Q3 2017 Earnings Forecast for AmTrust Financial Services, Inc. (AFSI) Issued By William Blair

AmTrust Financial Services, Inc. (NASDAQ:AFSI) – Equities research analysts at William Blair lowered their Q3 2017 earnings estimates for AmTrust Financial Services in a research report issued to clients and investors on Monday. William Blair analyst A. Klauber now expects that the insurance provider will earn $0.14 per share for the quarter, down from their prior forecast of $0.37.

Several other analysts also recently commented on the stock. ValuEngine downgraded shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a report on Friday, September 1st. JMP Securities initiated coverage on shares of AmTrust Financial Services in a research note on Friday, July 7th. They issued an “outperform” rating and a $18.00 target price for the company. BidaskClub upgraded shares of AmTrust Financial Services from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. TheStreet downgraded shares of AmTrust Financial Services from a “c” rating to a “d” rating in a research note on Wednesday, July 19th. Finally, Zacks Investment Research lowered shares of AmTrust Financial Services from a “hold” rating to a “sell” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $19.50.

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AmTrust Financial Services (AFSI) opened at 14.07 on Thursday. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 13.67 and a beta of 1.24. The stock’s 50 day moving average is $13.12 and its 200 day moving average is $14.36. AmTrust Financial Services has a 1-year low of $11.36 and a 1-year high of $28.48.

AmTrust Financial Services (NASDAQ:AFSI) last released its quarterly earnings data on Tuesday, August 8th. The insurance provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.04. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.38 billion. AmTrust Financial Services had a net margin of 5.14% and a return on equity of 14.26%. AmTrust Financial Services’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 EPS.

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of AmTrust Financial Services by 33.6% during the 1st quarter. Vanguard Group Inc. now owns 8,667,061 shares of the insurance provider’s stock valued at $159,994,000 after buying an additional 2,181,846 shares in the last quarter. Amalgamated Bank boosted its holdings in shares of AmTrust Financial Services by 1.4% during the 1st quarter. Amalgamated Bank now owns 12,697 shares of the insurance provider’s stock valued at $234,000 after buying an additional 172 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of AmTrust Financial Services by 7.6% during the 1st quarter. Bank of New York Mellon Corp now owns 620,497 shares of the insurance provider’s stock valued at $11,455,000 after buying an additional 43,615 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of AmTrust Financial Services by 10.1% during the 2nd quarter. Rhumbline Advisers now owns 178,400 shares of the insurance provider’s stock valued at $2,701,000 after buying an additional 16,376 shares in the last quarter. Finally, Riverhead Capital Management LLC boosted its holdings in shares of AmTrust Financial Services by 166.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 98,909 shares of the insurance provider’s stock valued at $1,498,000 after buying an additional 61,784 shares in the last quarter. Hedge funds and other institutional investors own 36.82% of the company’s stock.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Monday, October 2nd were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date of this dividend was Friday, September 29th. AmTrust Financial Services’s dividend payout ratio (DPR) is presently 51.13%.

AmTrust Financial Services Company Profile

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.

Earnings History and Estimates for AmTrust Financial Services (NASDAQ:AFSI)

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