First American Financial (NYSE:FAF) Releases Earnings Results, Misses Expectations By $0.22 EPS

First American Financial (NYSE:FAF - Get Free Report) issued its quarterly earnings results on Wednesday. The insurance provider reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.22), Briefing.com reports. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.42 billion. First American Financial had a return on equity of 8.27% and a net margin of 3.61%. First American Financial's quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 EPS.

First American Financial Stock Performance

FAF traded down $3.51 on Thursday, hitting $54.27. The company had a trading volume of 1,671,671 shares, compared to its average volume of 705,172. The stock has a fifty day moving average price of $57.70 and a 200-day moving average price of $58.29. First American Financial has a 12-month low of $49.55 and a 12-month high of $65.54. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 25.59 and a beta of 1.28.

First American Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 8th were paid a dividend of $0.53 per share. The ex-dividend date was Thursday, March 7th. This represents a $2.12 annualized dividend and a dividend yield of 3.91%. First American Financial's dividend payout ratio is currently 101.92%.

Analysts Set New Price Targets

Several research firms recently commented on FAF. Keefe, Bruyette & Woods raised shares of First American Financial from a "market perform" rating to an "outperform" rating and increased their target price for the company from $66.00 to $69.00 in a report on Thursday, March 21st. TheStreet cut shares of First American Financial from a "b-" rating to a "c+" rating in a research report on Tuesday, March 12th. Stephens reissued an "overweight" rating and set a $72.00 price target on shares of First American Financial in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of First American Financial in a research report on Wednesday, January 10th. They set a "buy" rating for the company. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, First American Financial presently has an average rating of "Moderate Buy" and an average price target of $67.75.

First American Financial Company Profile

First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Home Warranty segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services internationally.