Cormark Equities Analysts Lower Earnings Estimates for Fairfax Financial Holdings Limited (TSE:FFH)

Fairfax Financial Holdings Limited (TSE:FFH - Free Report) - Stock analysts at Cormark dropped their FY2024 earnings per share (EPS) estimates for Fairfax Financial in a research report issued to clients and investors on Monday, May 6th. Cormark analyst J. Fenwick now forecasts that the company will earn $181.76 per share for the year, down from their prior forecast of $194.75. The consensus estimate for Fairfax Financial's current full-year earnings is $193.64 per share. Cormark also issued estimates for Fairfax Financial's FY2025 earnings at $207.73 EPS.

Fairfax Financial (TSE:FFH - Get Free Report) last posted its quarterly earnings data on Thursday, February 15th. The company reported C$71.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$81.40 by C($9.42). Fairfax Financial had a return on equity of 17.26% and a net margin of 12.26%. The firm had revenue of C$9.40 billion during the quarter, compared to the consensus estimate of C$10.25 billion.

A number of other equities research analysts have also recently commented on FFH. National Bankshares increased their target price on Fairfax Financial from C$2,000.00 to C$2,100.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 30th. Scotiabank dropped their price objective on Fairfax Financial from C$2,000.00 to C$1,950.00 and set an "outperform" rating on the stock in a research report on Monday. Royal Bank of Canada increased their price objective on Fairfax Financial from C$1,200.00 to C$1,275.00 and gave the company an "outperform" rating in a research report on Monday. BMO Capital Markets increased their price objective on Fairfax Financial from C$1,650.00 to C$1,800.00 in a research report on Monday. Finally, CIBC increased their price objective on Fairfax Financial from C$1,700.00 to C$2,000.00 in a research report on Wednesday, March 13th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Fairfax Financial has a consensus rating of "Buy" and an average target price of C$1,820.83.

Fairfax Financial Stock Up 0.7 %

Shares of TSE FFH traded up C$10.22 during trading on Thursday, reaching C$1,562.45. The company had a trading volume of 37,219 shares, compared to its average volume of 76,867. Fairfax Financial has a 12-month low of C$915.03 and a 12-month high of C$1,575.31. The stock has a market cap of C$34.50 billion, a PE ratio of 7.36, a P/E/G ratio of 0.27 and a beta of 0.86. The business's 50-day moving average is C$1,496.69 and its 200 day moving average is C$1,345.74. The company has a quick ratio of 0.93, a current ratio of 3.87 and a debt-to-equity ratio of 37.45.

Insider Transactions at Fairfax Financial

In other news, insider Andrew Barnard sold 2,572 shares of the firm's stock in a transaction dated 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 related news, insider Andrew Barnard sold 2,572 shares of Fairfax Financial stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$1,120.68, for a total transaction of C$2,882,388.96. Also, Director Christine N. Mclean bought 80 shares of the firm's stock in a transaction that occurred on Wednesday, February 21st. The shares were acquired at an average cost of C$1,349.98 per share, for a total transaction of C$107,998.40. Following the purchase, the director now directly owns 589 shares in the company, valued at approximately C$795,138.22. Over the last quarter, insiders have purchased 190 shares of company stock valued at $273,877 and have sold 5,011 shares valued at $6,334,563. Corporate insiders own 3.65% of the company's stock.

About Fairfax Financial

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.