Home Earnings Preview Street Expectation From AMERISAFE, Inc. ($AMSF) 3Q20 Earnings?

Street Expectation From AMERISAFE, Inc. ($AMSF) 3Q20 Earnings?

AMERISAFE, Inc. (NASDAQ:AMSF) is reporting third quarter financial results on Wednesday 28th October 2020, after market close.

According to analysts surveyed by Thomson Reuters, AMSF is expected to report 3Q20 income of $ 0.72 per share from revenue of $ 82.85 million.

For the full year, analysts anticipate top line of $ 333.05 million, while looking forward to income of $ 3.45 per share bottom line.

Previous Quarter Performance

AMERISAFE, Inc. communicated income for the second quarter of $ 1.00 per share, from the revenue of $ 89.08 million. The quarterly earnings extended 11.11 percent while revenues reduced 2.91 percent compared with the same quarter last year.
According to street consensus, AMSF was expected to report 2Q20 income of $ 0.69 per share from revenue of $ 76.43 million. The bottom line results beat street analysts by $ 0.31 or 44.93 percent, at the same time, top line results outshined analysts by $ 12.65 million or 16.55 percent.

Stock Performance

Shares of AMERISAFE, Inc. traded low $ -1.04 or -1.79 percent on Tuesday, reaching $ 57.21 with volume of 86.90 thousand shares. AMERISAFE, Inc. has traded high as $ 58.06 and has cracked $ 57.17 on the downward trend

According to the previous trading day, closing price of $ 57.21, representing a 21.30 % increase from the 52 week low of $ 48.02 and a 27.77 % decrease over the 52 week high of $ 80.65.

The company has a market capital of $ 1.11 billion and is part of the Financial Services sector and Insurance – Specialty industry.

Recent Stock Dividend Announcement

On July 27, 2020, the board of directors authorized quarterly dividend of $ 0.27 per share to holders of record as of the close of business on September 11, 2020, with payment date of September 25, 2020 and ex-dividend date on September 10, 2020.

AMERISAFE, Inc., an insurance holding company, underwrites workers compensation insurance in the United States. Its workers compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. The company provides workers compensation insurance for small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, agriculture, maritime, and oil and gas.