Fairfax Financial (FRFHF) to Release Quarterly Earnings on Thursday

Key Points

• Fairfax Financial is set to announce its quarterly earnings on Thursday, October 30th, with analysts expecting earnings of $41.00 per share for the quarter.
• The company reported $61.61 earnings per share for the last quarter, surpassing expectations of $60.25 by $1.36, along with a revenue of $9.18 billion.
• Analysts have generally rated Fairfax Financial as a "Moderate Buy" with an average target price of $1,500.00, though there are some differing ratings from various firms.

Fairfax Financial (OTCMKTS:FRFHF - Get Free Report) is expected to be issuing its results after the market closes on Thursday, October 30th. Analysts expect the company to announce earnings of $41.00 per share for the quarter.

Fairfax Financial (OTCMKTS:FRFHF - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The financial services provider reported $61.61 earnings per share for the quarter, beating the consensus estimate of $60.25 by $1.36. The business had revenue of $9.18 billion during the quarter, compared to analysts' expectations of $9.30 billion. Fairfax Financial had a return on equity of 16.39% and a net margin of 14.68%. On average, analysts expect Fairfax Financial to post $167 EPS for the current fiscal year and $179 EPS for the next fiscal year.

Fairfax Financial Stock Up 2.6%

OTCMKTS FRFHF opened at $1,646.52 on Thursday. The stock has a 50 day moving average price of $1,729.68 and a 200-day moving average price of $1,686.58. Fairfax Financial has a one year low of $1,232.69 and a one year high of $1,833.48. The company has a debt-to-equity ratio of 0.45, a quick ratio of 4.20 and a current ratio of 4.20. The company has a market capitalization of $37.01 billion, a P/E ratio of 8.34 and a beta of 0.80.

Analysts Set New Price Targets

Several equities analysts have commented on FRFHF shares. Wall Street Zen upgraded shares of Fairfax Financial from a "hold" rating to a "buy" rating in a research report on Sunday, August 31st. Cormark downgraded shares of Fairfax Financial from a "moderate buy" rating to a "hold" rating in a report on Wednesday, August 6th. Raymond James Financial restated an "outperform" rating on shares of Fairfax Financial in a research report on Thursday, October 16th. Finally, Scotiabank reiterated an "outperform" rating on shares of Fairfax Financial in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $1,500.00.

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.

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