Fairfax Financial (TSE:FFH) Issues Quarterly Earnings Results

Fairfax Financial (TSE:FFH) issued its earnings results on Thursday. The company reported C$90.05 earnings per share (EPS) for the quarter, FiscalAI reports. Fairfax Financial had a return on equity of 17.32% and a net margin of 15.41%.The company had revenue of C$18.46 billion during the quarter.

Fairfax Financial Stock Down 0.6%

Shares of TSE:FFH opened at C$2,347.56 on Friday. The company has a market capitalization of C$48.42 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 0.27 and a beta of 0.31. Fairfax Financial has a 12-month low of C$2,066.16 and a 12-month high of C$2,700.00. The business has a 50-day moving average price of C$2,296.78 and a 200 day moving average price of C$2,323.11. The company has a current ratio of 2.65, a quick ratio of 0.93 and a debt-to-equity ratio of 54.00.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FFH. BMO Capital Markets lowered their price target on shares of Fairfax Financial from C$2,550.00 to C$2,400.00 in a research report on Monday, May 4th. National Bank Financial lifted their target price on shares of Fairfax Financial from C$3,300.00 to C$3,450.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Canadian Imperial Bank of Commerce set a C$2,350.00 target price on shares of Fairfax Financial and gave the company a “neutral” rating in a report on Friday, June 26th. Royal Bank Of Canada increased their price target on shares of Fairfax Financial from C$2,234.00 to C$2,261.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Finally, Raymond James Financial raised their price target on shares of Fairfax Financial from C$3,000.00 to C$3,050.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Fairfax Financial has a consensus rating of “Moderate Buy” and an average target price of C$2,751.57.

Fairfax Financial Company Profile

Fairfax Financial is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management.