Brokerages predict that Finance Of America Companies Inc. (NYSE:FOA – Get Rating) will report $404.76 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Finance Of America Companies’ earnings, with estimates ranging from $403.52 million to $406.00 million. The company is scheduled to issue its next earnings results on Monday, January 1st.
On average, analysts expect that Finance Of America Companies will report full-year sales of $1.64 billion for the current fiscal year, with estimates ranging from $1.59 billion to $1.69 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.79 billion, with estimates ranging from $1.68 billion to $1.90 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Finance Of America Companies.
Finance Of America Companies (NYSE:FOA – Get Rating) last released its earnings results on Wednesday, March 2nd. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $382.95 million during the quarter, compared to analyst estimates of $425.62 million.
A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group lowered their price target on shares of Finance Of America Companies from $4.50 to $3.85 and set a “neutral” rating on the stock in a research report on Monday, April 4th. Raymond James reduced their price target on shares of Finance Of America Companies from $10.50 to $8.50 and set a “strong-buy” rating on the stock in a research note on Monday, March 7th. Zacks Investment Research cut shares of Finance Of America Companies from a “hold” rating to a “strong sell” rating in a report on Friday, March 11th. Morgan Stanley dropped their price objective on shares of 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. Finally, Credit Suisse Group lowered their price target on shares of Finance Of America Companies from $9.00 to $7.00 and set an “outperform” rating for the company in a report on Wednesday, March 23rd. 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Finance Of America Companies currently has an average rating of “Hold” and an average target price of $5.47.
FOA stock opened at $2.63 on Friday. The firm’s fifty day moving average is $3.15 and its 200 day moving average is $4.04. Finance Of America Companies has a one year low of $2.50 and a one year high of $11.66. The company has a debt-to-equity ratio of 9.62, a quick ratio of 2.02 and a current ratio of 2.02.
Several institutional investors have recently modified their holdings of FOA. Morgan Stanley acquired a new position in shares of Finance Of America Companies in the 2nd quarter valued at $410,000. Bank of America Corp DE acquired a new stake in Finance Of America Companies in the 2nd quarter valued at about $121,000. Millennium Management LLC acquired a new stake in Finance Of America Companies in the 2nd quarter valued at about $120,000. SG Americas Securities LLC acquired a new stake in shares of Finance Of America Companies during the 3rd quarter worth about $121,000. Finally, Easterly Investment Partners LLC purchased a new position in shares of Finance Of America Companies during the 3rd quarter worth about $58,000.
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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