Fairfax Financial (FFH) Scheduled to Post Earnings on Thursday

Fairfax Financial (TSE:FFH) will post its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Fairfax Financial to post earnings of C$61.92 per share for the quarter.

Fairfax Financial (TSE:FFH) last issued its earnings results on Thursday, February 15th. The company reported C$71.98 EPS for the quarter, missing the consensus estimate of C$81.40 by C($9.42). The business had revenue of C$9.40 billion for the quarter, compared to analyst estimates of C$10.25 billion. Fairfax Financial had a return on equity of 20.09% and a net margin of 13.76%.

Fairfax Financial Stock Down 0.8 %

Shares of TSE FFH opened at C$1,496.71 on Wednesday. The company has a current ratio of 6.07, a quick ratio of 0.93 and a debt-to-equity ratio of 38.98. The company has a market cap of C$33.14 billion, a price-to-earnings ratio of 6.39, a PEG ratio of 0.27 and a beta of 0.86. Fairfax Financial has a 12 month low of C$910.44 and a 12 month high of C$1,563.49. The stock has a 50-day moving average price of C$1,477.19 and a two-hundred day moving average price of C$1,327.73.

Analyst Ratings Changes

Several research analysts have commented on the company. National Bankshares boosted their target price on Fairfax Financial from C$2,000.00 to C$2,100.00 and gave the stock an “outperform” rating in a research note on Tuesday. CIBC upped their price objective on Fairfax Financial from C$1,700.00 to C$2,000.00 in a research note on Wednesday, March 13th. Royal Bank of Canada upped their price objective on Fairfax Financial from C$1,085.00 to C$1,200.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. Cormark upped their price objective on Fairfax Financial from C$1,600.00 to C$1,800.00 in a research note on Thursday, April 18th. Finally, BMO Capital Markets upped their price objective on Fairfax Financial from C$1,550.00 to C$1,650.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$1,791.67.

Insider Activity at Fairfax Financial

In related news, Director Christine N. Mclean bought 80 shares of Fairfax Financial stock in a transaction that occurred on Wednesday, February 21st. The shares were acquired at an average cost of C$1,349.98 per share, for a total transaction of C$107,998.40. Following the completion of the acquisition, the director now directly owns 589 shares of the company’s stock, valued at approximately C$795,138.22. In related news, Director Christine N. Mclean bought 80 shares of Fairfax Financial stock in a transaction that occurred on Wednesday, February 21st. The shares were acquired at an average cost of C$1,349.98 per share, for a total transaction of C$107,998.40. Following the completion of the acquisition, the director now directly owns 589 shares of the company’s stock, valued at approximately C$795,138.22. Also, insider Andrew Barnard sold 2,572 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$1,120.68, for a total value of C$2,882,388.96. Over the last ninety days, insiders have purchased 190 shares of company stock worth $273,877 and have sold 4,572 shares worth $5,835,859. 3.63% of the stock is currently owned by company insiders.

About Fairfax Financial

Fairfax Financial Holdings Limited, through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, Asia, and internationally. The company operates through Property and Casualty Insurance and Reinsurance, Life insurance and Run-off, and Non-Insurance Companies segments.