Goldman initiated coverage on Finance of America with a new price target
$FOA
Finance: Consumer Services
Finance
Goldman initiated coverage of Finance of America with a rating of Neutral and set a new price target of $5.50
Save time and jump to the most important pieces.
| 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 |
4 - Finance of America Companies Inc. (0001828937) (Issuer)
4 - Finance of America Companies Inc. (0001828937) (Issuer)
4 - Finance of America Companies Inc. (0001828937) (Issuer)
– $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
– $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
10-Q - Finance of America Companies Inc. (0001828937) (Filer)
IRANNOTICE - Finance of America Companies Inc. (0001828937) (Filer)
8-K - Finance of America Companies Inc. (0001828937) (Filer)
SC 13D/A - Finance of America Companies Inc. (0001828937) (Subject)
SC 13D/A - Finance of America Companies Inc. (0001828937) (Subject)
SC 13D/A - Finance of America Companies Inc. (0001828937) (Subject)
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
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
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