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

Afya Limited (NASDAQ:AFYA) declared a — dividend on Thursday, March 13th, NASDAQ Dividends reports. Stockholders of record on Wednesday, March 26th will be paid a dividend of 0.232 per share on Friday, April 4th. The ex-dividend date of this dividend 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 Trading Down 0.3 %

Shares of AFYA stock opened at $17.93 on Monday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.51. The stock has a 50-day simple moving average of $16.72 and a 200 day simple moving average of $16.48. Afya has a fifty-two week low of $14.52 and a fifty-two week high of $20.55. The stock has a market capitalization of $1.68 billion, a P/E ratio of 14.46, a P/E/G ratio of 0.29 and a beta of 0.82.

Analyst Upgrades and Downgrades

AFYA has been the topic of several recent research reports. Citigroup reaffirmed a “sell” rating and issued a $15.00 price objective (down previously from $18.00) on shares of Afya in a research note on Friday, January 31st. Morgan Stanley lowered shares of Afya from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $19.00 to $17.00 in a research report on Tuesday, March 11th. The Goldman Sachs Group started coverage on Afya in a research report on Tuesday, December 3rd. They set a “sell” rating and a $16.00 price objective for the company. Finally, JPMorgan Chase & Co. decreased 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. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price 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.