Finance of America Companies (NYSE:FOA - Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.55 EPS for the quarter, missing analysts' consensus estimates of $0.61 by ($0.06), Zacks reports. The firm had revenue of $177.38 million during the quarter, compared to analyst estimates of $97.05 million.
Finance of America Companies Stock Performance
FOA traded down $0.08 during midday trading on Friday, reaching $24.41. The company's stock had a trading volume of 39,610 shares, compared to its average volume of 114,174. The stock has a market cap of $269.92 million, a P/E ratio of 3.99 and a beta of 1.45. The company has a fifty day simple moving average of $22.82 and a 200 day simple moving average of $22.33. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 47.08. Finance of America Companies has a twelve month low of $7.00 and a twelve month high of $32.40.
Institutional Trading of Finance of America Companies
A hedge fund recently raised its stake in Finance of America Companies stock. Geode Capital Management LLC raised its holdings in Finance of America Companies Inc. (NYSE:FOA - Free Report) by 66.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 136,672 shares of the company's stock after buying an additional 54,429 shares during the quarter. Geode Capital Management LLC owned 1.24% of Finance of America Companies worth $3,188,000 at the end of the most recent quarter. 97.20% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
FOA has been the topic of a number of analyst reports. UBS Group reissued a "neutral" rating and set a $25.00 price objective (up previously from $22.50) on shares of Finance of America Companies in a report on Tuesday, July 15th. Wall Street Zen lowered Finance of America Companies from a "buy" rating to a "hold" rating in a report on Saturday, July 26th.
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.
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