Wall Street analysts expect that AmTrust Financial Services, Inc. (NASDAQ:AFSI) will report earnings of $0.41 per share for the current quarter, according to Zacks. Three analysts have provided estimates for AmTrust Financial Services’ earnings. The lowest EPS estimate is $0.32 and the highest is $0.48. AmTrust Financial Services reported earnings of $0.81 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 49.4%. The business is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, August 8th.
On average, analysts expect that AmTrust Financial Services will report full-year earnings of $1.67 per share for the current financial year, with EPS estimates ranging from $1.55 to $1.77. For the next financial year, analysts expect that the firm will post earnings of $2.03 per share, with EPS estimates ranging from $1.85 to $2.15. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that follow AmTrust Financial Services.
AmTrust Financial Services (NASDAQ:AFSI) last released its earnings results on Monday, May 8th. The insurance provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by $0.32. AmTrust Financial Services had a net margin of 7.55% and a return on equity of 17.24%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter last year, the firm posted $0.77 EPS. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year.
Several equities analysts have issued reports on AFSI shares. TheStreet downgraded shares of AmTrust Financial Services from a “b-” rating to a “c” rating in a report on Monday, May 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $16.00 price objective on shares of AmTrust Financial Services in a report on Tuesday, May 2nd. FBR & Co reaffirmed a “buy” rating on shares of AmTrust Financial Services in a report on Wednesday, April 12th. Compass Point reaffirmed a “buy” rating and set a $22.00 price objective (down from $26.00) on shares of AmTrust Financial Services in a report on Tuesday, May 30th. Finally, ValuEngine downgraded shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $19.50.
In related news, SVP Stephen Ungar sold 5,000 shares of the firm’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $13.92, for a total transaction of $69,600.00. Following the completion of the sale, the senior vice president now directly owns 175,256 shares in the company, valued at $2,439,563.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 42.80% of the company’s stock.
Several large investors have recently made changes to their positions in AFSI. Creative Planning boosted its position in shares of AmTrust Financial Services by 0.3% in the second quarter. Creative Planning now owns 15,913 shares of the insurance provider’s stock worth $241,000 after buying an additional 41 shares during the period. Amalgamated Bank increased its stake in shares of AmTrust Financial Services by 1.4% in the first quarter. Amalgamated Bank now owns 12,697 shares of the insurance provider’s stock valued at $234,000 after buying an additional 172 shares in the last quarter. First Quadrant L P CA increased its stake in shares of AmTrust Financial Services by 0.4% in the first quarter. First Quadrant L P CA now owns 47,399 shares of the insurance provider’s stock valued at $875,000 after buying an additional 199 shares in the last quarter. Parsons Capital Management Inc. RI increased its stake in shares of AmTrust Financial Services by 0.7% in the first quarter. Parsons Capital Management Inc. RI now owns 58,329 shares of the insurance provider’s stock valued at $1,077,000 after buying an additional 388 shares in the last quarter. Finally, CrestPoint Capital Management LLC increased its stake in shares of AmTrust Financial Services by 1.2% in the first quarter. CrestPoint Capital Management LLC now owns 51,600 shares of the insurance provider’s stock valued at $953,000 after buying an additional 600 shares in the last quarter. Institutional investors and hedge funds own 45.56% of the company’s stock.
AmTrust Financial Services (AFSI) traded up 0.98% on Wednesday, hitting $15.43. 155,447 shares of the company were exchanged. AmTrust Financial Services has a 52 week low of $11.80 and a 52 week high of $28.48. The firm’s 50 day moving average is $14.35 and its 200 day moving average is $19.17. The company has a market capitalization of $2.64 billion, a P/E ratio of 8.85 and a beta of 1.15.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Monday, July 3rd were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 4.45%. The ex-dividend date of this dividend was Thursday, June 29th. AmTrust Financial Services’s dividend payout ratio is currently 32.69%.
About AmTrust Financial Services
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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