Fairfax India (OTCMKTS:FFXDF) Releases Quarterly Earnings Results, Misses Estimates By $3.12 EPS

Key Points

• EPS miss: Fairfax India reported quarterly earnings of ($2.76) per share, missing the consensus estimate of $0.36 by $3.12.
• Shares traded up to $17.83 (+$0.28) on volume of 30,251 (below the 36,991 average); the company has a market cap of $2.40 billion and a reported P/E of 5.87.
• Balance-sheet signals: the firm has very low liquidity with a quick ratio and current ratio of 0.04 each, and a modest debt-to-equity ratio of 0.15, indicating limited short-term cash coverage despite low leverage.

Fairfax India (OTCMKTS:FFXDF - Get Free Report) issued its quarterly earnings data on Thursday. The company reported ($2.76) earnings per share for the quarter, missing the consensus estimate of $0.36 by ($3.12), Zacks reports.

Fairfax India Stock Performance

Shares of FFXDF traded up $0.28 during trading hours on Thursday, hitting $17.83. The company had a trading volume of 30,251 shares, compared to its average volume of 36,991. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 5.87 and a beta of 0.82. The business has a fifty day moving average of $17.44 and a 200-day moving average of $17.20. Fairfax India has a 12 month low of $15.46 and a 12 month high of $20.49. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.15.

Fairfax India Company Profile

Fairfax India OTCMKTS: FFXDF is a Bermuda‐incorporated, Toronto‐based investment holding company that focuses on equity and debt opportunities within India’s rapidly evolving economy. Publicly traded on the OTC market under the symbol FFXDF, the firm seeks to deliver long‐term capital appreciation through a diversified portfolio of Indian financial services, consumer products, healthcare, and industrial enterprises.

The company’s primary activities include making direct equity investments in publicly listed Indian companies as well as participating in private placements and structured debt instruments.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.