Abacus Life (ABL) to Release Quarterly Earnings on Thursday

Abacus Life (NASDAQ:ABL - Get Free Report) is projected to release its Q1 2025 earnings data after the market closes on Thursday, May 8th. Analysts expect the company to announce earnings of $0.16 per share and revenue of $39.51 million for the quarter.

Abacus Life (NASDAQ:ABL - Get Free Report) last announced its quarterly earnings data on Thursday, March 27th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. Abacus Life had a negative net margin of 11.65% and a positive return on equity of 12.88%. The company had revenue of $33.21 million during the quarter, compared to the consensus estimate of $28.76 million. 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 0.4 %

Shares of Abacus Life stock traded up $0.03 during trading on Tuesday, reaching $8.29. 111,049 shares of the company traded hands, compared to its average volume of 183,681. The firm has a market capitalization of $802.91 million, a PE ratio of -46.00 and a beta of 0.16. Abacus Life has a 1-year low of $6.34 and a 1-year high of $12.40. The company has a 50 day moving average price of $7.68 and a 200-day moving average price of $7.86. 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 Analysts Forecast Growth

Several brokerages have recently commented on ABL. Piper Sandler reduced their target price on Abacus Life from $13.00 to $11.50 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. B. Riley reduced their price objective on Abacus Life from $17.00 to $15.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. Finally, Maxim Group started coverage on shares of Abacus Life in a research note on Tuesday, April 29th. They set a "buy" rating and a $14.00 price target for the company. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $14.00.

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.