AMERISAFE (NASDAQ:AMSF) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

by · The Markets Daily

AMERISAFE (NASDAQ:AMSF – Get Free Report) announced its quarterly earnings data on Wednesday. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02, Yahoo Finance reports. AMERISAFE had a return on equity of 16.38% and a net margin of 18.46%. The business had revenue of $78.70 million for the quarter, compared to analysts’ expectations of $75.38 million. During the same period last year, the firm earned $0.61 earnings per share.

AMERISAFE Stock Performance

AMERISAFE stock traded down $1.19 during trading on Friday, reaching $54.98. 164,623 shares of the company’s stock were exchanged, compared to its average volume of 125,168. The company’s 50-day moving average is $49.19 and its two-hundred day moving average is $47.05. AMERISAFE has a 52-week low of $41.97 and a 52-week high of $56.46. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 17.44 and a beta of 0.34.

AMERISAFE Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, December 6th will be paid a dividend of $3.37 per share. The ex-dividend date is Friday, December 6th. This is a boost from AMERISAFE’s previous quarterly dividend of $0.37. This represents a $13.48 annualized dividend and a dividend yield of 24.52%. AMERISAFE’s payout ratio is currently 46.11%.

Analysts Set New Price Targets

A number of analysts have weighed in on AMSF shares. Truist Financial raised their price target on AMERISAFE from $48.00 to $54.00 and gave the company a “hold” rating in a research note on Friday. StockNews.com raised AMERISAFE from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $65.00 price objective on shares of AMERISAFE in a report on Tuesday, October 15th.

Read Our Latest Stock Report on AMSF

AMERISAFE Company Profile

(Get Free Report)

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.

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