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Equities analysts predict that Finance Of America Companies Inc. (NYSE:FOA – Get Rating) will report $404.76 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Finance Of America Companies’ earnings. The highest sales estimate is $406.00 million and the lowest is $403.52 million. The business is scheduled to report its next quarterly earnings report after the market closes 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 anticipate that the firm 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 analysts that follow Finance Of America Companies.
Finance Of America Companies (NYSE:FOA – Get Rating) last announced its quarterly earnings data on Wednesday, March 2nd. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The business had revenue of $382.95 million during the quarter, compared to the consensus estimate of $425.62 million.
A number of brokerages have recently commented on FOA. Morgan Stanley cut their price objective on shares of Finance Of America Companies from $4.00 to $3.75 and set an “equal weight” rating on the stock in a research report on Friday, March 4th. Raymond James cut their price objective 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 report on Monday, March 7th. The Goldman Sachs Group dropped 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. Zacks Investment Research raised shares of Finance Of America Companies from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Finally, Credit Suisse Group dropped their price target on shares of Finance Of America Companies from $9.00 to $7.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 23rd. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $5.47.
Several large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its holdings in shares of Finance Of America Companies by 164.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 36,754 shares of the company’s stock valued at $146,000 after purchasing an additional 22,878 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of Finance Of America Companies by 159.1% in the fourth quarter. Parametric Portfolio Associates LLC now owns 93,389 shares of the company’s stock valued at $371,000 after purchasing an additional 57,340 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in shares of Finance Of America Companies in the fourth quarter valued at $40,000. Millennium Management LLC acquired a new position in shares of Finance Of America Companies in the fourth quarter valued at $1,382,000. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of Finance Of America Companies by 310.0% in the fourth quarter. Cubist Systematic Strategies LLC now owns 66,199 shares of the company’s stock valued at $263,000 after purchasing an additional 50,051 shares during the last quarter.
Shares of FOA stock opened at $2.54 on Friday. The company’s fifty day simple moving average is $2.86 and its 200-day simple moving average is $3.77. The company has a debt-to-equity ratio of 9.62, a current ratio of 2.02 and a quick ratio of 2.02. Finance Of America Companies has a 12 month low of $2.23 and a 12 month high of $11.60.
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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