Fairfax Financial (FFH) Set to Announce Earnings on Thursday

Fairfax Financial (TSE:FFH) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Fairfax Financial to post earnings of C$61.92 per share for the quarter.

Fairfax Financial (TSE:FFH) last announced its quarterly earnings data on Thursday, February 15th. The company reported C$71.98 earnings per share for the quarter, missing the consensus estimate of C$81.40 by C($9.42). The company had revenue of C$9.40 billion during the quarter, compared to the consensus estimate of C$10.25 billion. Fairfax Financial had a net margin of 13.76% and a return on equity of 20.09%.

Fairfax Financial Stock Down 0.3 %

Shares of TSE FFH traded down C$4.22 during mid-day trading on Tuesday, hitting C$1,503.81. The company had a trading volume of 11,319 shares, compared to its average volume of 79,717. The company has a market capitalization of C$33.29 billion, a PE ratio of 6.44, a price-to-earnings-growth ratio of 0.27 and a beta of 0.86. The firm has a 50-day simple moving average of C$1,474.49 and a two-hundred day simple moving average of C$1,325.16. 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 one year low of C$910.44 and a one year high of C$1,563.49.

Insider Buying and Selling

In other Fairfax Financial news, Director Christine N. Mclean acquired 80 shares of Fairfax Financial stock in a transaction that occurred on Wednesday, February 21st. The shares were bought at an average price of C$1,349.98 per share, with a total value of C$107,998.40. Following the completion of the purchase, the director now directly owns 589 shares in the company, valued at approximately C$795,138.22. In other news, Director Christine N. Mclean bought 80 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were acquired at an average price of C$1,349.98 per share, for a total transaction of C$107,998.40. Following the completion of the acquisition, the director now directly owns 589 shares in the company, valued at C$795,138.22. Also, Director Brian Johnston Porter acquired 100 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were bought at an average price of C$1,509.40 per share, for a total transaction of C$150,940.00. Following the acquisition, the director now directly owns 950 shares of the company’s stock, valued at approximately C$1,433,930. Over the last 90 days, insiders have acquired 190 shares of company stock valued at $273,877 and have sold 4,572 shares valued at $5,835,859. 3.63% of the stock is currently owned by insiders.

Analysts Set New Price Targets

FFH has been the subject of a number of research analyst reports. CIBC lifted their price target on Fairfax Financial from C$1,700.00 to C$2,000.00 in a report on Wednesday, March 13th. Royal Bank of Canada lifted their price target on shares of Fairfax Financial from C$1,085.00 to C$1,200.00 and gave the company an “outperform” rating in a research report on Tuesday, February 20th. Cormark boosted their price objective on shares of Fairfax Financial from C$1,600.00 to C$1,800.00 in a research report on Thursday, April 18th. National Bankshares boosted 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 research report on Friday, January 26th. Finally, BMO Capital Markets boosted their target price on shares of Fairfax Financial from C$1,550.00 to C$1,650.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Fairfax Financial presently has a consensus rating of “Buy” and a consensus target price of C$1,775.00.

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.