Equities Analysts Issue Forecasts for Fairfax Financial Holdings Limited’s Q1 2024 Earnings (TSE:FFH)

Fairfax Financial Holdings Limited (TSE:FFH) – Analysts at Cormark issued their Q1 2024 earnings estimates for shares of Fairfax Financial in a research report issued to clients and investors on Thursday, April 18th. Cormark analyst J. Fenwick expects that the company will post earnings per share of $57.07 for the quarter. The consensus estimate for Fairfax Financial’s current full-year earnings is $189.55 per share. Cormark also issued estimates for Fairfax Financial’s Q2 2024 earnings at $49.24 EPS, Q3 2024 earnings at $41.65 EPS, Q4 2024 earnings at $43.83 EPS and FY2024 earnings at $194.75 EPS.

A number of other brokerages have also issued reports on FFH. Royal Bank of Canada increased their price objective on shares of Fairfax Financial from C$1,085.00 to C$1,200.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. CIBC increased their price objective on shares of Fairfax Financial from C$1,700.00 to C$2,000.00 in a report on Wednesday, March 13th. BMO Capital Markets increased their price objective on shares of Fairfax Financial from C$1,550.00 to C$1,650.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. National Bankshares increased their price objective on shares of Fairfax Financial from C$1,800.00 to C$2,000.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Finally, Scotiabank increased their price objective on shares of Fairfax Financial from C$1,650.00 to C$1,900.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Fairfax Financial currently has an average rating of “Buy” and an average price target of C$1,758.33.

Fairfax Financial Price Performance

TSE FFH opened at C$1,480.71 on Monday. The company has a current ratio of 6.07, a quick ratio of 0.93 and a debt-to-equity ratio of 38.98. Fairfax Financial has a 12 month low of C$909.32 and a 12 month high of C$1,563.49. The company’s 50 day moving average is C$1,465.43 and its two-hundred day moving average is C$1,315.41. The stock has a market cap of C$32.78 billion, a price-to-earnings ratio of 6.32, a PEG ratio of 0.27 and a beta of 0.86.

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

Insider Activity at Fairfax Financial

In other Fairfax Financial news, Director Brian Johnston Porter bought 100 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average cost of C$1,509.40 per share, with a total value of C$150,940.00. Following the completion of the acquisition, the director now owns 950 shares in the company, valued at approximately C$1,433,930. In related news, insider Andrew Barnard sold 2,572 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of C$1,120.68, for a total value of C$2,882,388.96. Also, Director Brian Johnston Porter purchased 100 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was bought at an average price of C$1,509.40 per share, with a total value of C$150,940.00. Following the completion of the transaction, the director now owns 950 shares of the company’s stock, valued at C$1,433,930. Over the last ninety days, insiders acquired 190 shares of company stock valued at $273,877 and sold 4,572 shares valued at $5,835,859. 3.63% of the stock is currently owned by 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.