AMERISAFE (NASDAQ:AMSF) Posts Earnings Results, Beats Estimates By $0.02 EPS

AMERISAFE (NASDAQ:AMSF) released its quarterly earnings data on Wednesday. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $78.70 million for the quarter, compared to analyst estimates of $75.38 million. During the same period in the previous year, the company posted $0.61 EPS.

AMERISAFE Stock Down 2.3 %

Shares of NASDAQ AMSF traded down $1.31 during mid-day trading on Friday, reaching $54.86. 76,248 shares of the company were exchanged, compared to its average volume of 124,715. The stock has a market capitalization of $1.05 billion, a PE ratio of 17.44 and a beta of 0.34. AMERISAFE has a 52 week low of $41.97 and a 52 week high of $56.46. The company’s 50 day moving average price is $49.19 and its 200 day moving average price is $47.05.

AMERISAFE Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, December 6th will be issued a $3.37 dividend. This is a positive change from AMERISAFE’s previous quarterly dividend of $0.37. The ex-dividend date is Friday, December 6th. This represents a $13.48 dividend on an annualized basis and a dividend yield of 24.57%. AMERISAFE’s dividend payout ratio is presently 46.11%.

Wall Street Analysts Forecast Growth

AMSF has been the topic of several analyst reports. StockNews.com upgraded AMERISAFE from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. JMP Securities reaffirmed a “market outperform” rating and issued a $65.00 price target on shares of AMERISAFE in a report on Tuesday, October 15th. Finally, Truist Financial lifted their price objective on AMERISAFE from $48.00 to $54.00 and gave the company a “hold” rating in a research note on Friday.

AMERISAFE Company Profile

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.