Fairfax Financial (FFH) Scheduled to Post Quarterly Earnings on Thursday

Fairfax Financial (TSE:FFH) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, October 31st. Analysts expect Fairfax Financial to post earnings of C$42.45 per share for the quarter.

Fairfax Financial (TSE:FFH) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$50.87 earnings per share for the quarter, missing the consensus estimate of C$51.23 by C($0.36). The company had revenue of C$10.25 billion during the quarter. Fairfax Financial had a net margin of 12.27% and a return on equity of 17.91%.

Fairfax Financial Stock Performance

TSE FFH opened at C$1,749.99 on Tuesday. Fairfax Financial has a 52-week low of C$1,116.01 and a 52-week high of C$1,769.21. The stock has a market cap of C$40.79 billion, a PE ratio of 7.79, a P/E/G ratio of 0.27 and a beta of 0.83. The firm has a 50-day moving average of C$1,662.66 and a 200-day moving average of C$1,579.86. The company has a debt-to-equity ratio of 40.13, a quick ratio of 0.93 and a current ratio of 3.75.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on FFH shares. Royal Bank of Canada boosted their price objective on Fairfax Financial from C$1,325.00 to C$1,425.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Scotiabank boosted their price target on Fairfax Financial from C$1,950.00 to C$2,000.00 in a research note on Wednesday, July 24th.

Insiders Place Their Bets

In related news, Senior Officer Olivier Elie Quesnel sold 173 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of C$1,566.13, for a total value of C$270,940.49. Following the completion of the sale, the insider now directly owns 202 shares in the company, valued at approximately C$316,358.26. The trade was a 0.00 % decrease in their ownership of the stock. In related news, Senior Officer Olivier Elie Quesnel sold 173 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$1,566.13, for a total value of C$270,940.49. Following the transaction, the insider now owns 202 shares in the company, valued at approximately C$316,358.26. This trade represents a 0.00 % decrease in their ownership of the stock. Also, Senior Officer Peter Clarke sold 2,000 shares of the business’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of C$1,646.93, for a total value of C$3,293,860.00. Following the completion of the transaction, the insider now directly owns 632 shares of the company’s stock, valued at approximately C$1,040,859.76. This trade represents a 0.00 % decrease in their position. Insiders have sold a total of 6,953 shares of company stock worth $11,304,176 in the last quarter. Corporate insiders own 3.76% 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.