The AmTrust Financial Services Inc. (AFSI) Issues Earnings Results

Marco Green
November 14, 2017

$19's average target is 100.42% above currents $9.48 stock price. Previously Amtrust Financial (NASDAQ:AFSI) reported $-0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $-0.13 with surprise factor of -144.4%. The rating was downgraded by Telsey Advisory Group on Wednesday, May 11 to "Market Perform". The firm has "Buy" rating by FBR Capital given on Thursday, September 3. FBR Capital maintained the shares of AFSI in report on Thursday, April 13 with "Buy" rating. Claar Advisors Llc acquired 19,711 shares as Copart Inc (CPRT)'s stock declined 0.66%. The shares were sold at an average price of $25.61, for a total transaction of $230,490.00. Copart Inc now has $8.29B valuation. The stock declined 0.27% or $0.23 reaching $83.7 on the news. Office Depot Inc (NASDAQ:ODP) has risen 51.05% since November 13, 2016 and is uptrending. It has outperformed by 17.82% the S&P500.

Investors sentiment increased to 9.26 in 2017 Q2. Its up 8.06, from 1.2 in 2017Q1. Boston Partners now owns 1,230,210 shares of the insurance provider's stock valued at $18,625,000 after buying an additional 916,199 shares during the last quarter. Nuveen Asset holds 12,458 shares or 0% of its portfolio. (NASDAQ:CPRT) or 856 shares. Riverhead Capital Mgmt Ltd Liability reported 98,909 shares stake. The SI to Dasan Zhone Solutions Incorporated's float is 0.11%. (NASDAQ:CPRT) for 22,656 shares. 28,762 were reported by Advsrs Asset Mgmt Incorporated. Cadence Cap Ltd Liability invested in 0.06% or 56,709 shares. Hedge funds and other institutional investors own 34.72% of the company's stock. (NASDAQ:CPRT) for 148,074 shares. Ig Management Limited stated it has 0.6% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). (NASDAQ:CPRT). Moreover, Navellier & Assoc Inc has 0.09% invested in Copart, Inc. AFSI's SI was 14.66M shares in November as released by FINRA. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Murphy Oil Corporation had 35 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by Compass Point with "Buy" on Friday, February 5. The rating was maintained by Compass Point on Friday, February 5 with "Buy". The firm has "Neutral" rating given on Monday, March 21 by Bank of America. Finally, BidaskClub lowered AmTrust Financial Services from a "hold" rating to a "sell" rating in a research note on Friday, August 11th. Keefe Bruyette & Woods maintained the shares of AFSI in report on Thursday, September 14 with "Hold" rating. The stock has "Hold" rating by Keefe Bruyette & Woods on Monday, June 5. Piper Jaffray maintained it with "Buy" rating and $90.0 target in Sunday, August 27 report. The firm has "Outperform" rating by Telsey Advisory Group given on Tuesday, December 8. The firm earned "Hold" rating on Thursday, August 24 by Piper Jaffray. Amtrust Financial has recorded a 50-day average of $13.17 and a two hundred day average of $14.33. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.71 by $0.02. AFSI's profit will be $52.92 million for 8.79 P/E if the $0.27 EPS becomes a reality. AmTrust Financial Services, Inc. Its down 0.43, from 1.18 in 2017Q1. The company holds 207.21 million outstanding shares and 109.32 million shares are floating in market. 30 funds opened positions while 58 raised stakes. Amalgamated Bank now owns 10,638 shares with a value of $143,000.

Having a price of $12.56, Amtrust Financial (NASDAQ:AFSI) traded -0.36% lower on the day. 69,324 were reported by Manufacturers Life The. California State Teachers Retirement accumulated 151,108 shares. William Blair also issued estimates for AmTrust Financial Services' Q4 2017 earnings at $0.25 EPS, Q1 2018 earnings at $0.30 EPS, Q2 2018 earnings at $0.29 EPS, Q3 2018 earnings at $0.31 EPS, Q4 2018 earnings at $0.40 EPS and FY2018 earnings at $1.30 EPS. 292,623 were reported by Tcw Grp Inc Inc. Sapphire Star Partners LP bought a new stake in shares of AmTrust Financial Services in the 3rd quarter valued at approximately $153,000. Ranger Investment Management L.P., a Texas-based fund reported 402,275 shares.

Among 8 analysts covering Amtrust Financial Services (NASDAQ:AFSI), 5 have Buy rating, 0 Sell and 3 Hold. State Street Corp lifted its stake in shares of AmTrust Financial Services by 54.1% in the 2nd quarter. Employees Retirement Sys Of Ohio owns 4,567 shares or 0% of their U.S. portfolio.

Since May 15, 2017, it had 0 insider purchases, and 1 insider sale for $69,610 activity. Another trade for 5,000 shares valued at $65,400 was sold by Ungar Stephen.

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