AmTrust Financial Services, Inc. (NASDAQ:AFSI) will be announcing its earnings results after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.33 per share for the quarter.
AmTrust Financial Services (NASDAQ:AFSI) last announced its quarterly earnings results on Tuesday, August 8th. The insurance provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.04. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.38 billion. AmTrust Financial Services had a net margin of 5.14% and a return on equity of 14.26%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.77 earnings per share. On average, analysts expect AmTrust Financial Services to post $1.17 EPS for the current fiscal year and $1.72 EPS for the next fiscal year.
AmTrust Financial Services, Inc. (NASDAQ AFSI) opened at 12.65 on Tuesday. AmTrust Financial Services, Inc. has a one year low of $11.36 and a one year high of $28.48. The stock’s 50 day moving average is $13.30 and its 200 day moving average is $14.04. The firm has a market capitalization of $2.48 billion, a P/E ratio of 12.29 and a beta of 1.24.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Monday, October 2nd were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 5.38%. The ex-dividend date was Friday, September 29th. AmTrust Financial Services’s dividend payout ratio (DPR) is currently 51.13%.
Several analysts have recently weighed in on AFSI shares. JMP Securities started coverage on shares of AmTrust Financial Services in a research report on Friday, July 7th. They set an “outperform” rating and a $18.00 price objective on the stock. TheStreet cut shares of AmTrust Financial Services from a “c” rating to a “d” rating in a research report on Wednesday, July 19th. BidaskClub cut shares of AmTrust Financial Services from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. ValuEngine cut shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research upgraded shares of AmTrust Financial Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $17.50.
AmTrust Financial Services Company Profile
Amtrust Financial Services, Inc (AmTrust) is an insurance holding company. The Company, through its subsidiaries, provides specialty property and casualty insurance focusing on workers’ compensation and commercial package coverage for small business, specialty risk and extended warranty coverage, and property and casualty coverage for middle market business.
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