AMERISAFE (AMSF) Scheduled to Post Quarterly Earnings on Wednesday

AMERISAFE (NASDAQ:AMSF) is set to issue its quarterly earnings data after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of $0.56 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

AMERISAFE (NASDAQ:AMSF) last announced its quarterly earnings data on Monday, July 29th. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.03). The business had revenue of $75.83 million during the quarter, compared to the consensus estimate of $74.20 million. AMERISAFE had a net margin of 18.46% and a return on equity of 16.38%. During the same quarter last year, the company earned $0.73 EPS. On average, analysts expect AMERISAFE to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

AMERISAFE Price Performance

Shares of NASDAQ:AMSF opened at $49.69 on Wednesday. The company has a market capitalization of $950.82 million, a PE ratio of 15.48 and a beta of 0.34. The business has a fifty day moving average price of $48.46 and a two-hundred day moving average price of $46.86. AMERISAFE has a 1 year low of $41.97 and a 1 year high of $54.80.

AMERISAFE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were paid a $0.37 dividend. The ex-dividend date was Friday, September 6th. This represents a $1.48 dividend on an annualized basis and a yield of 2.98%. AMERISAFE’s dividend payout ratio (DPR) is presently 46.11%.

Analyst Ratings Changes

A number of research analysts have issued reports on AMSF shares. StockNews.com upgraded AMERISAFE from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. JMP Securities restated a “market outperform” rating and issued a $65.00 price objective on shares of AMERISAFE in a research note on Tuesday.

About AMERISAFE

AMERISAFE, Inc, an insurance holding company, underwrites workers’ compensation insurance in the United States. The company provides benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. It sells its products through retail and wholesale brokers and agents; and small and mid-sized employers engaged in hazardous industries, including construction, trucking, logging and lumber, agriculture, manufacturing, telecommunications, and maritime.