Amerisafe (NASDAQ:AMSF) Posts Quarterly Earnings Results, Beats Expectations By $0.31 EPS
Amerisafe (NASDAQ:AMSF) released its earnings results on Thursday. The insurance provider reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.31, MarketWatch Earnings reports. Amerisafe had a net margin of 25.63% and a return on equity of 20.27%. The business had revenue of $83.35 million during the quarter, compared to analysts’ expectations of $80.34 million.
Shares of AMSF opened at $63.46 on Friday. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 13.59 and a beta of 0.37. Amerisafe has a 12 month low of $48.02 and a 12 month high of $80.65. The company has a 50-day moving average price of $61.48 and a two-hundred day moving average price of $63.64.
Several equities research analysts recently weighed in on AMSF shares. BidaskClub cut shares of Amerisafe from a “buy” rating to a “hold” rating in a research note on Thursday, June 11th. SunTrust Banks cut their price target on shares of Amerisafe from $77.00 to $72.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Boenning Scattergood restated a “neutral” rating on shares of Amerisafe in a research note on Tuesday, July 21st. Finally, ValuEngine cut shares of Amerisafe from a “hold” rating to a “sell” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $77.67.
AMERISAFE, Inc, an insurance holding company, underwrites 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 provides workers' compensation insurance for small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, agriculture, maritime, and oil and gas.
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