Finance of America Companies (FOA) Projected to Post Quarterly Earnings on Monday

Finance of America Companies (NYSE:FOA) will likely be issuing its Q1 2025 quarterly earnings data after the market closes on Monday, May 5th. Analysts expect Finance of America Companies to post earnings of $0.37 per share and revenue of $79.56 million for the quarter.

Finance of America Companies (NYSE:FOA) last posted its earnings results on Tuesday, March 11th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.24). Finance of America Companies had a net margin of 18.89% and a negative return on equity of 4.00%. The business had revenue of ($105.62) million for the quarter, compared to analysts’ expectations of $80.61 million. On average, analysts expect Finance of America Companies to post $1 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Finance of America Companies Stock Down 0.8 %

Shares of NYSE FOA opened at $20.32 on Friday. The firm has a fifty day simple moving average of $20.78 and a two-hundred day simple moving average of $21.80. Finance of America Companies has a 12 month low of $4.10 and a 12 month high of $32.40. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 40.07. The firm has a market capitalization of $217.71 million, a PE ratio of 1.74 and a beta of 1.31.

Hedge Funds Weigh In On Finance of America Companies

An institutional investor recently raised its position in Finance of America Companies stock. Bank of America Corp DE lifted its stake in Finance of America Companies Inc. (NYSE:FOA) by 3,503.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,306 shares of the company’s stock after acquiring an additional 2,242 shares during the quarter. Bank of America Corp DE’s holdings in Finance of America Companies were worth $65,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 97.20% of the company’s stock.

Wall Street Analyst Weigh In

FOA has been the subject of a number of research reports. UBS Group decreased their price objective on Finance of America Companies from $25.00 to $22.50 and set a “neutral” rating for the company in a report on Wednesday, April 16th. Raymond James lifted their price target on shares of Finance of America Companies from $27.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, March 25th.

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.