Brokers Set Expectations for Fairfax Financial Holdings Limited’s FY2024 Earnings (TSE:FFH)
Fairfax Financial Holdings Limited (TSE:FFH – Free Report) – Research analysts at National Bank Financial upped their FY2024 earnings per share estimates for Fairfax Financial in a report released on Monday, March 11th. National Bank Financial analyst J. Gloyn now anticipates that the company will earn $224.94 per share for the year, up from their previous forecast of $223.02. The consensus estimate for Fairfax Financial’s current full-year earnings is $185.09 per share.
Fairfax Financial (TSE:FFH – Get Free Report) last issued its quarterly earnings data on Thursday, February 15th. The company reported C$71.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$81.40 by C($9.42). The business had revenue of C$9.40 billion during the quarter, compared to the consensus estimate of C$10.25 billion. Fairfax Financial had a return on equity of 21.21% and a net margin of 13.76%.
A number of other analysts have also issued reports on FFH. CIBC increased their target price on Fairfax Financial from C$1,700.00 to C$2,000.00 in a report on Wednesday. Royal Bank of Canada raised their price target on 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. National Bankshares raised their price target on shares of Fairfax Financial from C$1,800.00 to C$2,000.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Scotiabank raised their price target 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. Finally, BMO Capital Markets lifted 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 report on Tuesday, February 20th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Fairfax Financial currently has a consensus rating of “Buy” and an average target price of C$1,725.00.
Fairfax Financial Price Performance
Shares of TSE:FFH opened at C$1,493.30 on Wednesday. Fairfax Financial has a one year low of C$863.55 and a one year high of C$1,496.33. The stock has a fifty day moving average of C$1,365.04 and a 200-day moving average of C$1,241.41. The company has a market capitalization of C$34.35 billion, a PE ratio of 6.25, a price-to-earnings-growth ratio of 0.27 and a beta of 0.86. The company has a debt-to-equity ratio of 35.10, a quick ratio of 0.93 and a current ratio of 4.06.
Insider Transactions at Fairfax Financial
In other Fairfax Financial news, Director Christine N. Mclean purchased 80 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were bought 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 owns 589 shares in the company, valued at C$795,138.22. In related news, Director F. Brian Bradstreet sold 1,000 shares of Fairfax Financial stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of C$1,468.47, for a total transaction of C$1,468,470.00. Also, Director Christine N. Mclean purchased 80 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was bought at an average cost 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 owns 589 shares of the company’s stock, valued at approximately C$795,138.22. Insiders own 3.62% of the company’s stock.
Fairfax Financial Increases Dividend
The business also recently declared an annual dividend, which was paid on Thursday, January 25th. Shareholders of record on Thursday, January 18th were issued a $19.871 dividend. This is a boost from Fairfax Financial’s previous annual dividend of $13.42. This represents a yield of 1.63%. The ex-dividend date was Wednesday, January 17th. Fairfax Financial’s dividend payout ratio is currently 8.49%.
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.
Featured Articles
Receive News & Ratings for Fairfax Financial Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Fairfax Financial and related companies with MarketBeat.com’s FREE daily email newsletter.
