Freedom Financial (OTCMKTS:FDVA) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Freedom Financial (OTCMKTS:FDVA) announced its quarterly earnings results on Thursday. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.05, Zacks reports. The business had revenue of $8.31 million for the quarter, compared to the consensus estimate of $15.42 million. Freedom Financial had a negative return on equity of 0.57% and a negative net margin of 0.78%.

Freedom Financial Stock Performance

Freedom Financial stock traded up $0.06 during mid-day trading on Friday, hitting $12.26. 3,540 shares of the company’s stock traded hands, compared to its average volume of 1,158. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.24. The company has a market cap of $86.68 million, a PE ratio of 245.25 and a beta of 0.08. Freedom Financial has a one year low of $10.10 and a one year high of $12.48. The firm has a 50 day moving average price of $11.99 and a 200 day moving average price of $11.83.

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.