Amerisafe Inc reports results for the quarter ended September 30 - Earnings Summary

• Amerisafe Inc AMSF.OQ reported quarterly adjusted earnings of 55 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 58 cents. The mean expectation of three analysts for the quarter was for earnings of 56 cents per share. Wall Street expected results to range from 55 cents to 57 cents per share.

• Revenue rose 4.2% to $81.98 million from a year ago; analysts expected $78.30 million.

• Amerisafe Inc's reported EPS for the quarter was 72 cents​.

• The company reported quarterly net income of $13.82 million.

• Amerisafe Inc shares had fallen by 7.4% this quarter and lost 21.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the property & casualty insurance peer group is "buy."

• Wall Street's median 12-month price target for Amerisafe Inc is $50.00, about 18.8% above its last closing price of $40.60

This summary was machine generated from LSEG data October 29 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)