Freedom Financial (OTCMKTS:FDVA) Issues Earnings Results, Beats Estimates By $0.06 EPS

Freedom Financial (OTCMKTS:FDVA) posted its earnings results on Friday. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.11 by $0.06, Zacks reports. Freedom Financial had a negative return on equity of 1.17% and a negative net margin of 1.62%. The firm had revenue of $8.11 million for the quarter, compared to analysts’ expectations of $15.86 million.

Freedom Financial Stock Performance

Shares of OTCMKTS FDVA opened at $11.66 on Friday. The stock has a fifty day moving average price of $11.89 and a two-hundred day moving average price of $12.06. The firm has a market cap of $80.32 million, a P/E ratio of -89.67 and a beta of 0.07. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.91 and a current ratio of 0.93. Freedom Financial has a 1 year low of $11.00 and a 1 year high of $12.48.

About Freedom Financial

Freedom Financial Holdings, Inc operates as the bank holding company for The Freedom Bank of Virginia that provides commercial banking, personal banking, and mortgage banking solutions. The company offers personal and business checking accounts, interest bearing business savings accounts, money market accounts, personal savings accounts, certificates of deposits, and IRAs, as well as insured cash sweep and certificate of deposit account registry services. It also provides business term, personal, and mortgage loans; commercial lines of credit; commercial real estate mortgage and small business lending services; home equity lines; and credit cards.