AMERISAFE Inc (NASDAQ: AMSF) has reported earnings for its second fiscal quarter (ending June 30) of $0.58 versus $0.82 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $2.98 versus $3.40 for the same period a year ago.
Recent Price Action
AMERISAFE Inc (NASDAQ: AMSF) stock declined modestly by -1.9% on 7/29/24. The stock closed at $49.68. However, trading volume in this decline was normal at 83% of normal. The stock has been weak relative to the market over the last nine months but has risen 4.5% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, AMSF is expected to continue to be a Value Builder.
AMERISAFE has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. AMERISAFE has a slightly negative Power Rating of 36 and a very low Appreciation Score of 11, resulting in the Lowest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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