Wall Street analysts expect Finance Of America Companies Inc. (NYSE:FOA – Get Rating) to post sales of $341.24 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Finance Of America Companies’ earnings. The lowest sales estimate is $335.48 million and the highest is $347.00 million. Finance Of America Companies reported sales of $389.12 million in the same quarter last year, which would suggest a negative year over year growth rate of 12.3%. The company is scheduled to issue its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Finance Of America Companies will report full year sales of $1.28 billion for the current year, with estimates ranging from $1.23 billion to $1.33 billion. For the next financial year, analysts anticipate that the business will report sales of $1.51 billion, with estimates ranging from $1.40 billion to $1.62 billion. Zacks’ sales 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 released its quarterly earnings results on Monday, May 9th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). Finance Of America Companies had a positive return on equity of 13.28% and a negative net margin of 25.42%.
FOA has been the subject of several recent analyst reports. Morgan Stanley cut their price objective on Finance Of America Companies from $4.00 to $3.75 and set an “equal weight” rating for the company in a report on Friday, March 4th. Credit Suisse Group cut their price objective on Finance Of America Companies to $6.00 and set a “neutral” rating for the company in a report on Thursday, May 19th. Zacks Investment Research downgraded Finance Of America Companies from a “hold” rating to a “sell” rating in a report on Wednesday, May 18th. The Goldman Sachs Group cut their price target 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. Finally, Raymond James cut their price target on Finance Of America Companies from $10.50 to $8.50 and set a “strong-buy” rating for the company in a report on Monday, March 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $5.27.
A number of hedge funds have recently bought and sold shares of FOA. Royal Bank of Canada increased its position in Finance Of America Companies by 99.1% during the 3rd 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 period. UBS Group AG increased its position in shares of Finance Of America Companies by 301.6% in the third quarter. UBS Group AG now owns 8,212 shares of the company’s stock worth $40,000 after purchasing an additional 6,167 shares during the period. Schonfeld Strategic Advisors LLC bought a new position in shares of Finance Of America Companies in the fourth quarter worth $40,000. Great Lakes Advisors LLC bought a new position in shares of Finance Of America Companies in the fourth quarter worth $41,000. Finally, Capstone Financial Advisors Inc. increased its position in shares of Finance Of America Companies by 50.0% in the first quarter. Capstone Financial Advisors Inc. now owns 15,000 shares of the company’s stock worth $46,000 after purchasing an additional 5,000 shares during the period.
NYSE FOA opened at $2.49 on Thursday. The company has a market cap of $155.18 million, a PE ratio of -0.36 and a beta of 0.44. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 10.22. Finance Of America Companies has a 12 month low of $2.13 and a 12 month high of $10.56. The stock has a 50 day moving average of $2.66 and a 200-day moving average of $3.55.
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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