First Acceptance (OTCMKTS:FACO) Posts Quarterly Earnings Results

Key Points

• First Acceptance reported $0.21 earnings per share (EPS) for the quarter, with a net margin of 4.13% and a return on equity of 13.56%.
• As of the latest trading, First Acceptance's stock is priced at $3.18, down $0.08 from the previous day, with a market capitalization of $116.55 million.
• The company specializes in non-standard personal automobile insurance, catering to individuals unable to obtain insurance through standard carriers.

First Acceptance (OTCMKTS:FACO - Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $0.21 earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $140.66 million during the quarter. First Acceptance had a return on equity of 14.50% and a net margin of 4.66%.

First Acceptance Price Performance

OTCMKTS FACO traded up $0.16 during trading hours on Friday, reaching $3.50. The company's stock had a trading volume of 162 shares, compared to its average volume of 7,635. The firm has a market capitalization of $128.35 million, a price-to-earnings ratio of 5.47 and a beta of -0.13. The company's 50-day moving average is $3.27 and its two-hundred day moving average is $3.35. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.62 and a quick ratio of 0.62. First Acceptance has a 1-year low of $2.88 and a 1-year high of $4.20.

First Acceptance Company Profile

First Acceptance Corporation, together with its subsidiaries, operates as a retailer, servicer, and underwriter of non-standard personal automobile insurance and related products in the United States. It issues non-standard automobile insurance policies to individuals based on their inability or unwillingness to obtain insurance coverage from standard carriers due to various factors, including their payment preference, failure to maintain continuous insurance coverage, or driving record.