AFC Gamma (AFCG) Set to Announce Earnings on Wednesday

AFC Gamma (NASDAQ:AFCG) will be posting 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. Individual that wish to listen to the company’s earnings conference call can do so using this link.

AFC Gamma Price Performance

Shares of AFCG opened at $9.54 on Tuesday. The company has a market cap of $197.19 million, a price-to-earnings ratio of 13.07 and a beta of 1.05. AFC Gamma has a twelve month low of $8.06 and a twelve month high of $13.35. The company has a quick ratio of 4.77, a current ratio of 4.77 and a debt-to-equity ratio of 0.11. The company has a 50 day moving average of $10.14 and a two-hundred day moving average of $10.71.

AFC Gamma Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.32 annualized dividend and a dividend yield of 13.84%. AFC Gamma’s payout ratio is currently 180.82%.

Wall Street Analysts Forecast Growth

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

AFC Gamma Company Profile

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.