AmTrust Financial Services Inc (AFSI) Expected to Announce Earnings of $0.24 Per Share

Analysts forecast that AmTrust Financial Services Inc (NASDAQ:AFSI) will announce $0.24 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for AmTrust Financial Services’ earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.28. AmTrust Financial Services posted earnings per share of $0.38 in the same quarter last year, which would indicate a negative year-over-year growth rate of 36.8%. The firm is expected to announce its next earnings results on Monday, February 26th.

According to Zacks, analysts expect that AmTrust Financial Services will report full year earnings of $0.91 per share for the current fiscal year, with EPS estimates ranging from $0.89 to $0.94. For the next fiscal year, analysts anticipate that the business will report earnings of $1.42 per share, with EPS estimates ranging from $1.30 to $1.65. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow AmTrust Financial Services.

AmTrust Financial Services (NASDAQ:AFSI) last released its quarterly earnings results on Wednesday, November 8th. The insurance provider reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.37). AmTrust Financial Services had a net margin of 0.49% and a return on equity of 9.07%. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the business posted $0.47 EPS. AmTrust Financial Services’s revenue was up 4.3% compared to the same quarter last year.

A number of research firms recently issued reports on AFSI. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $10.00 price target on shares of AmTrust Financial Services in a research note on Wednesday, December 6th. FBR & Co cut shares of AmTrust Financial Services from a “buy” rating to a “neutral” rating and set a $14.00 price target on the stock. in a research note on Tuesday, October 24th. ValuEngine cut shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. BidaskClub raised shares of AmTrust Financial Services from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, B. Riley reissued a “neutral” rating and issued a $12.00 price target on shares of AmTrust Financial Services in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. AmTrust Financial Services has an average rating of “Hold” and a consensus price target of $15.33.

Shares of AmTrust Financial Services (NASDAQ:AFSI) opened at $10.39 on Wednesday. AmTrust Financial Services has a one year low of $8.80 and a one year high of $27.93. The stock has a market cap of $2,054.36, a price-to-earnings ratio of 9.89 and a beta of 1.12. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.46.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.68 annualized dividend and a yield of 6.54%. AmTrust Financial Services’s dividend payout ratio (DPR) is presently -424.97%.

In other AmTrust Financial Services news, SVP Ariel Gorelik bought 2,962 shares of the stock in a transaction on Wednesday, November 15th. The shares were bought at an average price of $9.33 per share, with a total value of $27,635.46. Following the purchase, the senior vice president now directly owns 5,977 shares in the company, valued at approximately $55,765.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 50.80% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in AFSI. Commerzbank Aktiengesellschaft FI acquired a new stake in AmTrust Financial Services during the 3rd quarter worth $135,000. Sapphire Star Partners LP acquired a new position in shares of AmTrust Financial Services during the 3rd quarter valued at about $153,000. Paragon Capital Management Ltd acquired a new position in shares of AmTrust Financial Services during the 3rd quarter valued at about $165,000. Symons Capital Management Inc. acquired a new position in shares of AmTrust Financial Services during the 3rd quarter valued at about $172,000. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of AmTrust Financial Services by 4.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 13,181 shares of the insurance provider’s stock valued at $200,000 after acquiring an additional 506 shares during the last quarter. 33.68% of the stock is currently owned by institutional investors.

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About AmTrust Financial Services

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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