Finance Of America Companies (NYSE:FOA – Get Rating) is scheduled to announce its earnings results after the market closes on Monday, May 9th. Analysts expect the company to announce earnings of $0.21 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.
Finance Of America Companies (NYSE:FOA – Get Rating) last issued its quarterly earnings data on Wednesday, March 2nd. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. The business had revenue of $382.95 million for the quarter, compared to the consensus estimate of $425.62 million. On average, analysts expect Finance Of America Companies to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of FOA opened at $2.26 on Monday. The company’s 50 day simple moving average is $2.94. The company has a debt-to-equity ratio of 9.62, a quick ratio of 2.02 and a current ratio of 2.02. Finance Of America Companies has a twelve month low of $2.26 and a twelve month high of $11.66.
A number of equities analysts have recently commented on the stock. Raymond James dropped their price target on shares of Finance Of America Companies from $10.50 to $8.50 and set a “strong-buy” rating on the stock in a research report on Monday, March 7th. Credit Suisse Group dropped their price target on shares of Finance Of America Companies from $9.00 to $7.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 23rd. Zacks Investment Research downgraded shares of Finance Of America Companies from a “hold” rating to a “strong sell” rating in a research note on Friday, March 11th. The Goldman Sachs Group lowered their price objective on shares of Finance Of America Companies from $4.50 to $3.85 and set a “neutral” rating on the stock in a research note on Monday, April 4th. Finally, Morgan Stanley lowered their price objective on shares of Finance Of America Companies from $4.00 to $3.75 and set an “equal weight” rating on the stock in a research note on Friday, March 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $5.47.
Finance Of America Companies Company Profile (Get Rating)
Finance of America Companies Inc operates a consumer lending platform in the United States. The company operates through: Mortgage Originations, Reverse Originations, Commercial Originations, Lender Services, and Portfolio Management segments. It provides residential mortgage loans to the government sponsored entities; government-insured agricultural lending solutions to farmers; product development, loan securitization, loan sales, risk management, asset management, and servicing oversight services to enterprise and third-party funds; and ancillary business services, title agency and title insurance services, mortgage servicing rights valuation and trade brokerage, transactional fulfillment services, mortgage loan third party review or due diligence services, and appraisal and capital management services to residential mortgage, student lending, and commercial lending industry customers.
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