Fairfax Financial Holdings Limited (TSE:FFH - Free Report) - Analysts at National Bank Financial decreased their Q1 2024 earnings estimates for Fairfax Financial in a research note issued on Monday, April 29th. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings per share of $53.03 for the quarter, down from their prior forecast of $66.77. The consensus estimate for Fairfax Financial's current full-year earnings is $189.55 per share. National Bank Financial also issued estimates for Fairfax Financial's Q2 2024 earnings at $61.52 EPS, Q3 2024 earnings at $45.07 EPS, FY2024 earnings at $212.89 EPS and FY2025 earnings at $210.72 EPS.
Fairfax Financial (TSE:FFH - Get Free Report) last posted its earnings results on Thursday, February 15th. The company reported C$71.98 earnings per share for the quarter, missing analysts' consensus estimates of C$81.40 by C($9.42). Fairfax Financial had a return on equity of 20.09% and a net margin of 13.76%. The business had revenue of C$9.40 billion for the quarter, compared to analyst estimates of C$10.25 billion.
Other research analysts have also issued research reports about the stock. BMO Capital Markets upped their price target on shares of Fairfax Financial from C$1,550.00 to C$1,650.00 and gave the company an "outperform" rating in a research note on Tuesday, February 20th. CIBC upped their target price on Fairfax Financial from C$1,700.00 to C$2,000.00 in a research report on Wednesday, March 13th. National Bankshares lifted their price target on Fairfax Financial from C$2,000.00 to C$2,100.00 and gave the stock an "outperform" rating in a report on Tuesday. Royal Bank of Canada increased their price objective on Fairfax Financial from C$1,085.00 to C$1,200.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 20th. Finally, Scotiabank lifted their target price on Fairfax Financial from C$1,900.00 to C$2,000.00 in a report on Friday, April 26th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of C$1,791.67.
View Our Latest Stock Report on FFH
Fairfax Financial Stock Performance
Shares of TSE:FFH traded down C$4.36 on Thursday, hitting C$1,523.98. The company had a trading volume of 19,976 shares, compared to its average volume of 78,854. The stock has a market cap of C$33.74 billion, a price-to-earnings ratio of 6.50, a P/E/G ratio of 0.27 and a beta of 0.86. The stock has a 50 day moving average price of C$1,483.93 and a 200 day moving average price of C$1,330.48. Fairfax Financial has a 1-year low of C$910.44 and a 1-year high of C$1,563.49. The company has a current ratio of 6.07, a quick ratio of 0.93 and a debt-to-equity ratio of 38.98.
Insider Buying and Selling
In related news, insider Andrew Barnard sold 2,572 shares of the firm's stock in a transaction on Friday, March 15th. The stock was sold at an average price of C$1,120.68, for a total value of C$2,882,388.96. In other Fairfax Financial news, insider Andrew Barnard sold 2,572 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$1,120.68, for a total transaction of C$2,882,388.96. Also, Director Brian Johnston Porter bought 100 shares of the firm's stock in a transaction on Thursday, March 14th. The stock was purchased at an average cost of C$1,509.40 per share, for a total transaction of C$150,940.00. Following the completion of the acquisition, the director now owns 950 shares in the company, valued at C$1,433,930. Over the last 90 days, insiders have purchased 190 shares of company stock valued at $273,877 and have sold 4,572 shares valued at $5,835,859. 3.63% of the stock is currently owned by company insiders.
About Fairfax Financial
(
Get Free Report)
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.
Featured Stories
Before you consider Fairfax Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fairfax Financial wasn't on the list.
While Fairfax Financial currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
