Streetbeat News

FOA

Finance Of America Companies Inc.

https://www.financeofamerica.com

Industry

Financial - Credit Services

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. The company was founded in 2013 and is based in Irving, Texas.

Open

20.63

Mkt cap

219M

Volume

55K

High

22.66

P/E Ratio

1.48

52-wk high

27.89

Low

20.43

Div yield

N/A

52-wk low

4.10

Finance of America (NYSE:FOA) is scheduled to release its quarterly earnings report on March 6, 2024, with analysts expecting an EPS of $-0.08. The company's past earnings performance shows a pattern of not meeting EPS estimates, leading to significant price drops. Shares are currently trading at $0.8666, down 45.77% over the last year. Investors are looking for positive guidance for the next quarter to potentially influence the stock price positively.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 6:01 pm

Finance of America Companies Inc. (FOA) has received a notice from the New York Stock Exchange (NYSE) regarding its non-compliance with the continued listing standards. The company's average closing share price was below the required minimum of $1.00 over a consecutive 30 trading-day period. FOA has six months following receipt of the notice to regain compliance with the minimum share price requirement. During this period, FOA's common stock will continue to be traded on the NYSE, subject to compliance with other listing standards. The company intends to consider available options to resolve the deficiency and regain compliance.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 9:35 pm

UBS analyst Douglas Harter has initiated coverage on Finance of America (NYSE:FOA) with a Buy rating and set a price target of $1.4 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 12:07 pm

Raymond James analyst Stephen Laws has maintained an Outperform rating on Finance of America (NYSE:FOA) but reduced the price target from $2.25 to $2.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 1:18 pm

Finance of America (NYSE:FOA) reported Q3 losses of $(0.11) per share, missing the analyst consensus estimate of $(0.03) by 266.67 percent. This is a 10 percent decrease over losses from the same period last year. The company also reported quarterly sales of $(70.44 million), missing the analyst consensus estimate of $117.50 million by 159.95 percent, a 199.07 percent decrease from the same period last year.

Portfolio Pulse from mahesh@benzinga.com

November 07, 2023 | 9:57 pm

On Tuesday, 132 companies hit new 52-week lows. Among them, Corning (NYSE:GLW) was the largest in terms of market cap, while Wheeler Real Estate IT (NASDAQ:WHLR) was the smallest. Fortress Biotech (NASDAQ:FBIO) saw the largest move with shares plummeting 1350.03%, while Insulet (NASDAQ:PODD) made the biggest bounce back, moving up 0.0% shortly after hitting a new 52-week low.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 5:09 pm

Finance Of America Companies' CFO, Johan Gericke, has announced his resignation effective from October 13, 2023. The CEO, Graham A. Fleming, will serve as the interim CFO.

Portfolio Pulse from Charles Gross

October 02, 2023 | 8:50 pm

Several stocks experienced significant movement in Wednesday's mid-day session. ShiftPixy, Inc. (NASDAQ:PIXY) shares jumped 152.8% after announcing the effective date for its reverse stock split. SciSparc Ltd. (NASDAQ:SPRC) gained 120.9% as it reported its 1-for-26 reverse share split is expected to be implemented after market close. Rite Aid Corporation (NYSE:RAD) climbed 44% following a substantial settlement agreement of $230 million by consulting firm McKinsey & Company related to opioid addiction lawsuits. On the other hand, Sharps Technology, Inc. (NASDAQ:STSS) fell 31.6% after reporting a $5.6 million registered direct and private placement priced at the market under Nasdaq rules.

Portfolio Pulse from Lisa Levin

September 27, 2023 | 4:48 pm

Several stocks experienced significant price movements in Friday's mid-day session. Novonix Limited's shares rose by 27.4% after the company announced it achieved high-performance battery grade synthetic graphite production milestones. Iovance Biotherapeutics' shares jumped 20.8% after the FDA extended its BLA Priority Review for lifileucel. Faraday Future Intelligent Electric's shares gained 19.5% after announcing a new car delivery. On the other hand, Avalo Therapeutics' shares fell 31.6% after agreeing to divest AVTX-800 series. PTC Therapeutics' shares fell 31.6% after receiving a negative opinion on the conversion of the conditional marketing authorization to full marketing authorization of Translarna.

Portfolio Pulse from Lisa Levin

September 15, 2023 | 4:40 pm

The article lists five financial stocks that are currently oversold, presenting a potential buying opportunity. These include Finance Of America Companies Inc. (FOA), AMTD IDEA Group (AMTD), Green Dot Corporation (GDOT), Marpai, Inc. (MRAI), and AGBA Group Holding Limited (AGBA). All these companies have an RSI value below 30, indicating they are oversold. The companies have recently posted their quarterly results, with some showing losses and others reporting better-than-expected results.

Portfolio Pulse from Lisa Levin

September 05, 2023 | 12:31 pm

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