Fairfax Financial (FRFHF) Expected to Release Earnings on Thursday

Fairfax Financial (OTCMKTS:FRFHF) is projected to issue its results after the market closes on Thursday, July 30th. Analysts expect the company to post earnings of $86.80 per share and revenue of $9.3826 billion for the quarter.

Fairfax Financial (OTCMKTS:FRFHF) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $31.11 EPS for the quarter, missing the consensus estimate of $36.17 by ($5.06). Fairfax Financial had a net margin of 14.16% and a return on equity of 15.05%. The business had revenue of $7.82 billion during the quarter, compared to analyst estimates of $8.62 billion. On average, analysts expect Fairfax Financial to post $184 EPS for the current fiscal year and $177 EPS for the next fiscal year.

Fairfax Financial Stock Down 0.4%

Shares of FRFHF opened at $1,617.32 on Thursday. The firm has a market cap of $34.50 billion, a P/E ratio of 7.99 and a beta of 0.49. Fairfax Financial has a 12 month low of $1,500.00 and a 12 month high of $1,949.00. The stock’s 50 day moving average is $1,624.50 and its two-hundred day moving average is $1,688.11. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.46.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FRFHF. Canadian Imperial Bank of Commerce started coverage on Fairfax Financial in a research report on Friday, June 26th. They set a “neutral” rating on the stock. Zacks Research lowered shares of Fairfax Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

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.