Fairfax Financial (FFH) Set to Announce Quarterly Earnings on Thursday

Fairfax Financial (TSE:FFH) is set to release its earnings data after the market closes on Thursday, August 1st. Analysts expect Fairfax Financial to post earnings of C$47.38 per share for the quarter.

Fairfax Financial (TSE:FFH) last posted its quarterly earnings results on Thursday, May 2nd. The company reported C$41.54 EPS for the quarter, missing the consensus estimate of C$55.05 by C($13.51). Fairfax Financial had a net margin of 12.26% and a return on equity of 17.26%. The business had revenue of C$10.36 billion during the quarter.

Fairfax Financial Trading Up 1.0 %

FFH traded up C$15.88 during trading on Tuesday, hitting C$1,603.00. 10,846 shares of the company’s stock were exchanged, compared to its average volume of 61,750. Fairfax Financial has a 1 year low of C$1,036.96 and a 1 year high of C$1,624.48. The stock has a 50 day moving average price of C$1,553.89 and a 200 day moving average price of C$1,484.38. The firm has a market cap of C$34.96 billion, a P/E ratio of 7.55, a price-to-earnings-growth ratio of 0.27 and a beta of 0.85. The company has a current ratio of 3.87, a quick ratio of 0.93 and a debt-to-equity ratio of 37.45.

Analysts Set New Price Targets

Several research firms have commented on FFH. BMO Capital Markets raised their price objective on Fairfax Financial from C$1,650.00 to C$1,800.00 in a research report on Monday, May 6th. National Bankshares raised their target price on Fairfax Financial from C$2,000.00 to C$2,100.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. Cormark upped their price target on Fairfax Financial from C$1,600.00 to C$1,800.00 in a report on Thursday, April 18th. Scotiabank lifted their price objective on shares of Fairfax Financial from C$1,950.00 to C$2,000.00 in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada upped their target price on shares of Fairfax Financial from C$1,200.00 to C$1,275.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$1,829.17.

Insider Transactions at Fairfax Financial

In related news, Director Robert John Gunn sold 631 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of C$1,529.64, for a total value of C$965,202.84. In other news, Director Robert John Gunn sold 631 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of C$1,529.64, for a total value of C$965,202.84. Also, Director F. Brian Bradstreet sold 1,000 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of C$1,564.98, for a total transaction of C$1,564,981.00. Over the last quarter, insiders sold 2,934 shares of company stock valued at $4,168,909. 3.65% of the stock is currently owned by corporate insiders.

Fairfax Financial Company Profile

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.