Abacus Life (ABL) to Release Earnings on Thursday

Abacus Life (NASDAQ:ABL) is anticipated to release its earnings data after the market closes on Thursday, March 27th. Analysts expect Abacus Life to post earnings of $0.14 per share and revenue of $28.76 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Abacus Life Stock Down 1.6 %

ABL stock opened at $7.52 on Tuesday. The company has a market capitalization of $726.77 million, a P/E ratio of -41.78 and a beta of 0.14. Abacus Life has a 12 month low of $6.75 and a 12 month high of $12.50. The firm’s fifty day simple moving average is $7.62 and its 200-day simple moving average is $8.35. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.29 and a quick ratio of 1.29.

Wall Street Analyst Weigh In

Separately, B. Riley cut their price target on Abacus Life from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus 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.