Fairfax Financial (OTCMKTS:FRFHF) Releases Quarterly Earnings Results, Misses Estimates By $12.86 EPS

Fairfax Financial (OTCMKTS:FRFHF) issued its quarterly earnings data on Thursday. The financial services provider reported $31.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $43.97 by ($12.86), Zacks reports. Fairfax Financial had a net margin of 15.10% and a return on equity of 16.29%.

Fairfax Financial Price Performance

OTCMKTS FRFHF traded up $15.05 during trading hours on Thursday, reaching $1,727.26. The company’s stock had a trading volume of 2,851 shares, compared to its average volume of 9,455. The firm has a market capitalization of $37.15 billion, a price-to-earnings ratio of 8.07 and a beta of 0.58. Fairfax Financial has a 1-year low of $1,528.10 and a 1-year high of $1,949.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.78 and a quick ratio of 3.78. The company’s 50-day moving average is $1,717.84 and its two-hundred day moving average is $1,725.04.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FRFHF. BMO Capital Markets cut Fairfax Financial from an “outperform” rating to a “hold” rating in a report on Wednesday, January 21st. Zacks Research cut Fairfax Financial from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Finally, Scotiabank reissued an “outperform” rating on shares of Fairfax Financial in a report on Friday, January 30th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Fairfax Financial Company Profile

Fairfax Financial (OTCMKTS:FRFHF) is a Toronto-based financial holding company primarily engaged in property and casualty insurance, reinsurance and investment management. The company underwrites a broad range of commercial and personal insurance products, operates specialty and run-off reinsurance businesses, and manages a diversified investment portfolio largely funded by insurance float. Fairfax conducts its insurance operations through a network of subsidiaries and affiliated companies that provide local underwriting and claims services across multiple markets.

On the insurance side, Fairfax writes a mix of short-tail and long-tail coverages across specialty lines, commercial casualty, property and other niche markets, while its reinsurance activities include treaty and facultative solutions for cedants and intermediaries.