Finance of America Companies (FOA) to Release Quarterly Earnings on Tuesday

Finance of America Companies (NYSE:FOA) is expected to issue its quarterly earnings data after the market closes on Tuesday, March 11th. Analysts expect the company to announce earnings of $0.27 per share and revenue of $80.61 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Finance of America Companies Price Performance

Shares of Finance of America Companies stock opened at $22.53 on Friday. Finance of America Companies has a twelve month low of $4.10 and a twelve month high of $32.40. The company has a debt-to-equity ratio of 40.07, a quick ratio of 2.80 and a current ratio of 2.80. The firm has a market cap of $223.61 million, a P/E ratio of 1.93 and a beta of 1.18. The firm’s 50-day simple moving average is $25.70 and its 200-day simple moving average is $18.84.

Insider Buying and Selling at Finance of America Companies

In other news, Director Lance West sold 23,245 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $22.10, for a total transaction of $513,714.50. Following the transaction, the director now owns 12,280 shares in the company, valued at approximately $271,388. This trade represents a 65.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Norma Corio acquired 4,300 shares of the stock in a transaction on Thursday, December 12th. The shares were bought at an average price of $25.61 per share, for a total transaction of $110,123.00. Following the purchase, the director now owns 16,580 shares in the company, valued at approximately $424,613.80. This trade represents a 35.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 15.60% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Finance of America Companies stock. Bank of America Corp DE lifted its holdings in Finance of America Companies Inc. (NYSE:FOA) by 3,503.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,306 shares of the company’s stock after acquiring an additional 2,242 shares during the period. Bank of America Corp DE’s holdings in Finance of America Companies were worth $65,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 97.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, UBS Group cut Finance of America Companies from a “buy” rating to a “neutral” rating and increased their price target for the company from $14.00 to $24.00 in a research report on Wednesday, November 20th.

Finance of America Companies Company Profile

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.