Finance of America Companies (NYSE:FOA) Issues Quarterly Earnings Results

Finance of America Companies (NYSE:FOA) announced its quarterly earnings data on Wednesday. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.54, Zacks reports. The firm had revenue of $290.07 million during the quarter, compared to analyst estimates of $72.00 million. During the same period last year, the business posted ($1.40) EPS.

Finance of America Companies Stock Down 1.6 %

Shares of NYSE:FOA traded down $0.24 during mid-day trading on Thursday, hitting $14.25. 71,613 shares of the company traded hands, compared to its average volume of 21,852. The stock has a market cap of $141.40 million, a P/E ratio of -4.32 and a beta of 1.07. The stock has a 50-day moving average price of $10.89 and a two-hundred day moving average price of $7.90. Finance of America Companies has a 12-month low of $4.10 and a 12-month high of $16.42. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 71.55.

Analyst Upgrades and Downgrades

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

About Finance of America Companies

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.