Afya Limited Declares — Dividend of $0.23 (NASDAQ:AFYA)

Afya Limited (NASDAQ:AFYA) declared a — dividend on Thursday, March 13th, NASDAQ Dividends reports. Stockholders of record on Wednesday, March 26th will be given a dividend of 0.232 per share on Friday, April 4th. The ex-dividend date is Wednesday, March 26th.

Afya has a dividend payout ratio of 12.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Afya to earn $1.91 per share next year, which means the company should continue to be able to cover its $0.23 annual dividend with an expected future payout ratio of 12.0%.

Afya Stock Down 0.3 %

AFYA opened at $17.93 on Monday. Afya has a 1 year low of $14.52 and a 1 year high of $20.55. The firm has a 50 day moving average price of $16.72 and a 200 day moving average price of $16.48. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market cap of $1.68 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 0.29 and a beta of 0.82.

Analyst Ratings Changes

Several brokerages recently issued reports on AFYA. Citigroup reiterated a “sell” rating and issued a $15.00 price target (down from $18.00) on shares of Afya in a report on Friday, January 31st. JPMorgan Chase & Co. dropped their target price on Afya from $25.00 to $20.50 and set a “neutral” rating on the stock in a report on Friday, January 17th. The Goldman Sachs Group initiated coverage on Afya in a report on Tuesday, December 3rd. They issued a “sell” rating and a $16.00 price target for the company. Finally, Morgan Stanley lowered shares of Afya from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $19.00 to $17.00 in a research note on Tuesday, March 11th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to data from MarketBeat.com, Afya presently has a consensus rating of “Reduce” and a consensus price target of $17.60.

About Afya

Afya Limited, through its subsidiaries, operates as a medical education group in Brazil. The company operates through three segments: Undergrad, Continuing Education, and Digital Services. It offers educational products and services, including medical schools, medical residency preparatory courses, graduate courses, and other programs to lifelong medical learners enrolled across its distribution network, as well as to third-party medical schools.