Brokers Set Expectations for AmTrust Financial Services Inc’s FY2018 Earnings (AFSI)

AmTrust Financial Services Inc (NASDAQ:AFSI) – Equities researchers at B. Riley raised their FY2018 earnings per share (EPS) estimates for AmTrust Financial Services in a research report issued to clients and investors on Thursday, according to Zacks Investment Research. B. Riley analyst R. Binner now anticipates that the insurance provider will post earnings of $1.65 per share for the year, up from their prior forecast of $1.45. B. Riley currently has a “Neutral” rating and a $12.00 target price on the stock. B. Riley also issued estimates for AmTrust Financial Services’ FY2019 earnings at $2.15 EPS.

Other analysts have also issued research reports about the stock. SunTrust Banks reaffirmed a “buy” rating and set a $16.00 target price on shares of AmTrust Financial Services in a report on Friday, November 10th. Zacks Investment Research raised shares of AmTrust Financial Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 10th. BidaskClub raised shares of AmTrust Financial Services from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. ValuEngine lowered shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $10.00 target price on shares of AmTrust Financial Services in a report on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. AmTrust Financial Services has an average rating of “Hold” and a consensus price target of $14.71.

Shares of AmTrust Financial Services (NASDAQ AFSI) traded up $0.18 during trading on Monday, hitting $12.86. 1,910,000 shares of the company were exchanged, compared to its average volume of 2,020,000. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.46. AmTrust Financial Services has a fifty-two week low of $8.80 and a fifty-two week high of $27.93. The firm has a market capitalization of $2,520.00, a price-to-earnings ratio of -40.19 and a beta of 1.10.

AmTrust Financial Services (NASDAQ:AFSI) last issued its quarterly earnings results on Wednesday, November 8th. The insurance provider reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.37). The company had revenue of $1.46 billion during 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 for the quarter was up 4.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.47 EPS.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd were given a dividend of $0.17 per share. The ex-dividend date was Friday, December 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.29%. AmTrust Financial Services’s dividend payout ratio is -212.50%.

In other news, SVP Ariel Gorelik purchased 2,962 shares of AmTrust Financial Services stock in a transaction dated Wednesday, November 15th. The shares were bought at an average cost of $9.33 per share, with a total value of $27,635.46. Following the completion of the transaction, the senior vice president now directly owns 5,977 shares in the company, valued at approximately $55,765.41. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 50.80% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of AFSI. State Street Corp lifted its position in AmTrust Financial Services by 54.1% in the 2nd quarter. State Street Corp now owns 3,292,917 shares of the insurance provider’s stock valued at $49,854,000 after acquiring an additional 1,156,431 shares in the last quarter. Royal Bank of Canada lifted its position in AmTrust Financial Services by 20.3% in the 2nd quarter. Royal Bank of Canada now owns 4,012,368 shares of the insurance provider’s stock valued at $60,748,000 after acquiring an additional 676,537 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in AmTrust Financial Services by 32.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,698,536 shares of the insurance provider’s stock valued at $36,324,000 after acquiring an additional 660,088 shares in the last quarter. Northern Trust Corp lifted its position in AmTrust Financial Services by 93.7% in the 2nd quarter. Northern Trust Corp now owns 1,304,835 shares of the insurance provider’s stock valued at $19,755,000 after acquiring an additional 631,314 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in AmTrust Financial Services by 459.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 744,289 shares of the insurance provider’s stock valued at $11,269,000 after acquiring an additional 611,277 shares in the last quarter. 33.68% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “Brokers Set Expectations for AmTrust Financial Services Inc’s FY2018 Earnings (AFSI)” was first published by BBNS and is owned by of BBNS. If you are reading this story on another site, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The legal version of this story can be viewed at https://baseballnewssource.com/markets/fy2018-earnings-estimate-for-amtrust-financial-services-inc-issued-by-b-riley-afsi/1823721.html.

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.

Get a free copy of the Zacks research report on AmTrust Financial Services (AFSI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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

 


Latest News

Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires


Leave a Reply

 
© 2006-2018 BBNS.