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

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% meaning 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 Afya stock 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’s fifty day simple moving average is $16.72 and its two-hundred day simple moving average is $16.48. The company has a market cap of $1.68 billion, a P/E 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.

Analyst Ratings Changes

A number of research firms have recently weighed in on AFYA. Citigroup reaffirmed a “sell” rating and issued a $15.00 target price (down from $18.00) on shares of Afya in a research report on Friday, January 31st. The Goldman Sachs Group began coverage on shares of Afya in a research report on Tuesday, December 3rd. They issued a “sell” rating and a $16.00 target price on the stock. Morgan Stanley downgraded shares of Afya from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $19.00 to $17.00 in a research report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Afya from $25.00 to $20.50 and set a “neutral” rating on the stock in a research 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 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.