First Acceptance (OTCMKTS:FACO) Posts Earnings Results

First Acceptance (OTCMKTS:FACO) released its quarterly earnings results on Tuesday. The company reported $0.22 earnings per share (EPS) for the quarter, Zacks reports. First Acceptance had a return on equity of 16.23% and a net margin of 5.97%.The business had revenue of $118.38 million during the quarter.

First Acceptance Stock Performance

OTCMKTS:FACO opened at $5.02 on Wednesday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $185.24 million, a P/E ratio of 6.28 and a beta of 0.16. The firm has a 50-day moving average price of $4.62 and a two-hundred day moving average price of $4.14. First Acceptance has a twelve month low of $3.00 and a twelve month high of $5.38.

First Acceptance Company Profile

First Acceptance Corporation (OTCMKTS: FACO) is a specialty underwriter that focuses on directly marketed print and supplemental health insurance products. Through a network of postal and digital marketing channels, the company offers fixed indemnity medical plans designed to help policyholders manage out-of-pocket healthcare expenses. In addition to core health insurance plans, First Acceptance markets a variety of supplemental coverage options, including dental, accident and critical illness policies.

Beyond its print health business, First Acceptance operates an insurance risk retention group that enables member organizations to pool risk and purchase liability and healthcare benefit programs.