Fairfax Financial (OTCMKTS:FRFHF - Get Free Report) posted its quarterly earnings data on Thursday. The financial services provider reported $61.61 earnings per share for the quarter, beating analysts' consensus estimates of $60.25 by $1.36, Zacks reports. The business had revenue of $9.18 billion during the quarter, compared to analyst estimates of $9.30 billion. Fairfax Financial had a net margin of 14.68% and a return on equity of 16.39%.
Fairfax Financial Price Performance
OTCMKTS FRFHF traded up $5.06 on Monday, hitting $1,750.00. 1,930 shares of the company were exchanged, compared to its average volume of 5,033. The firm has a 50 day moving average of $1,756.11 and a two-hundred day moving average of $1,560.57. The company has a market cap of $39.60 billion, a P/E ratio of 8.87 and a beta of 0.79. The company has a current ratio of 4.20, a quick ratio of 4.20 and a debt-to-equity ratio of 0.45. Fairfax Financial has a 1-year low of $1,027.00 and a 1-year high of $1,833.48.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the stock. Wall Street Zen lowered shares of Fairfax Financial from a "strong-buy" rating to a "buy" rating in a research report on Sunday. Raymond James Financial upgraded shares of Fairfax Financial to a "moderate buy" rating in a research note on Thursday, April 10th. Royal Bank Of Canada upgraded shares of Fairfax Financial to a "moderate buy" rating in a research note on Wednesday, June 18th. National Bankshares reissued an "outperform" rating on shares of Fairfax Financial in a report on Wednesday, April 30th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Fairfax Financial in a report on Monday, May 5th. Three equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $1,500.00.
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Fairfax Financial Company Profile
(
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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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