Finance of America Companies Inc. operates a consumer lending platform in the United States. The company provides residential mortgages, reverse mortgages, and loans to residential real estate investors distributed across retail, third party network, and digital channels. It also offers complementary lending services to enhance the customer experience, as well as capital markets and portfolio management services to optimize distribution to investors. The company was founded in 2013 and is headquartered in Irving, Texas.
IPO Year: 2021
Exchange: NYSE
Website: financeofamerica.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/20/2024 | $14.00 → $24.00 | Buy → Neutral | UBS |
| 8/16/2023 | $2.00 | Outperform → Neutral | Credit Suisse |
| 3/7/2022 | $10.50 → $8.50 | Strong Buy | Raymond James |
| 3/4/2022 | $4.00 → $3.75 | Equal-Weight | Morgan Stanley |
| 10/11/2021 | $5.00 | Equal-Weight | Morgan Stanley |
| 8/19/2021 | $5.50 | Neutral | Goldman |
| 8/18/2021 | $12.00 → $10.00 | Outperform | Credit Suisse |
| 8/13/2021 | $13.50 → $10.50 | Strong Buy | Raymond James |
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AlTi Global, Inc. (NASDAQ:ALTI) ("AlTi"), a leading independent global wealth and asset manager, today announced the appointment of Norma Corio to its Board of Directors ("Board"), following the departure of Hazel McNeilage, effective June 29, 2023. "I am thrilled to welcome Norma to our Board as AlTi embarks on its next phase of growth," said Michael Tiedemann, Chief Executive Officer of AlTi Global. "Norma offers over four decades of public company, banking and capital markets experience which will be invaluable in establishing AlTi as a leading global wealth and asset management platform in the public markets. I would like to thank Hazel for her contributions to the Board and wish her
TORONTO and TAMPA, Fla., Dec. 28, 2022 (GLOBE NEWSWIRE) -- Voxtur Analytics Corp. (TSXV:VXTR, OTCQB:VXTRF) ("Voxtur" or the "Company"), a North American technology company creating a more transparent and accessible real estate lending ecosystem, is pleased to announce the appointment of Nicholas Smith, of Rice Park Capital Management LP, to the Company's board of directors, effective immediately. Mr. Smith's appointment follows the resignation of Mark Volosov from his role as a director of the Company, effective December 13, 2022. "Nick brings nearly 25 years of experience and expertise within the mortgage finance industry to Voxtur and we are thrilled to have him join the Board," said Ga
– Total Revenue Up 165% YoY on First Quarter Funded Volume of $9.5 billion – – Pre-tax Income of $125 million Up 398% from First Quarter 2020 – – Completed Business Combination with Replay Acquisition Corporation on April 1, 2021 – – Strategically Strengthened Leadership Team with the Appointment of Johan Gericke, CFO – – Investor Call Scheduled For Thursday, May 13, 2021 At 5:00 pm Eastern Time – Finance of America Companies, ("Finance of America") (NYSE:FOA), reported first quarter results for the period ended March 31, 2021. Finance of America is a diversified, vertically integrated consumer lending platform operating in three lending segments: Mortgage Originations, Reverse Origina
– $8.48 in basic earnings per share or $204 million of net income from continuing operations for the quarter – – $0.67 in adjusted earnings per share or $15 million of adjusted net income for the quarter – – Adjusted EBITDA for the quarter of $32 million – Finance of America Companies Inc. ("Finance of America" or the "Company") (NYSE:FOA), a leading provider of home equity-based financing solutions for a modern retirement, reported financial results for the quarter ended September 30, 2024. Third Quarter 2024 Highlights(1) Net income from continuing operations of $204 million or $8.48 basic earnings per share for the quarter. Adjusted net income(2) of $15 million or $0.67 adjusted
No-Payment Reverse Second-Lien Loan Now Features Lower Interest Rate, Availability in Additional Markets Finance of America Reverse LLC ("Finance of America" or the "Company"), a leading provider of home equity-based financing solutions for a modern retirement, today announced it has lowered the interest rate for its proprietary reverse HomeSafe Second loan from 9.99% to 9.49%, and broadened its availability in four additional states: Arizona, Nevada, Oregon, and Utah. HomeSafe Second is a second-lien loan exclusively offered by Finance of America, and specifically designed for 55+ homeowners seeking a better and more flexible way to tap their home's growing equity. It allows homeowners t
Makes Certain Modifications to Exchange Offer Finance of America Companies Inc. ("Finance of America" or the "Company") (NYSE:FOA), a leading provider of home equity-based financing solutions for a modern retirement, is pleased to announce that holders of $342,622,000 aggregate principal amount (97.892%) of the outstanding 7.875% Senior Notes due 2025 (the "2025 Unsecured Notes") of its subsidiary Finance of America Funding LLC ("FOA Funding") have elected to participate, as of 5:00 P.M., New York City time, on October 25, 2024 (the original expiration time), in FOA Funding's previously announced Exchange Offer. Additionally, FOA Funding hereby announces that (i) the Exchange Offer and th
Finance of America Companies Inc. ("Finance of America" or the "Company") (NYSE:FOA), a leading provider of home equity-based financing solutions for a modern retirement, today announced that it will release results for the third quarter ended September 30, 2024 after market closing on Wednesday, November 6, 2024. Webcast and Earnings Conference Call Management will host a webcast and conference call on the same day at 5:00 pm Eastern Time to discuss the Company's results for the third quarter ended September 30, 2024. A copy of the press release and investor presentation will be posted prior to the call under the "Investors" section on Finance of America's website at https://ir.financeof
Finance of America Companies Inc. ("Finance of America" or the "Company") (NYSE:FOA), a leading provider of home equity-based financing solutions for a modern retirement, today announced the commencement by its subsidiary Finance of America Funding LLC ("FOA Funding") of (i) an exchange offer (the "Exchange Offer") for any and all of FOA Funding's outstanding 7.875% Senior Notes due 2025 (the "2025 Unsecured Notes") for (a) up to $200.0 million aggregate principal amount of 7.875% Senior Secured Notes due 2026 (the "New Senior Secured Notes"), (b) up to $150.0 million aggregate principal amount of 10.000% Exchangeable Senior Secured Notes due 2029 (the "New Exchangeable Notes" and, together
– Net loss from continuing operations of $5 million or $0.20 basic loss per share for the quarter – – Announced Exchange Offer Support Agreement and reverse stock split – – Adjusted EBITDA for the quarter of $9 million – Finance of America Companies Inc. ("Finance of America" or the "Company") (NYSE:FOA), a leading provider of home equity-based financing solutions for a modern retirement, reported financial results for the quarter ended June 30, 2024. Second Quarter 2024 Highlights Net loss from continuing operations for the second quarter of $5 million or $0.20 basic loss per share. For the quarter, the Company recognized an adjusted net loss(1) of $1 million or $0.05 per sh
Finance of America Companies Inc. ("Finance of America" or the "Company") (NYSE:FOA), a leading provider of home equity-based financing solutions for a modern retirement, today announced that it will release results for the second quarter ended June 30, 2024 after market closing on Tuesday, August 6, 2024. Webcast and Earnings Conference Call Management will host a webcast and conference call on the same day at 5:00 pm Eastern Time to discuss the Company's results for the second quarter ended June 30, 2024. A copy of the press release and investor presentation will be posted prior to the call under the "Investors" section on Finance of America's website at https://ir.financeofamericacom
Finance of America Companies Inc. ("Finance of America" or the "Company") (NYSE:FOA), a leading provider of home equity-based financing solutions for a modern retirement, today announced that it expects its intended 1-for-10 reverse stock split of its outstanding shares of Class A Common Stock, previously disclosed on June 27, 2024, to be effective as of July 25, 2024 at 5:00 p.m. Eastern Time (the "Effective Time"). The Company's Class A Common Stock is expected to begin trading on a split-adjusted basis on the New York Stock Exchange ("NYSE") under the existing symbol (FOA) when the market opens on July 26, 2024. The new CUSIP number for the Company's Class A Common Stock following the re
Finance of America Companies Inc. ("Finance of America" or the "Company") (NYSE:FOA), a leading provider of home equity-based financing solutions for a modern retirement, today announced that certain of its direct and indirect subsidiaries, including Finance of America Funding LLC ("FOA Funding"), entered into an agreement (the "Exchange Offer Support Agreement") with certain holders representing approximately 71.1% of FOA Funding's outstanding unsecured Senior Notes due 2025 (the "2025 Unsecured Notes") to support and participate in an exchange of any and all of the outstanding 2025 Unsecured Notes for (i) up to $200 million aggregate principal amount of Senior Secured First Lien notes due
Shareholders holding approximately 19% of the outstanding Voxtur common shares express support for immediate board leadership changeBoard leadership change is required to address value destruction and Voxtur's anemic performanceAl Qureshi, Voxtur's President of Capital Markets, to bring proven leadership track record and industry experience needed by Voxtur as new CEOThe Voxtur Shareholders for Accountability urge all shareholders to vote for its highly qualified Board nomineesPLYMOUTH, Minn., June 19, 2024 /PRNewswire/ - A group of shareholders (the "Voxtur Shareholders for Accountability", "We", "Us", or "Our") of Voxtur Analytics Corp. (TSXV:VXTR) (OTCQB:VXTRF) ("Voxtur" or the "Company")
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UBS downgraded Finance of America from Buy to Neutral and set a new price target of $24.00 from $14.00 previously
Credit Suisse downgraded Finance of America from Outperform to Neutral and set a new price target of $2.00
Raymond James reiterated coverage of Finance of America with a rating of Strong Buy and set a new price target of $8.50 from $10.50 previously
Morgan Stanley reiterated coverage of Finance of America with a rating of Equal-Weight and set a new price target of $3.75 from $4.00 previously
Morgan Stanley initiated coverage of Finance of America with a rating of Equal-Weight and set a new price target of $5.00
Goldman initiated coverage of Finance of America with a rating of Neutral and set a new price target of $5.50
Credit Suisse reiterated coverage of Finance of America with a rating of Outperform and set a new price target of $10.00 from $12.00 previously
Raymond James reiterated coverage of Finance of America with a rating of Strong Buy and set a new price target of $10.50 from $13.50 previously
Credit Suisse initiated coverage of Finance of America with a rating of Outperform and set a new price target of $12.00
Raymond James upgraded Finance of America from Outperform to Strong Buy and set a new price target of $13.50
– $8.48 in basic earnings per share or $204 million of net income from continuing operations for the quarter – – $0.67 in adjusted earnings per share or $15 million of adjusted net income for the quarter – – Adjusted EBITDA for the quarter of $32 million – Finance of America Companies Inc. ("Finance of America" or the "Company") (NYSE:FOA), a leading provider of home equity-based financing solutions for a modern retirement, reported financial results for the quarter ended September 30, 2024. Third Quarter 2024 Highlights(1) Net income from continuing operations of $204 million or $8.48 basic earnings per share for the quarter. Adjusted net income(2) of $15 million or $0.67 adjusted
Finance of America Companies Inc. ("Finance of America" or the "Company") (NYSE:FOA), a leading provider of home equity-based financing solutions for a modern retirement, today announced that it will release results for the third quarter ended September 30, 2024 after market closing on Wednesday, November 6, 2024. Webcast and Earnings Conference Call Management will host a webcast and conference call on the same day at 5:00 pm Eastern Time to discuss the Company's results for the third quarter ended September 30, 2024. A copy of the press release and investor presentation will be posted prior to the call under the "Investors" section on Finance of America's website at https://ir.financeof
– Net loss from continuing operations of $5 million or $0.20 basic loss per share for the quarter – – Announced Exchange Offer Support Agreement and reverse stock split – – Adjusted EBITDA for the quarter of $9 million – Finance of America Companies Inc. ("Finance of America" or the "Company") (NYSE:FOA), a leading provider of home equity-based financing solutions for a modern retirement, reported financial results for the quarter ended June 30, 2024. Second Quarter 2024 Highlights Net loss from continuing operations for the second quarter of $5 million or $0.20 basic loss per share. For the quarter, the Company recognized an adjusted net loss(1) of $1 million or $0.05 per sh
Finance of America Companies Inc. ("Finance of America" or the "Company") (NYSE:FOA), a leading provider of home equity-based financing solutions for a modern retirement, today announced that it will release results for the second quarter ended June 30, 2024 after market closing on Tuesday, August 6, 2024. Webcast and Earnings Conference Call Management will host a webcast and conference call on the same day at 5:00 pm Eastern Time to discuss the Company's results for the second quarter ended June 30, 2024. A copy of the press release and investor presentation will be posted prior to the call under the "Investors" section on Finance of America's website at https://ir.financeofamericacom
– Net loss from continuing operations of $16 million or $0.06 basic loss per share for the quarter – – Third consecutive quarter of improved operating results on an adjusted net basis – – Adjusted EBITDA for the quarter was near break-even at a loss of $1 million – Finance of America Companies Inc. ("Finance of America" or the "Company") (NYSE:FOA), a modern retirement solutions platform, reported financial results for the quarter ended March 31, 2024. First Quarter 2024 Highlights Net loss from continuing operations for the first quarter of $16 million or $0.06 basic loss per share. For the quarter, the Company recognized an adjusted net loss(1) of $7 million or $0.03 per sha
Finance of America Companies Inc. ("Finance of America" or the "Company") (NYSE:FOA), a modern retirement solutions platform, today announced that it will release results for the first quarter ended March 31, 2024 after market closing on Monday, May 6, 2024. Webcast and Earnings Conference Call Management will host a webcast and conference call on the same day at 5:00 pm Eastern Time to discuss the Company's results for the first quarter ended March 31, 2024. A copy of the press release and investor presentation will be posted prior to the call under the "Investors" section on Finance of America's website at https://www.financeofamerica.com/investors. To listen to the audio webcast of
– Net income from continuing operations of $171 million or $0.72 basic earnings per share for the quarter – – 20% improvement on an adjusted net basis(1) over the prior quarter – – Finished the year with 37% share of HECM Reverse market(2) – Finance of America Companies Inc. ("Finance of America" or the "Company") (NYSE:FOA), a modern retirement solutions platform, reported financial results for the quarter and year ended December 31, 2023. Fourth Quarter and Full Year 2023 Highlights Net income from continuing operations for the fourth quarter of $171 million or $0.72 basic earnings per share primarily due to non-cash, positive fair value changes on long-term assets and liabilit
Finance of America Companies Inc. ("Finance of America" or the "Company") (NYSE:FOA), a modern retirement solutions platform, today announced that it will release results for the fourth quarter and full year ended December 31, 2023 after market closing on Wednesday, March 6, 2024. Webcast and Earnings Conference Call Management will host a webcast and conference call on the same day at 5:00 pm Eastern Time to discuss the Company's results for the fourth quarter and full year ended December 31, 2023. A copy of the press release and investor presentation will be posted prior to the call under the "Investors" section on Finance of America's website at https://www.financeofamerica.com/inves
– Increased funded volumes in Reverse by 18% quarter over quarter – – Reduced corporate overhead expenses by 17% quarter over quarter – – Finished the third quarter of 2023 with over 37% share of HECM Reverse market(1) – Finance of America Companies Inc. ("Finance of America" or the "Company") (NYSE:FOA), a modern retirement solutions platform, reported financial results for the quarter ended September 30, 2023. Third Quarter 2023 Highlights Net loss from continuing operations of $172 million primarily due to non-cash, negative fair value changes on long-term assets and liabilities. For the quarter, the Company recognized an adjusted net loss(2) of $25 million or $0.11 per sha
Finance of America Companies Inc. ("Finance of America") (NYSE:FOA), a modern retirement solutions platform, today announced that it will release financial results for the third quarter ended September 30, 2023 after market closing on Tuesday, November 7, 2023. Webcast and Earnings Conference Call Management will host a webcast and conference call on the same day at 5:00 pm Eastern Time to discuss the Company's results for the third quarter ended September 30, 2023. A copy of the press release and investor presentation will be posted prior to the call under the "Investors" section on Finance of America's website at https://www.financeofamerica.com/investors. To listen to the audio web
Finance of America (NYSE:FOA) reported quarterly losses of $(0.03) per share which beat the analyst consensus estimate of $(0.06) by 50 percent. This is a 62.5 percent increase over losses of $(0.08) per share from the same period last year. The company reported quarterly sales of $74.682 million which beat the analyst consensus estimate of $61.970 million by 20.51 percent. This is a 46.98 percent decrease over sales of $140.855 million the same period last year.
Finance of America (NYSE:FOA) reported its Q4 earnings results on Wednesday, March 6, 2024 at 04:21 PM. Here's what investors need to know about the announcement. Earnings Finance of America missed estimated earnings by -12.0%, reporting an EPS of $-0.09 versus an estimate of $-0.08. Revenue was up $182.15 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.08 which was followed by a 28.000000000000004% drop in the share price the next day. Here's a look at Finance of America's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate -0.03 0.02 -0.02 -0.14 EPS Actual -0.11 -0.12 -0.08 -0.30 Revenue Estimate 1
Finance of America (NYSE:FOA) reported quarterly losses of $(0.09) per share which missed the analyst consensus estimate of $(0.08) by 12.5 percent. This is a 200 percent decrease over losses of $(0.03) per share from the same period last year. The company reported quarterly sales of $275.73 million which beat the analyst consensus estimate of $63.22 million by 336.15 percent. This is a 326.78 percent increase over sales of $64.61 million the same period last year.
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Finance of America (NYSE:FOA) is set to give its latest quarterly earnings report on Wednesday, 2024-03-06. Here's what investors need to know before the announcement. Analysts estimate that Finance of America will report an earnings per share (EPS) of $-0.08. Finance of America bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company missed EPS by $0.08, which was followed by a 28.26% d
UBS analyst Douglas Harter initiates coverage on Finance of America (NYSE:FOA) with a Buy rating and announces Price Target of $1.4.
Raymond James analyst Stephen Laws maintains Finance of America (NYSE:FOA) with a Outperform and lowers the price target from $2.25 to $2.
Finance of America (NYSE:FOA) reported quarterly losses of $(0.11) per share which missed the analyst consensus estimate of $(0.03) by 266.67 percent. This is a 10 percent decrease over losses of $(0.10) per share from the same period last year. The company reported quarterly sales of $(70.44 million) which missed the analyst consensus estimate of $117.50 million by 159.95 percent. This is a 199.07 percent decrease over sales of $71.10 million the same period last year.