Based on ratings from 0 stock analysts, the First Acceptance Corp. stock price is expected to decrease by 100% in 12 months. This is calculated by using the average 12-month stock price forecast for First Acceptance Corp.. The lowest target is $ and the highest is $. Please note analyst price targets are not guaranteed and could be missed completely.
About 0 Wall Street analysts have assigned FACO 0 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect First Acceptance Corp. to perform worse than the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on FACO. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of FACO.
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When did it IPO
1982
Staff Count
0
Country
United States
Sector/Industry
Financial Services/Insurance - Specialty
CEO
Mr. Kenneth Duane Russell
Market Cap
$133.5M
In 2023, FACO generated $487.5M in revenue, which was a increase of 61.28% from the previous year. This can be seen as a signal that FACO's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - First Acceptance Corporation (OTCQX:FACO) reported its financial results for Q2 and H1 2024, available on their OTC Markets disclosure page.
Why It Matters - First Acceptance Corporation's quarterly financial results can reveal insights into its performance, affecting stock valuations and investor sentiment. Key metrics may influence trading decisions.
Summary - First Acceptance Corporation (OTCQX:FACO) has appointed Ronald H. Davies to its Board of Directors, effective July 1, 2024.
Why It Matters - The appointment of Ronald H. Davies to First Acceptance's Board may signal strategic changes ahead, potentially impacting company direction and investor confidence.
Summary - First Acceptance Corporation (OTCQX:FACO) released its financial results for Q1 2024, ending March 31. Full details are available at OTC Markets.
Why It Matters - First Acceptance Corporation's quarterly financial results impact investor sentiment and valuation, reflecting the company's performance and potential for future growth or risks.
Summary - First Acceptance Corporation (OTCQX:FACO) announced its financial results for Q4 and the full year of 2023, available in the 2023 Annual Report at otcmarkets.com.
Why It Matters - First Acceptance Corporation's financial results can impact its stock performance and investor sentiment, influencing investment decisions and market valuation.
Summary - First Acceptance Corporation (OTCQX:FACO) has been ranked among the 2024 OTCQX Best 50, highlighting its status as a top performer on the OTCQX Best Market in the past year.
Why It Matters - First Acceptance Corporation's inclusion in the OTCQX Best 50 highlights its strong performance, potentially attracting more investors and increasing its market visibility and credibility.
Summary - First Acceptance Corporation sold its subsidiary Acceptance Insurance Agency of Tennessee to Alliant Insurance for up to $120 million, with payments structured over several years based on performance.
Why It Matters - The sale of Acceptance Insurance Agency for up to $120 million enhances First Acceptance Corporation's liquidity and could improve its financial position and strategic focus, impacting stock performance.