Finance of America Companies (NYSE:FOA) Announces Quarterly Earnings Results, Beats Estimates By $0.54 EPS

Finance of America Companies (NYSE:FOA) released its earnings results on Wednesday. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the previous year, the firm earned ($1.40) EPS.

Finance of America Companies Stock Performance

Shares of 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 company has a debt-to-equity ratio of 71.55, a quick ratio of 2.83 and a current ratio of 2.83. 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 1 year low of $4.10 and a 1 year high of $16.42. The stock has a market cap of $141.40 million, a price-to-earnings ratio of -4.48 and a beta of 1.07.

Analysts Set New Price Targets

Separately, UBS Group dropped their target price 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.

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.