Fairfax Financial (OTCMKTS:FRFHF) Announces Earnings Results

Fairfax Financial (OTCMKTS:FRFHF - Get Free Report) issued its earnings results on Thursday, May 1st. The financial services provider reported $42.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $31.92 by $10.78, Zacks reports. The business had revenue of $8.47 billion during the quarter, compared to analysts' expectations of $7.76 billion. Fairfax Financial had a net margin of 12.47% and a return on equity of 14.43%.

Fairfax Financial Price Performance

Shares of FRFHF traded up $18.58 during mid-day trading on Thursday, reaching $1,611.19. The stock had a trading volume of 8,376 shares, compared to its average volume of 4,380. The business has a fifty day moving average of $1,446.72 and a 200 day moving average of $1,402.01. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.45 and a current ratio of 3.65. The firm has a market cap of $36.54 billion, a price-to-earnings ratio of 10.00 and a beta of 0.76. Fairfax Financial has a 12 month low of $1,027.00 and a 12 month high of $1,616.00.

Analyst Upgrades and Downgrades

FRFHF has been the topic of a number of research analyst reports. Raymond James raised Fairfax Financial to a "moderate buy" rating in a report on Thursday, April 10th. BMO Capital Markets restated an "outperform" rating on shares of Fairfax Financial in a research report on Monday. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Fairfax Financial in a research report on Wednesday, April 30th.

About Fairfax Financial

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.