Finance of America Companies (FOA) Set to Announce Earnings on Wednesday

Posted by Jeanne O'Marion on Oct 30th, 2024

Finance of America Companies (NYSE:FOA – Get Free Report) is set to release its earnings data after the market closes on Wednesday, November 6th. Analysts expect Finance of America Companies to post earnings of $0.13 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Finance of America Companies (NYSE:FOA – Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.15. The company had revenue of $79.04 million during the quarter, compared to the consensus estimate of $66.00 million. During the same period in the previous year, the business posted ($0.15) earnings per share. On average, analysts expect Finance of America Companies to post $0 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Finance of America Companies Stock Down 11.2 %

Shares of FOA stock opened at $11.59 on Wednesday. The company has a market capitalization of $115.09 million, a price-to-earnings ratio of -3.51 and a beta of 1.08. The stock’s 50 day simple moving average is $10.20 and its 200 day simple moving average is $7.63. The company has a debt-to-equity ratio of 71.55, a quick ratio of 2.83 and a current ratio of 2.83. Finance of America Companies has a twelve month low of $4.10 and a twelve month high of $14.31.

Analyst Ratings Changes

Separately, UBS Group lowered their target price on Finance of America Companies from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, September 5th.

Read Our Latest Research Report on Finance of America Companies

About Finance of America Companies

(Get Free Report)

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.