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 is Wednesday, March 26th.

Afya has a dividend payout ratio of 12.4% indicating that its dividend is sufficiently covered by earnings. Research 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 Performance

AFYA stock opened at $17.93 on Monday. The stock has a market cap 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. 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 firm has a 50 day simple moving average of $16.72 and a 200 day simple moving average of $16.48. Afya has a 52 week low of $14.52 and a 52 week high of $20.55.

Analyst Upgrades and Downgrades

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