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

Finance of America Companies (NYSE:FOA) released 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 business had revenue of $290.07 million for the quarter, compared to the consensus estimate of $72.00 million. Finance of America Companies had a negative return on equity of 4.76% and a net margin of 18.89%. During the same quarter in the prior year, the business posted ($1.40) EPS.

Finance of America Companies Stock Performance

Shares of Finance of America Companies stock traded up $1.91 on Friday, hitting $15.91. The stock had a trading volume of 91,859 shares, compared to its average volume of 22,176. The stock has a market cap of $157.99 million, a price-to-earnings ratio of 1.36 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 52-week low of $4.10 and a 52-week high of $17.30. The company’s 50 day moving average price is $11.21 and its 200 day moving average price is $8.01.

Analyst Upgrades and Downgrades

Separately, UBS Group dropped 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.