Fairfax Financial (OTCMKTS:FRFHF) Releases Earnings Results, Beats Expectations By $13.85 EPS

Key Points

• Fairfax Financial reported quarterly EPS of $43.32, beating analysts’ consensus estimate of $29.47 by $13.85. Its return on equity was 14.72%, and net margin was 13.83%.
• Shares fell $10.97 to $1,767.03 on Tuesday. The stock’s 52-week range is $1,500 to $1,949.
• Analyst views are mixed, and MarketBeat’s consensus rating is Hold: one analyst rates it Buy, two Hold, and one Sell.

Fairfax Financial (OTCMKTS:FRFHF - Get Free Report) announced its quarterly earnings data on Tuesday. The financial services provider reported $43.32 earnings per share for the quarter, topping analysts' consensus estimates of $29.47 by $13.85, Zacks reports. Fairfax Financial had a return on equity of 14.72% and a net margin of 13.83%.

Fairfax Financial Price Performance

Shares of Fairfax Financial stock traded down $10.97 on Tuesday, hitting $1,767.03. The company's stock had a trading volume of 8,525 shares, compared to its average volume of 8,965. Fairfax Financial has a 52-week low of $1,500.00 and a 52-week high of $1,949.00. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.46. The firm has a fifty day moving average price of $1,645.02 and a 200-day moving average price of $1,668.32. The company has a market capitalization of $36.75 billion, a P/E ratio of 8.66 and a beta of 0.45.

Wall Street Analyst Weigh In

A number of research firms have commented on FRFHF. Scotiabank reissued an "outperform" rating on shares of Fairfax Financial in a report on Friday, July 24th. Zacks Research downgraded shares of Fairfax Financial from a "hold" rating to a "strong sell" rating in a report on Monday, October 5th. Finally, BMO Capital Markets reissued a "market perform" rating on shares of Fairfax Financial in a report on Friday, October 16th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Fairfax Financial currently has a consensus rating of "Hold".

About Fairfax Financial

Fairfax Financial Holdings Limited is a Toronto-based holding company engaged primarily in property and casualty insurance and reinsurance. Through its operating subsidiaries, the company provides commercial and personal insurance products, specialty coverage, and reinsurance solutions to businesses, institutions, and individuals.

Fairfax's insurance operations include companies such as Odyssey Group, Allied World, Brit, Northbridge Insurance, Crum & Forster, and Zenith. Its businesses serve customers across Canada, the United States, Europe, and other international markets.

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