First Acceptance (OTCMKTS:FACO) Posts Quarterly Earnings Results

First Acceptance (OTCMKTS:FACO) released its quarterly earnings data on Tuesday. The company reported $0.22 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $118.38 million during the quarter. First Acceptance had a net margin of 7.11% and a return on equity of 18.23%.

First Acceptance Stock Up 0.4%

OTCMKTS FACO traded up $0.02 during midday trading on Thursday, hitting $5.10. 46,694 shares of the company traded hands, compared to its average volume of 7,577. The company has a market cap of $188.19 million, a PE ratio of 5.43 and a beta of 0.16. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.64 and a quick ratio of 0.64. First Acceptance has a 52 week low of $3.00 and a 52 week high of $5.38. The company’s 50-day simple moving average is $4.64 and its 200-day simple moving average is $4.16.

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.