Equities research analysts expect Amerisafe, Inc. (NASDAQ:AMSF) to announce $92.71 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Amerisafe’s earnings, with the highest sales estimate coming in at $92.80 million and the lowest estimate coming in at $92.61 million. Amerisafe reported sales of $100.03 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 7.3%. The company is scheduled to announce its next earnings report after the market closes on Monday, February 26th.
On average, analysts expect that Amerisafe will report full-year sales of $92.71 million for the current fiscal year, with estimates ranging from $372.88 million to $373.00 million. For the next financial year, analysts expect that the company will post sales of $364.55 million per share, with estimates ranging from $364.30 million to $364.79 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Amerisafe.
AMSF has been the subject of a number of analyst reports. B. Riley reiterated a “buy” rating on shares of Amerisafe in a research report on Monday, November 6th. SunTrust Banks reiterated a “buy” rating and set a $69.00 price target on shares of Amerisafe in a research report on Friday, October 27th. FBR & Co reiterated a “buy” rating on shares of Amerisafe in a research report on Wednesday, October 25th. BidaskClub lowered Amerisafe from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Amerisafe in a research report on Thursday, October 26th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $66.00.
Amerisafe (NASDAQ:AMSF) opened at $58.40 on Monday. Amerisafe has a 52 week low of $51.20 and a 52 week high of $69.40. The company has a market capitalization of $1,123.85, a price-to-earnings ratio of 17.38 and a beta of 0.81.
A number of hedge funds have recently made changes to their positions in AMSF. Wolverine Trading LLC acquired a new position in Amerisafe during the 3rd quarter worth $206,000. Marco Investment Management LLC acquired a new position in Amerisafe during the 4th quarter worth $206,000. Jefferies Group LLC acquired a new stake in shares of Amerisafe in the fourth quarter valued at $216,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Amerisafe in the third quarter valued at $227,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in shares of Amerisafe in the second quarter valued at $237,000. Institutional investors own 99.52% of the company’s stock.
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Amerisafe, Inc is an insurance holding company. The Company is engaged in providing workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, and agriculture. It is engaged in underwriting the workers’ compensation exposures inherent in these industries.
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