Fairfax Financial (OTCMKTS:FRFHF) Releases Quarterly Earnings Results, Misses Estimates By $5.06 EPS

Fairfax Financial (OTCMKTS:FRFHF) released its earnings results on Thursday. The financial services provider reported $31.11 earnings per share for the quarter, missing the consensus estimate of $36.17 by ($5.06), Zacks reports. The company had revenue of $7.82 billion for the quarter, compared to the consensus estimate of $8.62 billion. Fairfax Financial had a net margin of 14.16% and a return on equity of 15.11%.

Fairfax Financial Trading Down 7.4%

Fairfax Financial stock traded down $128.46 during mid-day trading on Friday, hitting $1,598.80. The company’s stock had a trading volume of 38,221 shares, compared to its average volume of 7,215. The company has a 50 day moving average of $1,718.28 and a 200-day moving average of $1,725.06. The stock has a market cap of $34.39 billion, a PE ratio of 7.47 and a beta of 0.58. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.78 and a current ratio of 3.78. Fairfax Financial has a one year low of $1,528.10 and a one year high of $1,949.00.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Zacks Research downgraded Fairfax Financial from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. BMO Capital Markets downgraded shares of Fairfax Financial from an “outperform” rating to a “hold” rating in a report on Wednesday, January 21st. Finally, Scotiabank reiterated an “outperform” rating on shares of Fairfax Financial in a report on Friday, January 30th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Fairfax Financial Company Profile

Fairfax Financial (OTCMKTS:FRFHF) is a Toronto-based financial holding company primarily engaged in property and casualty insurance, reinsurance and investment management. The company underwrites a broad range of commercial and personal insurance products, operates specialty and run-off reinsurance businesses, and manages a diversified investment portfolio largely funded by insurance float. Fairfax conducts its insurance operations through a network of subsidiaries and affiliated companies that provide local underwriting and claims services across multiple markets.

On the insurance side, Fairfax writes a mix of short-tail and long-tail coverages across specialty lines, commercial casualty, property and other niche markets, while its reinsurance activities include treaty and facultative solutions for cedants and intermediaries.