AMERISAFE (NASDAQ:AMSF) Posts Quarterly Earnings Results, Misses Expectations By $0.08 EPS

AMERISAFE (NASDAQ:AMSF) announced its earnings results on Wednesday. The insurance provider reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.08), FiscalAI reports. AMERISAFE had a net margin of 14.00% and a return on equity of 14.87%.

AMERISAFE Stock Performance

Shares of AMSF traded down $0.16 during midday trading on Wednesday, hitting $25.30. 281,681 shares of the stock were exchanged, compared to its average volume of 291,112. The firm has a market cap of $469.06 million, a P/E ratio of 10.20 and a beta of 0.24. AMERISAFE has a 52-week low of $23.20 and a 52-week high of $42.10. The stock has a fifty day simple moving average of $25.08 and a 200 day simple moving average of $31.20.

Analyst Ratings Changes

Several equities analysts have recently commented on AMSF shares. Morgan Stanley set a $40.00 price objective on shares of AMERISAFE in a research note on Monday, October 12th. Truist Financial lowered their price objective on AMERISAFE from $32.00 to $27.00 and set a “hold” rating on the stock in a research report on Tuesday, October 13th. Citigroup reiterated a “market outperform” rating on shares of AMERISAFE in a report on Monday, October 12th. Citizens Jmp dropped their price target on AMERISAFE from $42.00 to $40.00 and set a “market outperform” rating on the stock in a research report on Monday, October 12th. Finally, Zacks Research upgraded AMERISAFE from a “strong sell” rating to a “hold” rating in a research note on Monday, September 28th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $35.67.

AMERISAFE Company Profile

AMERISAFE, Inc is a specialty workers’ compensation insurance company serving small and midsized businesses. The company focuses on employers in industries with elevated workplace risks, including construction, trucking, logging, agriculture, manufacturing, and maritime operations.

Through its insurance subsidiaries, AMERISAFE provides workers’ compensation coverage designed to protect businesses from costs associated with workplace injuries and occupational illnesses. Its services also include workplace safety and loss-control support, claims management, medical cost containment, and premium audit services.

Headquartered in DeRidder, Louisiana, AMERISAFE primarily serves employers in the southeastern and south-central United States.