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

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

Afya has a 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 %

Shares of NASDAQ AFYA opened at $17.93 on Monday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.51. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 0.29 and a beta of 0.82. Afya has a 12 month low of $14.52 and a 12 month high of $20.55. The stock has a 50-day moving average price of $16.72 and a two-hundred day moving average price of $16.48.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their price target on Afya from $25.00 to $20.50 and set a “neutral” rating on the stock in a report on Friday, January 17th. Citigroup restated a “sell” rating and set a $15.00 price target (down from $18.00) on shares of Afya in a report on Friday, January 31st. The Goldman Sachs Group assumed coverage on Afya in a report on Tuesday, December 3rd. They set a “sell” rating and a $16.00 price target on the stock. Finally, Morgan Stanley cut Afya from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $19.00 to $17.00 in a report on Tuesday, March 11th. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $17.60.

Afya Company Profile

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.