Abacus Life (ABL) Set to Announce Earnings on Thursday

Abacus Life (NASDAQ:ABL) will 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. Persons that are 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 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.05. The business had revenue of $29.08 million for the quarter, compared to analyst estimates of $28.57 million. Abacus Life had a negative net margin of 6.19% and a positive return on equity of 7.02%. During the same period last year, the business posted $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 $8.56 on Wednesday. The company has a fifty day moving average price of $9.74 and a 200 day moving average price of $10.14. The firm has a market cap of $639.01 million, a PE ratio of -86.30 and a beta of 0.15. 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 1-year low of $5.75 and a 1-year high of $13.25.

Wall Street Analyst Weigh In

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