Wall Street brokerages expect AmTrust Financial Services Inc (NASDAQ:AFSI) to announce $0.26 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have made estimates for AmTrust Financial Services’ earnings. The lowest EPS estimate is $0.21 and the highest is $0.30. AmTrust Financial Services posted earnings of $0.32 per share during the same quarter last year, which indicates a negative year over year growth rate of 18.8%. The business is scheduled to announce its next quarterly earnings results on Monday, July 2nd.
On average, analysts expect that AmTrust Financial Services will report full-year earnings of $1.18 per share for the current fiscal year, with EPS estimates ranging from $1.05 to $1.30. For the next year, analysts anticipate that the firm will post earnings of $1.50 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow AmTrust Financial Services.
Several analysts have issued reports on AFSI shares. BidaskClub raised shares of AmTrust Financial Services from a “hold” rating to a “buy” rating in a research note on Monday, June 18th. Zacks Investment Research raised shares of AmTrust Financial Services from a “strong sell” rating to a “hold” rating in a research note on Monday, June 18th. TheStreet raised shares of AmTrust Financial Services from a “d+” rating to a “c+” rating in a research note on Monday, June 4th. Finally, ValuEngine downgraded shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a research note on Friday, June 1st. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.29.
Shares of NASDAQ AFSI traded up $0.03 during trading on Friday, hitting $14.56. The company had a trading volume of 61,108 shares, compared to its average volume of 2,019,168. The stock has a market capitalization of $2.85 billion, a P/E ratio of 13.69 and a beta of 1.29. AmTrust Financial Services has a 52 week low of $8.80 and a 52 week high of $16.37. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.53 and a current ratio of 0.53.
In other news, SVP Ariel Gorelik sold 5,707 shares of the company’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $13.30, for a total value of $75,903.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Barry D. Zyskind purchased 2,945,113 shares of the company’s stock in a transaction dated Thursday, April 19th. The stock was bought at an average cost of $12.62 per share, for a total transaction of $37,167,326.06. The disclosure for this purchase can be found here. 50.80% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Great West Life Assurance Co. Can increased its stake in shares of AmTrust Financial Services by 40.5% in the first quarter. Great West Life Assurance Co. Can now owns 13,718 shares of the insurance provider’s stock worth $169,000 after acquiring an additional 3,954 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in AmTrust Financial Services by 35.9% in the first quarter. Russell Investments Group Ltd. now owns 15,074 shares of the insurance provider’s stock worth $186,000 after purchasing an additional 3,983 shares in the last quarter. Stifel Financial Corp boosted its holdings in AmTrust Financial Services by 18.7% in the first quarter. Stifel Financial Corp now owns 25,636 shares of the insurance provider’s stock worth $316,000 after purchasing an additional 4,036 shares in the last quarter. First Trust Advisors LP boosted its holdings in AmTrust Financial Services by 2.4% in the fourth quarter. First Trust Advisors LP now owns 323,960 shares of the insurance provider’s stock worth $3,262,000 after purchasing an additional 7,718 shares in the last quarter. Finally, Empire Life Investments Inc. boosted its holdings in AmTrust Financial Services by 31.2% in the fourth quarter. Empire Life Investments Inc. now owns 33,468 shares of the insurance provider’s stock worth $337,000 after purchasing an additional 7,962 shares in the last quarter. 28.93% of the stock is currently owned by institutional investors and hedge funds.
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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