Stock Track | Amerisafe Stock Surges 5.3% on Strong Q3 Results and Special Dividend

Stock Track

Oct 24, 2024

Shares of Amerisafe Inc (AMSF), a leading provider of high-hazard workers' compensation insurance, soared 5.3% on Wednesday, October 24th, after the company reported better-than-expected third-quarter earnings and announced a special cash dividend.

According to the Q3 earnings report, Amerisafe's adjusted earnings per share of $0.58 matched analyst estimates, while revenue rose 8.3% year-over-year to $78.7 million, surpassing expectations of $75.32 million. The company's net income for the quarter reached $14.32 million.

Additionally, Amerisafe declared a special cash dividend of $3 per share, payable on December 13th to shareholders of record as of December 6th. This unexpected cash distribution to investors is likely a key driver behind the stock's sharp rally, reflecting the company's strong financial position and commitment to returning value to shareholders.

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The company's net income for the quarter reached $14.32 million.</p>\n\n<p>Additionally, Amerisafe declared a special cash dividend of $3 per share, payable on December 13th to shareholders of record as of December 6th. This unexpected cash distribution to investors is likely a key driver behind the stock's sharp rally, reflecting the company's strong financial position and commitment to returning value to shareholders.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMSF","symbol_name":"Amerisafe Inc","start_time":0,"source_url":"","article_id":"1175243872","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1175243872","pubTimestamp":1729776990,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Amerisafe Inc , a leading provider of high-hazard workers' compensation insurance, soared 5.3% on Wednesday, October 24th, after the company reported better-than-expected third-quarter earnings and announced a special cash dividend.According to the Q3 earnings report, Amerisafe's adjusted earnings per share of $0.58 matched analyst estimates, while revenue rose 8.3% year-over-year to $78.7 million, surpassing expectations of $75.32 million. The company's net income for the quarter reac","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"AMSF":"Amerisafe Inc"},"translate_title":"股票轨迹Amerisafe股价因强劲的第三季度业绩和特别股息而飙升5.3%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMSF":1},"content_text":"Shares of Amerisafe Inc (AMSF), a leading provider of high-hazard workers' compensation insurance, soared 5.3% on Wednesday, October 24th, after the company reported better-than-expected third-quarter earnings and announced a special cash dividend.\nAccording to the Q3 earnings report, Amerisafe's adjusted earnings per share of $0.58 matched analyst estimates, while revenue rose 8.3% year-over-year to $78.7 million, surpassing expectations of $75.32 million. 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