First Acceptance (OTCMKTS:FACO) Announces Earnings Results

First Acceptance (OTCMKTS:FACO) released its quarterly earnings results on Tuesday. The company reported $0.16 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $117.90 million during the quarter. First Acceptance had a return on equity of 16.15% and a net margin of 7.26%.

First Acceptance Trading Down 1.5%

Shares of FACO opened at $5.91 on Thursday. First Acceptance has a 1-year low of $3.57 and a 1-year high of $6.90. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a 50 day simple moving average of $6.06 and a 200-day simple moving average of $5.25. The stock has a market cap of $217.02 million, a price-to-earnings ratio of 6.72 and a beta of 0.26.

First Acceptance Company Profile

First Acceptance Corporation is an insurance holding company associated with Acceptance Insurance, a provider of personal automobile insurance for drivers who may have difficulty obtaining coverage through standard insurance carriers. The company’s business is focused primarily on the nonstandard auto insurance market.

Through its insurance operations, First Acceptance offers automobile liability coverage and related protection, including options that may cover damage to a policyholder’s vehicle.