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

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

Finance of America Companies Stock Performance

Shares of Finance of America Companies stock traded down $0.24 during trading hours on Thursday, hitting $14.25. 71,613 shares of the company were exchanged, compared to its average volume of 21,852. The business has a 50-day moving average of $10.89 and a 200-day moving average of $7.90. The stock has a market capitalization of $141.40 million, a price-to-earnings ratio of -4.48 and a beta of 1.07. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 71.55. Finance of America Companies has a 1 year low of $4.10 and a 1 year high of $16.42.

Analyst Ratings Changes

Separately, UBS Group cut their price target on shares of Finance of America Companies from $15.00 to $14.00 and set a “buy” rating on the stock in a research note 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.