Equities research analysts expect Finance Of America Companies Inc. (NYSE:FOA – Get Rating) to report earnings of $0.25 per share for the current quarter, according to Zacks. Two analysts have made estimates for Finance Of America Companies’ earnings. The company is scheduled to report its next quarterly earnings results after the market closes 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 financial year, analysts expect that the firm will post earnings of $1.35 per share, with EPS estimates ranging from $1.28 to $1.41. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover 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, topping the consensus estimate of $0.31 by $0.01. The company had revenue of $382.95 million for the quarter, compared to analyst estimates of $425.62 million.
A number of analysts have recently issued reports on FOA shares. Credit Suisse Group lowered their price objective on shares of 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. The Goldman Sachs Group reduced their price objective on shares of Finance Of America Companies from $4.50 to $3.85 and set a “neutral” rating for the company in a research report on Monday, April 4th. Zacks Investment Research cut shares of Finance Of America Companies from a “hold” rating to a “strong sell” rating in a research report on Friday, March 11th. Raymond James reduced their target price on shares of Finance Of America Companies from $10.50 to $8.50 and set a “strong-buy” rating for the company in a research report on Monday, March 7th. Finally, Morgan Stanley reduced their target price on shares of 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Finance Of America Companies has a consensus rating of “Hold” and an average target price of $5.47.
NYSE FOA opened at $2.40 on Wednesday. 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 12-month low of $2.23 and a 12-month high of $11.66. The firm has a 50 day simple moving average of $2.90.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada grew its stake in shares of 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 worth $27,000 after buying an additional 2,671 shares during the last quarter. UBS Group AG grew its stake in shares of Finance Of America Companies by 301.6% during the third quarter. UBS Group AG now owns 8,212 shares of the company’s stock worth $40,000 after buying an additional 6,167 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of Finance Of America Companies during the fourth quarter worth $40,000. Great Lakes Advisors LLC bought a new stake in shares of Finance Of America Companies during the fourth quarter worth $41,000. Finally, Capstone Financial Advisors Inc. bought a new stake in shares of Finance Of America Companies during the third quarter worth $50,000.
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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