AmTrust Financial Services, Inc. Forecasted to Earn FY2017 Earnings of $0.97 Per Share (AFSI)

AmTrust Financial Services, Inc. (NASDAQ:AFSI) – Research analysts at B. Riley issued their FY2017 EPS estimates for shares of AmTrust Financial Services in a research report issued on Thursday. B. Riley analyst R. Binner expects that the insurance provider will post earnings per share of $0.97 for the year. B. Riley has a “Neutral” rating and a $12.00 price target on the stock. B. Riley also issued estimates for AmTrust Financial Services’ FY2018 earnings at $1.45 EPS.

AmTrust Financial Services (NASDAQ:AFSI) last posted its quarterly earnings results on Wednesday, November 8th. The insurance provider reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.37). The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.29 billion. AmTrust Financial Services had a net margin of 0.49% and a return on equity of 9.07%. The business’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 earnings per share.

COPYRIGHT VIOLATION NOTICE: This story was originally reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are reading this story on another publication, it was stolen and republished in violation of United States & international trademark & copyright laws. The correct version of this story can be accessed at https://www.truebluetribune.com/2017/11/14/amtrust-financial-services-inc-forecasted-to-earn-fy2017-earnings-of-0-97-per-share-afsi.html.

Other equities research analysts have also issued reports about the company. SunTrust Banks, Inc. reissued a “buy” rating and set a $16.00 price target on shares of AmTrust Financial Services in a research report on Friday. TheStreet lowered AmTrust Financial Services from a “c” rating to a “d” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised AmTrust Financial Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 10th. ValuEngine lowered AmTrust Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, JMP Securities lowered AmTrust Financial Services from an “outperform” rating to a “market perform” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $16.33.

Shares of AmTrust Financial Services (NASDAQ:AFSI) opened at $9.49 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a market capitalization of $2,019.07, a P/E ratio of 9.72 and a beta of 1.20. AmTrust Financial Services has a 52-week low of $9.23 and a 52-week high of $28.48.

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of AmTrust Financial Services by 33.6% in the first quarter. Vanguard Group Inc. now owns 8,667,061 shares of the insurance provider’s stock worth $159,994,000 after purchasing an additional 2,181,846 shares in the last quarter. Amalgamated Bank grew 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 worth $234,000 after purchasing an additional 172 shares in the last quarter. Rhumbline Advisers grew its stake in shares of AmTrust Financial Services by 10.1% in the second quarter. Rhumbline Advisers now owns 178,400 shares of the insurance provider’s stock worth $2,701,000 after purchasing an additional 16,376 shares in the last quarter. Riverhead Capital Management LLC grew its stake in shares of AmTrust Financial Services by 166.4% in the second quarter. Riverhead Capital Management LLC now owns 98,909 shares of the insurance provider’s stock worth $1,498,000 after purchasing an additional 61,784 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of AmTrust Financial Services by 20.3% in the second quarter. Royal Bank of Canada now owns 4,012,368 shares of the insurance provider’s stock worth $60,748,000 after purchasing an additional 676,537 shares in the last quarter. 34.72% of the stock is owned by institutional investors.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be paid a $0.17 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.68 annualized dividend and a dividend yield of 7.17%. AmTrust Financial Services’s payout ratio is -424.97%.

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.

Earnings History and Estimates for AmTrust Financial Services (NASDAQ:AFSI)

Receive News & Ratings for AmTrust Financial Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AmTrust Financial Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply