AFC Gamma (AFCG) Scheduled to Post Earnings on Wednesday

AFC Gamma (NASDAQ:AFCG) will post its quarterly earnings results before the market opens on Wednesday, November 13th. Analysts expect AFC Gamma to post earnings of $0.33 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

AFC Gamma (NASDAQ:AFCG) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.05. The business had revenue of $19.96 million during the quarter, compared to analyst estimates of $16.48 million. AFC Gamma had a return on equity of 12.41% and a net margin of 21.97%. On average, analysts expect AFC Gamma to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

AFC Gamma Trading Up 1.4 %

Shares of NASDAQ AFCG opened at $9.85 on Wednesday. The company has a quick ratio of 4.77, a current ratio of 4.77 and a debt-to-equity ratio of 0.11. AFC Gamma has a 12 month low of $8.06 and a 12 month high of $13.35. The company has a market cap of $203.60 million, a price-to-earnings ratio of 13.49 and a beta of 1.05. The business has a fifty day simple moving average of $10.20 and a 200-day simple moving average of $10.78.

AFC Gamma Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 13.40%. The ex-dividend date was Monday, September 30th. AFC Gamma’s dividend payout ratio (DPR) is currently 180.82%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Seaport Res Ptn raised shares of AFC Gamma to a “strong-buy” rating in a research note on Tuesday, October 8th. Compass Point raised AFC Gamma from a “sell” rating to a “neutral” rating and decreased their target price for the stock from $10.00 to $9.00 in a research report on Friday, August 16th. Finally, Jefferies Financial Group dropped their price target on AFC Gamma from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, September 3rd. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $11.00.

About AFC Gamma

AFC Gamma, Inc originates, structures, underwrites, and invests in senior secured loans, and other various commercial real estate loans and debt securities for established companies operating in the cannabis industry. It primarily originates loans structured as senior loans secured by real estate, equipment, and licenses and/or other assets of the loan parties to the extent permitted by applicable laws and the regulations governing such loan parties.