Analysts Issue Forecasts for Fairfax Financial Holdings Ltd Subordinate Voting Shares’ Q1 2019 Earnings (FFH)

Fairfax Financial Holdings Ltd Subordinate Voting Shares (TSE:FFH) – Cormark cut their Q1 2019 EPS estimates for shares of Fairfax Financial Holdings Ltd Subordinate Voting Shares in a research report issued on Thursday, January 10th. Cormark analyst J. Fenwick now forecasts that the company will post earnings per share of $14.04 for the quarter, down from their previous estimate of $14.15. Cormark also issued estimates for Fairfax Financial Holdings Ltd Subordinate Voting Shares’ Q2 2019 earnings at $15.14 EPS, Q3 2019 earnings at $15.87 EPS, Q4 2019 earnings at $16.49 EPS and FY2019 earnings at $61.55 EPS.

Other analysts also recently issued research reports about the company. BMO Capital Markets reduced their price objective on Fairfax Financial Holdings Ltd Subordinate Voting Shares from C$770.00 to C$720.00 in a research report on Friday, November 2nd. CIBC upgraded Fairfax Financial Holdings Ltd Subordinate Voting Shares from a “neutral” rating to an “outperform” rating and set a C$750.00 price objective for the company in a research report on Thursday, October 18th. Finally, Royal Bank of Canada reduced their price objective on Fairfax Financial Holdings Ltd Subordinate Voting Shares from C$650.00 to C$625.00 and set an “outperform” rating for the company in a research report on Monday, November 5th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of C$720.00.



Shares of FFH stock opened at C$605.78 on Friday. The company has a quick ratio of 1.25, a current ratio of 2.00 and a debt-to-equity ratio of 36.63. Fairfax Financial Holdings Ltd Subordinate Voting Shares has a 12 month low of C$565.99 and a 12 month high of C$788.88.

Fairfax Financial Holdings Ltd Subordinate Voting Shares (TSE:FFH) last announced its quarterly earnings data on Thursday, November 1st. The company reported C$11.22 EPS for the quarter, missing the Zacks’ consensus estimate of C$14.60 by C($3.38). The business had revenue of C$5.80 billion during the quarter, compared to the consensus estimate of C$5.49 billion.

The business also recently announced an annual dividend, which will be paid on Monday, January 28th. Stockholders of record on Monday, January 28th will be issued a $10.00 dividend. The ex-dividend date is Thursday, January 17th. This represents a dividend yield of 1.71%. Fairfax Financial Holdings Ltd Subordinate Voting Shares’s payout ratio is presently 16.96%.

About Fairfax Financial Holdings Ltd Subordinate Voting Shares

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 also underwrites specialty insurance and reinsurance; develops, produces, markets, and distributes television programs; and franchises, owns, and operates dining restaurants and holiday resorts.

Further Reading: Investing in Growth Stocks

Receive News & Ratings for Fairfax Financial Holdings Ltd Subordinate Voting Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fairfax Financial Holdings Ltd Subordinate Voting Shares and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply