Finance of America Reports Third Quarter 2024 Results
Finance of America Companies Inc. Class A (FOA)
Company Research
Source: Business Wire
– $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 – PLANO, Texas--(BUSINESS WIRE)--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 earnings per share for the quarter.The third quarter 2024 marks the fifth consecutive quarter of improved operating performance on an adjusted net basis.Adjusted EBITDA(2) of $32 million for the quarter.Book equity increased to $456 million as of September 30, 2024, or nearly $
Show less
Read more
Impact Snapshot
Event Time:
FOA
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FOA alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FOA alerts
High impacting Finance of America Companies Inc. Class A news events
Weekly update
A roundup of the hottest topics
FOA
News
- Finance of America Companies Inc. (NYSE: FOA) was downgraded by analysts at UBS Group AG from a "buy" rating to a "neutral" rating. They now have a $24.00 price target on the stock, up previously from $14.00.MarketBeat
- Finance of America Companies Inc (FOA) Q3 2024 Earnings Call Highlights: Strong Financial ... [Yahoo! Finance]Yahoo! Finance
- Finance of America Companies Inc. (FOA) Tops Q3 Earnings Estimates [Yahoo! Finance]Yahoo! Finance
- Finance of America Companies Inc (FOA) Q3 2024 Earnings Report Preview: What to Expect [Yahoo! Finance]Yahoo! Finance
- Finance of America Enhances Popular Reverse Home Equity Product, HomeSafe Second Gives More Homeowners 55+ a Flexible Alternative to Finance RetirementBusiness Wire
FOA
Earnings
- 11/6/24 - Beat
FOA
Sec Filings
- 11/19/24 - Form 4
- 11/12/24 - Form 4
- 11/12/24 - Form 4
- FOA's page on the SEC website