Fairfax Financial (TSE:FFH) Announces Earnings Results

Fairfax Financial (TSE:FFH) issued its quarterly earnings results on Tuesday. The company reported C$61.67 earnings per share (EPS) for the quarter, FiscalAI reports. Fairfax Financial had a net margin of 13.57% and a return on equity of 16.94%. The business had revenue of C$17.94 billion during the quarter.

Fairfax Financial Price Performance

FFH traded down C$1.75 during midday trading on Tuesday, hitting C$2,488.86. The company had a trading volume of 87,294 shares, compared to its average volume of 69,784. Fairfax Financial has a twelve month low of C$2,066.16 and a twelve month high of C$2,700.00. The company has a market capitalization of C$55.68 billion, a PE ratio of 12.22, a P/E/G ratio of 0.27 and a beta of 0.34. The company has a debt-to-equity ratio of 54.38, a quick ratio of 0.93 and a current ratio of 2.03. The firm’s 50-day simple moving average is C$2,306.13 and its 200-day simple moving average is C$2,315.06.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Raymond James Financial dropped their target price on Fairfax Financial from C$3,000.00 to C$2,900.00 and set an “outperform” rating on the stock in a research report on Friday, October 16th. RBC Dominion Securities raised their target price on Fairfax Financial from C$2,223.00 to C$2,318.00 and gave the stock an “outperform” rating in a research report on Friday, October 23rd. National Bank Financial lifted their target price on shares of Fairfax Financial from C$3,450.00 to C$3,600.00 and gave the company an “outperform” rating in a research note on Wednesday, October 28th. Finally, ATB Cormark Capital Markets reduced their target price on shares of Fairfax Financial from C$2,600.00 to C$2,500.00 and set a “sector perform” rating for the company in a research note on Thursday, October 8th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$2,684.88.

Fairfax Financial Company Profile

Fairfax Financial is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management.