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

AMERISAFE (NASDAQ:AMSF) issued its earnings results on Wednesday. The insurance provider reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates 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 Trading Down 0.6%

Shares of AMSF stock traded down $0.16 during trading hours on Wednesday, hitting $25.30. 260,363 shares of the company’s stock were exchanged, compared to its average volume of 291,009. The company has a market capitalization of $469.06 million, a PE ratio of 10.20 and a beta of 0.24. AMERISAFE has a 12-month low of $23.20 and a 12-month high of $42.10. The business’s 50 day simple moving average is $25.08 and its 200-day simple moving average is $31.20.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of AMERISAFE in a research report on Monday. Zacks Research upgraded AMERISAFE from a “strong sell” rating to a “hold” rating in a report on Monday, September 28th. Morgan Stanley set a $40.00 target price on shares of AMERISAFE in a report on Monday, October 12th. Truist Financial reduced their target price on shares of AMERISAFE from $32.00 to $27.00 and set a “hold” rating for the company in a research report on Tuesday, October 13th. Finally, Citigroup reiterated a “market outperform” rating on shares of AMERISAFE in a research note on Monday, October 12th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.