Analysts expect Finance Of America Companies Inc. (NYSE:FOA – Get Rating) to post $0.25 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Finance Of America Companies’ earnings. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Finance Of America Companies will report full year earnings of $1.06 per share for the current fiscal year, with EPS estimates ranging from $1.04 to $1.08. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.35 per share, with EPS estimates ranging from $1.28 to $1.41. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Finance Of America Companies.
Finance Of America Companies (NYSE:FOA – Get Rating) last announced its earnings results on Wednesday, March 2nd. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates 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.
Several equities analysts have recently issued reports on FOA shares. Morgan Stanley lowered their price target on Finance Of America Companies from $4.00 to $3.75 and set an “equal weight” rating for the company in a research report on Friday, March 4th. Raymond James lowered their price objective on 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. Zacks Investment Research lowered Finance Of America Companies from a “hold” rating to a “strong sell” rating in a report on Friday, March 11th. Credit Suisse Group lowered their price target on Finance Of America Companies from $9.00 to $7.00 and set an “outperform” rating on the stock in a report on Wednesday, March 23rd. Finally, The Goldman Sachs Group reduced their price objective on Finance Of America Companies from $4.50 to $3.85 and set a “neutral” rating for the company in a report on Monday, April 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $5.47.
Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in Finance Of America Companies by 99.1% during the third quarter. Royal Bank of Canada now owns 5,366 shares of the company’s stock valued at $27,000 after acquiring an additional 2,671 shares during the last quarter. UBS Group AG boosted its stake in shares of Finance Of America Companies by 301.6% during the 3rd quarter. UBS Group AG now owns 8,212 shares of the company’s stock worth $40,000 after acquiring an additional 6,167 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in Finance Of America Companies during the fourth quarter valued at about $40,000. Great Lakes Advisors LLC purchased a new position in shares of Finance Of America Companies during the 4th quarter valued at about $41,000. Finally, Capstone Financial Advisors Inc. bought a new position in shares of Finance Of America Companies during the 3rd quarter valued at approximately $50,000.
Shares of NYSE FOA opened at $2.63 on Wednesday. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 9.62. The company has a 50 day simple moving average of $3.14 and a two-hundred day simple moving average of $4.03. Finance Of America Companies has a fifty-two week low of $2.50 and a fifty-two week high of $11.66.
About Finance Of America Companies (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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