B. Riley Brokers Reduce Earnings Estimates for AmTrust Financial Services Inc (NASDAQ:AFSI)

AmTrust Financial Services Inc (NASDAQ:AFSI) – Stock analysts at B. Riley cut their FY2017 earnings per share estimates for shares of 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 expects that the insurance provider will post earnings of $0.89 per share for the year, down from their previous estimate of $0.97. B. Riley has a “Neutral” rating and a $12.00 price objective on the stock. B. Riley also issued estimates for AmTrust Financial Services’ Q4 2017 earnings at $0.20 EPS.

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

A number of other research firms have also commented on AFSI. Zacks Investment Research lowered shares of AmTrust Financial Services from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. SunTrust Banks restated a “buy” rating and set a $16.00 price target on shares of AmTrust Financial Services in a research report on Friday, November 10th. JMP Securities lowered shares of AmTrust Financial Services from an “outperform” rating to a “market perform” rating in a research report on Monday, November 13th. BidaskClub lowered shares of AmTrust Financial Services from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, ValuEngine lowered shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. One equities 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. The company presently has a consensus rating of “Hold” and an average price target of $14.71.

AmTrust Financial Services (NASDAQ:AFSI) opened at $12.55 on Friday. The company has a market cap of $2,460.00, a price-to-earnings ratio of -39.22 and a beta of 1.10. 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 1 year low of $8.80 and a 1 year high of $27.93.

A number of large investors have recently made changes to their positions in AFSI. Schwab Charles Investment Management Inc. grew its position in AmTrust Financial Services by 25.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 805,811 shares of the insurance provider’s stock worth $12,200,000 after acquiring an additional 164,917 shares in the last quarter. Rhumbline Advisers grew its position in 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 acquiring an additional 16,376 shares in the last quarter. Bank of New York Mellon Corp grew its position in AmTrust Financial Services by 19.3% in the second quarter. Bank of New York Mellon Corp now owns 740,272 shares of the insurance provider’s stock worth $11,207,000 after acquiring an additional 119,775 shares in the last quarter. Federated Investors Inc. PA purchased a new position in AmTrust Financial Services in the second quarter worth $390,000. Finally, Pacer Advisors Inc. grew its position in AmTrust Financial Services by 3.4% in the second quarter. Pacer Advisors Inc. now owns 14,972 shares of the insurance provider’s stock worth $227,000 after acquiring an additional 495 shares in the last quarter. Institutional investors own 33.68% of the company’s stock.

In related news, SVP Ariel Gorelik bought 2,962 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was bought at an average cost of $9.33 per share, for a total transaction of $27,635.46. Following the completion of the transaction, the senior vice president now owns 5,977 shares of the company’s stock, valued at $55,765.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 50.80% of the stock is currently owned by insiders.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.68 annualized dividend and a yield of 5.42%. AmTrust Financial Services’s dividend payout ratio (DPR) is presently -212.50%.

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AmTrust Financial Services Company Profile

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

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