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

Abacus Life (NASDAQ:ABL) is set to post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Abacus Life to post 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 issued its quarterly earnings data on Monday, August 12th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $29.08 million during the quarter, compared to analysts’ expectations of $28.57 million. During the same quarter in the previous year, the business earned $0.13 earnings per share. 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 Price Performance

Shares of NASDAQ ABL opened at $8.66 on Thursday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.59. Abacus Life has a twelve month low of $5.75 and a twelve month high of $13.25. The stock has a 50 day moving average of $9.86 and a two-hundred day moving average of $10.24. The stock has a market cap of $553.59 million, a P/E ratio of 433.00 and a beta of 0.12.

Wall Street Analyst Weigh In

ABL has been the topic of a number of recent research reports. Northland Securities initiated coverage on Abacus Life in a report on Thursday, October 24th. They issued an “outperform” rating and a $13.50 target price on the stock. B. Riley reissued a “buy” rating and issued a $16.00 target price (up previously from $15.00) on shares of Abacus Life in a report on Thursday, August 29th. TD Cowen initiated coverage on Abacus Life in a report on Wednesday, August 7th. They issued a “buy” rating and a $14.00 target price on the stock. Northland Capmk raised Abacus Life to a “strong-buy” rating in a report on Thursday, October 24th. Finally, B. Riley Financial reissued a “buy” rating and issued a $16.00 target price on shares of Abacus Life in a report on Friday, August 30th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Abacus Life has an average rating of “Buy” and an average target price of $14.30.

About Abacus Life

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.