First American Financial (FAF) Set to Announce Quarterly Earnings on Wednesday

First American Financial (NYSE:FAF - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Wednesday, April 24th. Analysts expect First American Financial to post earnings of $0.84 per share for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

First American Financial (NYSE:FAF - Get Free Report) last posted its quarterly earnings results on Thursday, February 8th. The insurance provider reported $0.69 EPS for the quarter, missing analysts' consensus estimates of $0.75 by ($0.06). First American Financial had a return on equity of 8.27% and a net margin of 3.61%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period last year, the firm posted $1.35 EPS. The company's revenue for the quarter was down 15.2% compared to the same quarter last year. On average, analysts expect First American Financial to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

First American Financial Price Performance

Shares of FAF traded down $0.12 during mid-day trading on Wednesday, hitting $54.99. The stock had a trading volume of 371,173 shares, compared to its average volume of 707,513. The firm has a market cap of $5.69 billion, a P/E ratio of 26.44 and a beta of 1.28. First American Financial has a 52 week low of $49.55 and a 52 week high of $65.54. The business has a fifty day moving average price of $57.92 and a 200-day moving average price of $58.18.

First American Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 8th were issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend was Thursday, March 7th. First American Financial's dividend payout ratio (DPR) is presently 101.92%.

Hedge Funds Weigh In On First American Financial

A number of large investors have recently modified their holdings of FAF. Point72 Hong Kong Ltd bought a new stake in shares of First American Financial in the 2nd quarter worth approximately $36,000. PCA Investment Advisory Services Inc. purchased a new position in First American Financial in the 2nd quarter worth $41,000. Brown Brothers Harriman & Co. bought a new stake in First American Financial in the first quarter worth $46,000. Industrial Alliance Investment Management Inc. boosted its position in First American Financial by 161.3% during the fourth quarter. Industrial Alliance Investment Management Inc. now owns 925 shares of the insurance provider's stock valued at $48,000 after buying an additional 571 shares during the period. Finally, Sunbelt Securities Inc. bought a new position in shares of First American Financial during the first quarter valued at about $55,000. 89.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on FAF. TheStreet downgraded First American Financial from a "b-" rating to a "c+" rating in a research note on Tuesday, March 12th. Stephens reaffirmed an "overweight" rating and issued a $73.00 price target on shares of First American Financial in a report on Thursday, February 8th. Deutsche Bank Aktiengesellschaft started coverage on First American Financial in a report on Wednesday, January 10th. They set a "buy" rating for the company. Finally, Keefe, Bruyette & Woods raised shares of First American Financial from a "market perform" rating to an "outperform" rating and raised their target price for the company from $66.00 to $69.00 in a research note on Thursday, March 21st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, First American Financial has a consensus rating of "Moderate Buy" and an average price target of $68.00.

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.