Fairfax Financial (FRFHF) Set to Release Quarterly Earnings on Thursday

Key Points

• Fairfax Financial is expected to report quarterly results after the market closes Thursday, with analysts forecasting earnings of $31.38 per share and revenue of $8.42 billion.
• The stock opened at $1,768.83, up 0.8%, and has a market capitalization of approximately $36.79 billion. Its shares remain below the 52-week high of $1,949.
• Analyst sentiment is mixed: Fairfax has a consensus rating of “Hold”, with one Buy, two Hold, and one Sell rating; Zacks recently downgraded the stock to “Strong Sell.”

Fairfax Financial (OTCMKTS:FRFHF - Get Free Report) will likely be announcing its results after the market closes on Thursday, November 5th. Analysts expect the company to post earnings of $31.38 per share and revenue of $8.42 billion for the quarter.

Fairfax Financial Stock Up 0.8%

Shares of OTCMKTS:FRFHF opened at $1,768.83 on Thursday. The company has a market capitalization of $36.79 billion, a price-to-earnings ratio of 8.67 and a beta of 0.45. The company has a 50 day moving average of $1,635.43 and a two-hundred day moving average of $1,669.48. Fairfax Financial has a 52-week low of $1,500.00 and a 52-week high of $1,949.00. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.46.

Analysts Set New Price Targets

FRFHF has been the subject of a number of recent analyst reports. Zacks Research lowered Fairfax Financial from a "hold" rating to a "strong sell" rating in a research note on Monday, October 5th. Scotiabank reaffirmed an "outperform" rating on shares of Fairfax Financial in a research report on Friday, July 24th. Finally, BMO Capital Markets reaffirmed a "market perform" rating on shares of Fairfax Financial in a research report on Friday, October 16th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Fairfax Financial currently has a consensus rating of "Hold".

Fairfax Financial Company Profile

Fairfax Financial Holdings Limited is a Toronto-based holding company engaged primarily in property and casualty insurance and reinsurance. Through its operating subsidiaries, the company provides commercial and personal insurance products, specialty coverage, and reinsurance solutions to businesses, institutions, and individuals.

Fairfax's insurance operations include companies such as Odyssey Group, Allied World, Brit, Northbridge Insurance, Crum & Forster, and Zenith. Its businesses serve customers across Canada, the United States, Europe, and other international markets.

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