Amerisafe, Inc. (AMSF) Expected to Post Earnings of $0.84 Per Share

Brokerages expect Amerisafe, Inc. (NASDAQ:AMSF) to announce earnings of $0.84 per share for the current quarter, according to Zacks. Two analysts have provided estimates for Amerisafe’s earnings, with the lowest EPS estimate coming in at $0.80 and the highest estimate coming in at $0.91. Amerisafe reported earnings of $0.69 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 21.7%. The company is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, February 27th.

According to Zacks, analysts expect that Amerisafe will report full year earnings of $3.63 per share for the current year, with EPS estimates ranging from $3.60 to $3.70. For the next fiscal year, analysts expect that the firm will post earnings of $3.12 per share, with EPS estimates ranging from $3.00 to $3.25. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Amerisafe.

AMSF has been the topic of several recent analyst reports. BidaskClub raised Amerisafe from a “hold” rating to a “buy” rating in a research report on Tuesday. Boenning Scattergood reiterated a “hold” rating on shares of Amerisafe in a research note on Thursday, October 25th. Zacks Investment Research downgraded Amerisafe from a “buy” rating to a “hold” rating in a research note on Monday. Finally, ValuEngine downgraded Amerisafe from a “buy” rating to a “hold” rating in a research note on Wednesday, January 9th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Amerisafe currently has a consensus rating of “Buy” and an average target price of $65.67.

Shares of NASDAQ:AMSF opened at $62.28 on Friday. Amerisafe has a 1 year low of $50.46 and a 1 year high of $67.96. The stock has a market cap of $1.19 billion, a P/E ratio of 20.22 and a beta of 0.53.

Hedge funds have recently modified their holdings of the business. Bank of America Corp DE boosted its position in Amerisafe by 4.7% during the second quarter. Bank of America Corp DE now owns 126,124 shares of the insurance provider’s stock worth $7,283,000 after purchasing an additional 5,718 shares in the last quarter. Legal & General Group Plc boosted its position in Amerisafe by 8.4% during the third quarter. Legal & General Group Plc now owns 41,138 shares of the insurance provider’s stock worth $2,538,000 after purchasing an additional 3,184 shares in the last quarter. Standard Life Aberdeen plc boosted its position in Amerisafe by 6.4% during the third quarter. Standard Life Aberdeen plc now owns 509,320 shares of the insurance provider’s stock worth $31,578,000 after purchasing an additional 30,558 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Amerisafe by 2.4% during the third quarter. Bank of New York Mellon Corp now owns 302,412 shares of the insurance provider’s stock worth $18,735,000 after purchasing an additional 7,047 shares in the last quarter. Finally, Granite Investment Partners LLC boosted its position in Amerisafe by 4.0% during the third quarter. Granite Investment Partners LLC now owns 174,030 shares of the insurance provider’s stock worth $10,782,000 after purchasing an additional 6,628 shares in the last quarter.

About Amerisafe

AMERISAFE, Inc, an insurance holding company, provides workers' compensation insurance in the United States. Its workers' compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. The company serves small to mid-sized employers involved in construction, trucking, logging and lumber, manufacturing, agriculture, maritime, oil and gas, and other industries through agencies.

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Earnings History and Estimates for Amerisafe (NASDAQ:AMSF)

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