISAFE’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 1.83%. AMERISAFE’s dividend payout ratio is presently 25.22%.
In related news, CAO Kathryn Housh Shirley sold 1,350 shares of the company’s stock in a transaction that occurred on Tuesday, March 2nd. The stock was sold at an average price of $58.06, for a total value of $78,381.00. Following the sale, the chief accounting officer now directly owns 10,089 shares in the company, valued at $585,767.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.70% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Susquehanna International Group LLP boosted its holdings in AMERISAFE by 247.9% in the fourth quarter. Susquehanna International Group LLP now owns 11,835 shares of the insurance provider’s stock valued at $679,000 after acquiring an additional 19,835 shares during the last quarter. Eaton Vance Management boosted its holdings in shares of AMERISAFE by 14.4% during the 4th quarter. Eaton Vance Management now owns 378,268 shares of the insurance provider’s stock worth $21,724,000 after buying an additional 47,475 shares in the last quarter. Norges Bank bought a new position in shares of AMERISAFE during the 4th quarter worth approximately $2,395,000. UBS Asset Management Americas Inc. boosted its holdings in shares of AMERISAFE by 15.6% during the 4th quarter. UBS Asset Management Americas Inc. now owns 14,485 shares of the insurance provider’s stock worth $832,000 after buying an additional 1,953 shares in the last quarter. Finally, Eudaimonia Partners LLC bought a new position in shares of AMERISAFE during the 4th quarter worth approximately $57,000. Institutional investors and hedge funds own 98.45% of the company’s stock.
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 offers 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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