Fairfax Financial (FFH) Scheduled to Post Quarterly Earnings on Thursday

Fairfax Financial (TSE:FFH) is scheduled to be releasing 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 announced its quarterly earnings data on Thursday, May 2nd. The company reported C$41.54 earnings per share (EPS) for the quarter, missing the consensus estimate of C$55.05 by C($13.51). The firm had revenue of C$10.36 billion during the quarter. Fairfax Financial had a return on equity of 17.26% and a net margin of 12.26%.

Fairfax Financial Trading Up 0.6 %

Shares of FFH traded up C$10.01 during mid-day trading on Wednesday, reaching C$1,604.26. 535 shares of the company’s stock traded hands, compared to its average volume of 61,429. The company has a debt-to-equity ratio of 37.45, a current ratio of 3.87 and a quick ratio of 0.93. The stock’s 50-day moving average is C$1,554.78 and its two-hundred day moving average is C$1,486.79. Fairfax Financial has a 12 month low of C$1,036.96 and a 12 month high of C$1,624.48. The stock has a market cap of C$34.99 billion, a P/E ratio of 7.58, a P/E/G ratio of 0.27 and a beta of 0.85.

Insider Buying and Selling

In related news, Director David Lloyd Johnston sold 138 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of C$1,556.03, for a total transaction of C$214,732.28. In related news, Director David Lloyd Johnston sold 138 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of C$1,556.03, for a total transaction of C$214,732.28. Also, Director F. Brian Bradstreet sold 1,000 shares of Fairfax Financial stock in a transaction on Thursday, June 6th. The stock was sold at an average price of C$1,564.98, for a total transaction of C$1,564,981.00. Insiders sold 2,934 shares of company stock valued at $4,168,909 over the last 90 days. Corporate insiders own 3.65% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.