Abacus Life (ABL) Scheduled to Post Quarterly Earnings on Thursday

Abacus Life (NASDAQ:ABL) is scheduled to issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.13 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Abacus Life (NASDAQ:ABL) last posted its quarterly earnings data on Monday, August 12th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.13 by $0.05. Abacus Life had a positive return on equity of 7.02% and a negative net margin of 6.19%. The firm had revenue of $29.08 million during the quarter, compared to the consensus estimate of $28.57 million. During the same period in the prior year, the company earned $0.13 EPS. On average, analysts expect Abacus Life to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Abacus Life Stock Up 0.3 %

NASDAQ ABL opened at $8.66 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.84 and a current ratio of 1.84. The business has a fifty day moving average price of $9.86 and a 200 day moving average price of $10.24. The company has a market cap of $553.59 million, a P/E ratio of 433.00 and a beta of 0.12. Abacus Life has a one year low of $5.75 and a one year high of $13.25.

Analyst Ratings Changes

Several brokerages have issued reports on ABL. B. Riley Financial restated a “buy” rating and issued a $16.00 target price on shares of Abacus Life in a report on Friday, August 30th. Northland Securities assumed coverage on Abacus Life in a report on Thursday, October 24th. They set an “outperform” rating and a $13.50 price target for the company. Northland Capmk upgraded Abacus Life to a “strong-buy” rating in a report on Thursday, October 24th. B. Riley reiterated a “buy” rating and set a $16.00 price target (up from $15.00) on shares of Abacus Life in a report on Thursday, August 29th. Finally, TD Cowen began coverage on Abacus Life in a report on Wednesday, August 7th. They set a “buy” rating and a $14.00 price target for the company. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $14.30.

Abacus Life Company Profile

Abacus Life, Inc operates as an alternative asset manager specializing in life insurance products. It purchases life insurance policies from consumers seeking liquidity and manages policies over time via trading, holding, and/or servicing. The company was founded in 2004 and is based in Orlando, Florida.