AMERISAFE (NASDAQ:AMSF) Announces Quarterly Earnings Results, Beats Estimates By $0.07 EPS

AMERISAFE (NASDAQ:AMSF) posted its quarterly earnings results on Wednesday. The insurance provider reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.07, Zacks reports. AMERISAFE had a net margin of 19.49% and a return on equity of 16.50%. The firm had revenue of $73.51 million for the quarter, compared to the consensus estimate of $77.37 million.

AMERISAFE Trading Up 0.8 %

NASDAQ:AMSF traded up $0.40 during mid-day trading on Friday, hitting $51.20. The company’s stock had a trading volume of 2,594 shares, compared to its average volume of 65,857. The stock has a fifty day moving average of $50.57 and a 200-day moving average of $51.62. The company has a market capitalization of $975.36 million, a price-to-earnings ratio of 16.00 and a beta of 0.35. AMERISAFE has a fifty-two week low of $41.97 and a fifty-two week high of $60.24.

AMERISAFE Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a $0.39 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.56 dividend on an annualized basis and a yield of 3.05%. AMERISAFE’s payout ratio is currently 51.21%.

AMERISAFE Company Profile

AMERISAFE, Inc, an insurance holding company, underwrites workers’ compensation insurance in the United States. The company provides benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. It sells its products through retail and wholesale brokers and agents; and small and mid-sized employers engaged in hazardous industries, including construction, trucking, logging and lumber, agriculture, manufacturing, telecommunications, and maritime.