Wall Street analysts expect AmTrust Financial Services Inc (NASDAQ:AFSI) to post earnings of $0.27 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for AmTrust Financial Services’ earnings. The lowest EPS estimate is $0.25 and the highest is $0.29. AmTrust Financial Services posted earnings of $0.38 per share during the same quarter last year, which suggests a negative year over year growth rate of 28.9%. The firm is scheduled to announce its next earnings results on Monday, February 26th.
According to Zacks, analysts expect that AmTrust Financial Services will report full-year earnings of $0.94 per share for the current fiscal year, with EPS estimates ranging from $0.91 to $0.97. For the next fiscal year, analysts expect that the company will post earnings of $1.35 per share, with EPS estimates ranging from $1.30 to $1.45. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow AmTrust Financial Services.
AmTrust Financial Services (NASDAQ:AFSI) last issued its quarterly earnings results on Wednesday, November 8th. The insurance provider reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.37). The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.29 billion. AmTrust Financial Services had a net margin of 0.49% and a return on equity of 9.07%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 earnings per share.
AFSI has been the topic of a number of research reports. Zacks Investment Research lowered shares of AmTrust Financial Services from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. SunTrust Banks reaffirmed a “buy” rating and issued a $16.00 price target on shares of AmTrust Financial Services in a research note on Friday, November 10th. JMP Securities lowered shares of AmTrust Financial Services from an “outperform” rating to a “market perform” rating in a research note on Monday, November 13th. B. Riley reaffirmed a “neutral” rating and issued a $12.00 price target on shares of AmTrust Financial Services in a research note on Monday, November 6th. Finally, ValuEngine lowered shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $15.33.
Shares of AmTrust Financial Services (AFSI) traded down $0.24 during trading on Friday, reaching $9.91. 1,429,900 shares of the company were exchanged, compared to its average volume of 2,012,593. The stock has a market cap of $1,989.67, a price-to-earnings ratio of 9.58 and a beta of 1.12. AmTrust Financial Services has a 1 year low of $8.80 and a 1 year high of $28.21. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.53.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 6.86%. The ex-dividend date is Friday, December 29th. AmTrust Financial Services’s dividend payout ratio (DPR) is -424.97%.
In other AmTrust Financial Services news, SVP Ariel Gorelik bought 2,962 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were acquired at an average cost of $9.33 per share, with a total value of $27,635.46. Following the purchase, the senior vice president now directly owns 5,977 shares of the company’s stock, valued at approximately $55,765.41. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 50.80% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of AmTrust Financial Services during the 3rd quarter valued at approximately $135,000. Sapphire Star Partners LP purchased a new stake in shares of AmTrust Financial Services during the 3rd quarter valued at approximately $153,000. Paragon Capital Management Ltd purchased a new stake in shares of AmTrust Financial Services during the 3rd quarter valued at approximately $165,000. Symons Capital Management Inc. purchased a new stake in shares of AmTrust Financial Services during the 3rd quarter valued at approximately $172,000. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of AmTrust Financial Services by 4.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 13,181 shares of the insurance provider’s stock valued at $200,000 after buying an additional 506 shares during the period. 33.68% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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