What is Northland Securities' Forecast for ABX Q1 Earnings?

Key Points

• Northland Securities expects Abacus Global Management to earn $0.27 per share in Q1 2027, with quarterly estimates rising to $0.34 by Q4 and full-year 2027 earnings projected at $1.24 per share.
• Analyst sentiment is mixed but leans positive: Abacus has a consensus “Moderate Buy” rating and a $12.00 price target, while shares opened at $9.77.
• The company authorized a $100 million share buyback, potentially repurchasing up to 12.2% of outstanding shares; however, insiders sold 436,000 shares worth approximately $4.04 million in the latest quarter.

Abacus Global Management, Inc. (NYSE:ABX - Free Report) - Research analysts at Northland Securities issued their Q1 2027 earnings estimates for Abacus Global Management in a note issued to investors on Wednesday, August 26th. Northland Securities analyst M. Grondahl forecasts that the company will post earnings of $0.27 per share for the quarter. The consensus estimate for Abacus Global Management's current full-year earnings is $1.04 per share. Northland Securities also issued estimates for Abacus Global Management's Q2 2027 earnings at $0.30 EPS, Q3 2027 earnings at $0.33 EPS, Q4 2027 earnings at $0.34 EPS and FY2027 earnings at $1.24 EPS.

A number of other equities research analysts have also recently commented on the stock. B. Riley Financial reissued a "buy" rating on shares of Abacus Global Management in a research report on Friday, August 7th. Piper Sandler decreased their price objective on Abacus Global Management from $13.00 to $12.00 and set a "neutral" rating for the company in a report on Friday, August 7th. Weiss Ratings reissued a "hold (c)" rating on shares of Abacus Global Management in a research report on Thursday, June 11th. Wall Street Zen downgraded Abacus Global Management from a "buy" rating to a "hold" rating in a research note on Saturday, May 2nd. Finally, Texas Capital raised Abacus Global Management to a "strong-buy" rating in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Abacus Global Management currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.00.

Abacus Global Management Stock Down 1.1%

NYSE:ABX opened at $9.77 on Thursday. The company's 50-day simple moving average is $10.22 and its 200-day simple moving average is $9.43. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.70 and a current ratio of 0.70. Abacus Global Management has a fifty-two week low of $5.00 and a fifty-two week high of $12.44. The stock has a market capitalization of $955.41 million, a P/E ratio of 34.89 and a beta of 0.07.

Institutional Investors Weigh In On Abacus Global Management

A number of institutional investors and hedge funds have recently modified their holdings of ABX. Citizens Financial Group Inc. RI purchased a new stake in Abacus Global Management in the fourth quarter valued at approximately $889,000. Summit Wealth & Retirement Planning Inc. acquired a new stake in Abacus Global Management during the 4th quarter valued at approximately $86,000. Pacific Ridge Capital Partners LLC acquired a new stake in Abacus Global Management during the 4th quarter valued at approximately $962,000. World Investment Advisors purchased a new stake in shares of Abacus Global Management in the 4th quarter valued at $181,000. Finally, Axxcess Wealth Management LLC purchased a new stake in shares of Abacus Global Management in the 4th quarter valued at $98,000.

Insiders Place Their Bets

In other news, major shareholder Kevin Scott Kirby sold 38,334 shares of Abacus Global Management stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $10.31, for a total transaction of $395,223.54. Following the completion of the sale, the insider directly owned 12,610,305 shares in the company, valued at approximately $130,012,244.55. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Sean Mcnealy sold 38,333 shares of the business's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $10.31, for a total transaction of $395,213.23. Following the sale, the insider directly owned 12,610,606 shares in the company, valued at $130,015,347.86. This trade represents a 0.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 436,000 shares of company stock valued at $4,042,070. Corporate insiders own 46.40% of the company's stock.

Abacus Global Management announced that its board has authorized a share buyback program on Friday, August 14th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 12.2% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

Abacus Global Management 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.

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