First Acceptance Corporation (FAC) Releases Earnings Results
First Acceptance Corporation (NYSE:FAC) released its earnings results on Tuesday. The financial services provider reported $0.05 earnings per share for the quarter, Bloomberg Earnings reports. First Acceptance Corporation had a negative net margin of 1.10% and a negative return on equity of 9.72%. The company had revenue of $85.98 million for the quarter.
First Acceptance Corporation (NYSE:FAC) traded up $0.13 on Wednesday, hitting $1.13. 149,014 shares of the company were exchanged, compared to its average volume of 4,616. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.78 and a current ratio of 0.78. First Acceptance Corporation has a 52 week low of $0.74 and a 52 week high of $1.74.
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About First Acceptance Corporation
First Acceptance Corporation is a retailer, servicer and underwriter of non-standard personal automobile insurance based in Nashville, Tennessee. The Company operates in two segments: Insurance, and Real estate and corporate. Its insurance operations are engaged in selling non-standard personal automobile insurance products and related products in over 20 states.
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