Afya (NASDAQ:AFYA) Posts Earnings Results, Misses Estimates By $0.01 EPS

Afya (NASDAQ:AFYA) released its quarterly earnings data on Wednesday. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01), FiscalAI reports. The company had revenue of $190.16 million during the quarter, compared to analyst estimates of $190.28 million. Afya had a net margin of 20.55% and a return on equity of 17.58%.

Afya Trading Down 3.7%

NASDAQ AFYA traded down $0.40 on Thursday, hitting $10.33. The company’s stock had a trading volume of 190,651 shares, compared to its average volume of 191,277. Afya has a 52-week low of $9.66 and a 52-week high of $16.16. The firm has a market cap of $968.16 million, a P/E ratio of 6.30, a PEG ratio of 1.69 and a beta of 0.43. The company’s 50-day simple moving average is $13.00 and its 200 day simple moving average is $14.05. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.39.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Citigroup raised shares of Afya from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $16.00 to $12.00 in a research report on Tuesday, November 3rd. Zacks Research downgraded Afya from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 3rd. Bradesco Corretora raised Afya to an “outperform” rating and set a $17.00 target price on the stock in a research report on Thursday, September 24th. Bank of America upgraded Afya from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Thursday, October 29th. Finally, Weiss Ratings lowered shares of Afya from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 29th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.18.

Insider Transactions at Afya

In other news, insider Santos Welder Ferreira sold 4,161 shares of Afya stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $13.30, for a total value of $55,341.30. Following the completion of the transaction, the insider owned 35,000 shares of the company’s stock, valued at $465,500. The trade was a 10.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.80% of the company’s stock.

About Afya

Afya Limited is a Brazilian medical education and digital health company. Its education business offers undergraduate medical degree programs, medical residency preparation, postgraduate courses and continuing education for health professionals. The company also provides digital tools and services for medical students and practicing physicians, including clinical reference, practice-management and learning resources. These offerings support professionals at different stages of their medical careers.