AFC Gamma (AFCG) to Release Earnings on Thursday

AFC Gamma (NASDAQ:AFCG) is scheduled to be releasing its earnings data before the market opens on Thursday, May 9th. Analysts expect AFC Gamma to post earnings of $0.48 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

AFC Gamma (NASDAQ:AFCG) last announced its earnings results on Thursday, March 7th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.01. AFC Gamma had a return on equity of 12.10% and a net margin of 30.38%. The business had revenue of $15.97 million during the quarter, compared to the consensus estimate of $18.06 million. During the same period in the prior year, the company posted $0.61 EPS. On average, analysts expect AFC Gamma to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

AFC Gamma Price Performance

AFC Gamma stock opened at $12.40 on Tuesday. The stock has a market capitalization of $256.27 million, a P/E ratio of 12.16 and a beta of 1.04. The company’s fifty day moving average price is $11.99 and its 200 day moving average price is $11.75. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.87 and a current ratio of 4.87. AFC Gamma has a 1 year low of $9.91 and a 1 year high of $14.60.

AFC Gamma Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 15.48%. The ex-dividend date was Wednesday, March 27th. AFC Gamma’s payout ratio is 188.24%.

About AFC Gamma

AFC Gamma, Inc originates, structures, underwrites, and invests in senior secured loans, and other various commercial real estate loans and debt securities for established companies operating in the cannabis industry. It primarily originates loans structured as senior loans secured by real estate, equipment, and licenses and/or other assets of the loan parties to the extent permitted by applicable laws and the regulations governing such loan parties.