Finance of America Companies (NYSE:FOA) Issues Earnings Results, Beats Expectations By $0.54 EPS

Finance of America Companies (NYSE:FOA) released its earnings results on Wednesday. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.54, Zacks reports. The company had revenue of $290.07 million during the quarter, compared to analyst estimates of $72.00 million. During the same period in the previous year, the company posted ($1.40) EPS.

Finance of America Companies Trading Down 1.6 %

Finance of America Companies stock traded down $0.24 during mid-day trading on Thursday, hitting $14.25. 71,613 shares of the company’s stock were exchanged, compared to its average volume of 21,852. The company’s 50 day simple moving average is $10.89 and its 200-day simple moving average is $7.90. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 71.55. The firm has a market capitalization of $141.40 million, a P/E ratio of -4.32 and a beta of 1.07. Finance of America Companies has a fifty-two week low of $4.10 and a fifty-two week high of $16.42.

Analysts Set New Price Targets

Separately, UBS Group lowered their price target on Finance of America Companies from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, September 5th.

Finance of America Companies Company Profile

Finance of America Companies Inc a financial service holding company, through its subsidiaries, engages in the operation of a retirement solutions platform in the United States. It operates through two segments: Retirement Solutions and Portfolio Management. The Retirement Solutions segment engages in the loan origination activities comprising home equity conversion, proprietary reverse, and hybrid mortgage loans for senior homeowners.