Equities research analysts expect that AmTrust Financial Services Inc (NASDAQ:AFSI) will announce earnings of $0.26 per share for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for AmTrust Financial Services’ earnings, with estimates ranging from $0.21 to $0.30. AmTrust Financial Services reported earnings per share of $0.32 in the same quarter last year, which would indicate a negative year over year growth rate of 18.8%. The company is expected to issue its next earnings report on Monday, May 28th.
According to Zacks, analysts expect that AmTrust Financial Services will report full year earnings of $1.18 per share for the current financial year, with EPS estimates ranging from $1.05 to $1.30. For the next financial year, analysts anticipate that the company will report earnings of $1.50 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow AmTrust Financial Services.
A number of research analysts recently issued reports on AFSI shares. Compass Point downgraded AmTrust Financial Services from a “buy” rating to a “neutral” rating and set a $15.00 price target on the stock. in a research note on Monday, February 26th. ValuEngine downgraded AmTrust Financial Services from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded AmTrust Financial Services from a “buy” rating to a “hold” rating in a research note on Monday, February 19th. SunTrust Banks downgraded AmTrust Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. Finally, BidaskClub upgraded AmTrust Financial Services from a “sell” rating to a “hold” rating in a research note on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $14.29.
In related news, Chairman Barry D. Zyskind bought 2,945,113 shares of the stock in a transaction on Thursday, April 19th. The shares were bought at an average cost of $12.62 per share, for a total transaction of $37,167,326.06. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Ariel Gorelik sold 5,707 shares of AmTrust Financial Services stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $13.30, for a total value of $75,903.10. The disclosure for this sale can be found here. Company insiders own 50.80% of the company’s stock.
Several hedge funds have recently made changes to their positions in AFSI. Swiss National Bank boosted its stake in shares of AmTrust Financial Services by 18.7% in the fourth quarter. Swiss National Bank now owns 166,780 shares of the insurance provider’s stock valued at $1,679,000 after buying an additional 26,300 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of AmTrust Financial Services in the fourth quarter valued at approximately $337,000. Koch Industries Inc. purchased a new stake in shares of AmTrust Financial Services in the fourth quarter valued at approximately $294,000. BBR Partners LLC purchased a new stake in shares of AmTrust Financial Services in the fourth quarter valued at approximately $201,000. Finally, Symons Capital Management Inc. boosted its stake in shares of AmTrust Financial Services by 121.6% in the fourth quarter. Symons Capital Management Inc. now owns 28,250 shares of the insurance provider’s stock valued at $285,000 after buying an additional 15,503 shares in the last quarter. Institutional investors own 28.79% of the company’s stock.
AmTrust Financial Services traded down $0.08, reaching $13.64, during mid-day trading on Friday, MarketBeat Ratings reports. 1,022,285 shares of the stock were exchanged, compared to its average volume of 2,540,626. The company has a market capitalization of $2.69 billion, a PE ratio of 12.94 and a beta of 1.29. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.43. AmTrust Financial Services has a 1 year low of $8.80 and a 1 year high of $16.37.
AmTrust Financial Services Company Profile
AmTrust Financial Services, Inc provides property and casualty insurance in the United States and internationally. The company operates in three segments: Small Commercial Business, Specialty Risk and Extended Warranty, and Specialty Program. The Small Commercial Business segment offers workers' compensation insurance products; and commercial package, and other property and casualty insurance products, such as commercial property, general liability, inland marine, employment practices liability, commercial automobile, and umbrella coverage to small businesses.
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