AMERISAFE (NASDAQ:AMSF) Issues Earnings Results, Misses Expectations By $0.08 EPS

Key Points

• AMERISAFE reported quarterly EPS of $0.40, missing analysts’ consensus estimate of $0.48 by $0.08. The company posted a 14.00% net margin and 14.87% return on equity.
• Shares fell 0.6% to $25.30 following the results, with the stock trading well below its 12-month high of $42.10.
• Analyst sentiment remains mixed but leans toward “Hold”; AMERISAFE has a consensus price target of $35.67, while several firms recently lowered their targets or issued sell-related ratings.

AMERISAFE (NASDAQ:AMSF - Get Free Report) posted its quarterly earnings results on Wednesday. The insurance provider reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.48 by ($0.08), FiscalAI reports. AMERISAFE had a net margin of 14.00% and a return on equity of 14.87%.

AMERISAFE Stock Down 0.6%

Shares of AMSF traded down $0.16 during midday trading on Wednesday, reaching $25.30. 260,363 shares of the stock were exchanged, compared to its average volume of 291,009. AMERISAFE has a twelve month low of $23.20 and a twelve month high of $42.10. The company has a market cap of $469.06 million, a P/E ratio of 10.20 and a beta of 0.24. The stock's 50 day simple moving average is $25.08 and its 200 day simple moving average is $31.20.

Wall Street Analyst Weigh In

Several research firms have commented on AMSF. Wall Street Zen downgraded shares of AMERISAFE from a "hold" rating to a "sell" rating in a report on Tuesday, October 20th. Citizens Jmp cut their target price on shares of AMERISAFE from $42.00 to $40.00 and set a "market outperform" rating for the company in a research note on Monday, October 12th. Zacks Research raised shares of AMERISAFE from a "strong sell" rating to a "hold" rating in a report on Monday, September 28th. Weiss Ratings reissued a "sell (d+)" rating on shares of AMERISAFE in a report on Monday. Finally, Truist Financial cut their price objective on shares of AMERISAFE from $32.00 to $27.00 and set a "hold" rating for the company in a research report on Tuesday, October 13th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, AMERISAFE presently has a consensus rating of "Hold" and an average target price of $35.67.

About AMERISAFE

AMERISAFE, Inc is a specialty workers' compensation insurance company serving small and midsized businesses. The company focuses on employers in industries with elevated workplace risks, including construction, trucking, logging, agriculture, manufacturing, and maritime operations.

Through its insurance subsidiaries, AMERISAFE provides workers' compensation coverage designed to protect businesses from costs associated with workplace injuries and occupational illnesses. Its services also include workplace safety and loss-control support, claims management, medical cost containment, and premium audit services.

Headquartered in DeRidder, Louisiana, AMERISAFE primarily serves employers in the southeastern and south-central United States.

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