Finance Of America Companies Inc. (FOA)

NYSE: FOA · IEX Real-Time Price · USD
0.620
+0.008 (1.39%)
Apr 19, 2024, 4:00 PM EDT - Market closed
1.39%
Market Cap 59.89M
Revenue (ttm) 234.25M
Net Income (ttm) -80.09M
Shares Out 96.56M
EPS (ttm) -0.98
PE Ratio n/a
Forward PE 78.74
Dividend n/a
Ex-Dividend Date n/a
Volume 91,065
Open 0.612
Previous Close 0.612
Day's Range 0.580 - 0.658
52-Week Range 0.580 - 2.088
Beta 0.88
Analysts Strong Buy
Price Target 1.70 (+174.11%)
Earnings Date May 6, 2024

About FOA

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. The Portfolio Management segment provides product development, loan securitization, loan sales, risk manageme... [Read more]

Industry Credit Services
Sector Financials
Founded 2013
Employees 933
Stock Exchange NYSE
Ticker Symbol FOA
Full Company Profile

Financial Performance

In 2023, FOA's revenue was $234.25 million, an increase of 343.97% compared to the previous year's $52.76 million. Losses were -$80.09 million, -58.00% less than in 2022.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for FOA stock is "Strong Buy." The 12-month stock price forecast is $1.7, which is an increase of 174.11% from the latest price.

Price Target
$1.7
(174.11% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Finance of America Reports Fourth Quarter and Full Year 2023 Results

PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSE: FOA), a modern retirement solutions platform, reported financial results for the quarter...

6 weeks ago - Business Wire

Finance of America Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call on March 6, 2024

PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSE: FOA), a modern retirement solutions platform, today announced that it will release resul...

2 months ago - Business Wire

Finance of America Receives Continued Listing Standard Notice from the NYSE

PLANO, Texas--(BUSINESS WIRE)--The New York Stock Exchange (the “NYSE”) requires that companies with shares listed on the NYSE comply with the NYSE's continued listed standards. The NYSE's continued l...

2 months ago - Business Wire

Finance of America Reports Third Quarter 2023 Results

PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSE: FOA), a modern retirement solutions platform, reported financial results for the quarter...

5 months ago - Business Wire

Finance of America Announces Third Quarter Earnings Release and Conference Call on November 7, 2023

PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America”) (NYSE: FOA), a modern retirement solutions platform, today announced that it will release financial results for ...

6 months ago - Business Wire

Finance of America Expands Reach of Second Lien Reverse Mortgage to Allow More Homeowners 55 and Older to Access Home Equity

PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America”) (NYSE: FOA), a modern retirement solutions platform, announced today the expanded launch of its HomeSafe Second ...

6 months ago - Business Wire

Top 5 Financial Stocks You'll Regret Missing This Quarter

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.

Other symbols: AMTDAGBAGDOTMRAI
8 months ago - Benzinga

Concerns about Household Finances Remain High as 8 out of 10 Homeowners are Anxious about U.S. Economy, According to New Research from FAR

SAN DIEGO--(BUSINESS WIRE)--Finance of America Reverse LLC (“FAR”), a leading provider of reverse mortgages and part of Finance of America's (NYSE: FOA) modern retirement solutions platform, today pub...

8 months ago - Business Wire

Finance of America Reports Second Quarter 2023 Results

PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSE: FOA), a modern retirement solutions platform, reported financial results for the quarter...

9 months ago - Business Wire

Finance of America Announces Second Quarter Earnings Release and Conference Call on August 8, 2023

PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America”) (NYSE: FOA), a modern retirement solutions platform, today announced that it will release results for the second...

9 months ago - Business Wire

Finance of America Issues Statement on the Sale of Incenter's Title Insurance Business

PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (NYSE: FOA) (“FOA” or the “Company”), a modern retirement solutions platform, issued the following statement today from FOA Chief Execu...

Other symbols: ESNT
10 months ago - Business Wire

Finance of America Reports First Quarter 2023 Results

PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc., (“Finance of America” or the “Company”) (NYSE: FOA), a modern retirement solutions platform, reported financial results for the quarte...

1 year ago - Business Wire

Finance of America Establishes New Reporting Segments

PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (NYSE: FOA) (“FOA” or the “Company”) today announced changes to its financial reporting segments, effective for the quarter ended March...

1 year ago - Business Wire

Finance of America Announces First Quarter Earnings Release and Conference Call on May 8, 2023

PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America”) (NYSE: FOA), a leading specialty finance solutions platform, today announced that it will release results for th...

1 year ago - Business Wire

Finance of America Marks New Chapter in its Strategic Vision to Create Modern Retirement Solutions Centered on the Home

PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (NYSE: FOA) (“FOA” or the “Company”) today announced a new chapter in the Company's strategy to create a retirement solutions platform ...

1 year ago - Business Wire

Roc360 Expands its Leading Portfolio of Brands with Acquisition of Finance of America Commercial Through Asset Sale

NEW YORK , March 14, 2023 /PRNewswire/ -- Roc Capital Holdings LLC ("Roc360"), a vertically integrated platform for residential real estate investors and a leading originator of business purpose loans...

1 year ago - PRNewsWire

Finance of America Reports Fourth Quarter and Full Year 2022 Results

PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc., (“Finance of America” or the “Company”) (NYSE: FOA), a leading specialty finance and solutions platform, reported financial results fo...

1 year ago - Business Wire

Finance of America Announces Fourth Quarter and Full Year 2022 Earnings Release and Conference Call on March 13, 2023

PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America”) (NYSE: FOA), a leading specialty finance solutions platform, today announced that it will release results for th...

1 year ago - Business Wire

Finance of America Issues Statement on the Proposed Sale of Commercial Lending Business

PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (NYSE: FOA) (“FOA” or the “Company”), a leading specialty finance and solutions platform, issued the following statement today from FOA...

1 year ago - Business Wire

Finance of America Issues Statement on the Proposed Sale of Incenter's Title Insurance Business

PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (NYSE: FOA) (“FOA” or the “Company”), a leading specialty finance and solutions platform, issued the following statement today from F...

Other symbols: ESNT
1 year ago - Business Wire

Essent Enters into Agreement to Acquire Title Insurance Operations

HAMILTON, Bermuda--(BUSINESS WIRE)--Essent Group Ltd. (NYSE: ESNT) announced today that it has entered into an agreement through its subsidiary Essent US Holdings, Inc. to acquire Agents National Ti...

Other symbols: ESNT
1 year ago - Business Wire

FAR Launches HomeSafe Second: The Only Second-Lien Reverse Mortgage Product Empowering Older Americans to Tap Home Equity Without Making Monthly Payments

SAN DIEGO--(BUSINESS WIRE)--Millions of older Americans have, in recent years, secured or refinanced their mortgages into record-low interest rates compared to today's higher rates. Many of these ho...

1 year ago - Business Wire

Finance of America to Acquire Assets of Reverse Mortgage Lender AAG

PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (NYSE: FOA) (“FOA” or the “Company”), a leading specialty finance and solutions platform, today announced it will acquire assets of A...

1 year ago - Business Wire

Finance of America Reports Third Quarter 2022 Results

PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc., (“Finance of America” or the “Company”) (NYSE: FOA), a customer focused, consumer and specialty lending business, reported financial r...

1 year ago - Business Wire

Finance of America Announces Third Quarter 2022 Earnings Release and Conference Call on November 9, 2022

PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America”) (NYSE: FOA), a leading specialty finance solutions platform, today announced that it will release results for th...

1 year ago - Business Wire