Abacus Global Management (NYSE:ABX) Updates FY 2026 Earnings Guidance

Abacus Global Management (NYSE:ABX) updated its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 1.000-1.050 for the period, compared to the consensus estimate of 1.010. The company issued revenue guidance of -. Abacus Global Management also updated its Q3 2026 guidance to 0.260-0.280 EPS.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ABX. Piper Sandler dropped their price objective on Abacus Global Management from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Friday. B. Riley Financial reiterated a “buy” rating on shares of Abacus Global Management in a research report on Friday. Wall Street Zen downgraded shares of Abacus Global Management from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Abacus Global Management in a report on Thursday, June 11th. Finally, Texas Capital raised shares of Abacus Global Management to a “strong-buy” rating in a research note on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

Abacus Global Management Trading Down 8.1%

ABX stock opened at $9.56 on Friday. The business’s 50-day simple moving average is $10.19. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $916.90 million, a price-to-earnings ratio of 34.14 and a beta of 0.07. Abacus Global Management has a 1-year low of $5.00 and a 1-year high of $12.44.

Insider Activity

In other news, major shareholder Kevin Scott Kirby sold 38,334 shares of Abacus Global Management stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $10.31, for a total transaction of $395,223.54. Following the transaction, the insider owned 12,610,305 shares in the company, valued at $130,012,244.55. The trade was a 0.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Matthew Ganovsky sold 38,333 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $10.31, for a total value of $395,213.23. Following the completion of the transaction, the insider owned 8,755,260 shares of the company’s stock, valued at $90,266,730.60. This represents a 0.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 115,000 shares of company stock worth $1,185,650 in the last 90 days. Corporate insiders own 46.40% of the company’s stock.

Trending Headlines about Abacus Global Management

Here are the key news stories impacting Abacus Global Management this week:

• Positive Sentiment: Abacus reported quarterly earnings of $0.28 per share, exceeding the Zacks consensus estimate of $0.25 and improving from $0.22 a year earlier. Abacus Global Management Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Fiscal 2026 EPS guidance of $1.00-$1.05 has a midpoint of $1.025, slightly above the $1.01 analyst consensus, suggesting management remains positioned to meet or modestly exceed full-year expectations.
• Neutral Sentiment: Reports on the quarter are inconsistent: Zacks cited a $0.28 EPS beat, while another earnings report listed EPS of $0.23, $0.02 below consensus. The discrepancy may be contributing to investor uncertainty.
• Neutral Sentiment: Third-quarter EPS guidance of $0.26-$0.28 has a midpoint of $0.27, matching consensus and indicating expectations are largely unchanged.
• Negative Sentiment: Piper Sandler lowered its price target from $13 to $12 and maintained a “Neutral” rating. Although the revised target still implies substantial potential upside from the recent trading level, the reduction signals a more cautious view of Abacus’s near-term valuation. Piper Sandler Lowers Abacus Global Management Price Target
• Negative Sentiment: Major shareholders Matthew Ganovsky, Kevin Scott Kirby and Sean McNealy each sold approximately 38,333-38,334 shares at about $10.31 per share. The sales reduced their individual holdings only modestly, but multiple large-holder transactions can weigh on sentiment. Abacus Global Management Major Shareholder Sale

Institutional Investors Weigh In On Abacus Global Management

A number of hedge funds and other institutional investors have recently made changes to their positions in ABX. Russell Investments Group Ltd. acquired a new position in Abacus Global Management in the 4th quarter worth $30,000. New York State Common Retirement Fund acquired a new stake in shares of Abacus Global Management in the 4th quarter valued at about $75,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Abacus Global Management in the 4th quarter valued at about $83,000. Intech Investment Management LLC bought a new stake in shares of Abacus Global Management in the fourth quarter valued at about $96,000. Finally, Axxcess Wealth Management LLC acquired a new position in shares of Abacus Global Management during the fourth quarter worth about $98,000.

About Abacus Global Management

Abacus Life, Inc operates as an alternative asset manager specializing in life insurance products. It purchases life insurance policies from consumers seeking liquidity and manages policies over time via trading, holding, and/or servicing. The company was founded in 2004 and is based in Orlando, Florida.