First American Financial (NYSE:FAF – Get Free Report) released its earnings results on Wednesday. The insurance provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.16 by $0.18, Briefing.com reports. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.66 billion. First American Financial had a return on equity of 7.98% and a net margin of 3.28%. The business’s revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.22 EPS.
First American Financial Stock Performance
First American Financial stock opened at $63.82 on Thursday. First American Financial has a one year low of $49.55 and a one year high of $67.88. The company has a 50-day simple moving average of $64.65 and a 200-day simple moving average of $59.02. The firm has a market capitalization of $6.62 billion, a P/E ratio of 30.54 and a beta of 1.29.
First American Financial Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 20th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.38%. This is a boost from First American Financial’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, September 20th. First American Financial’s dividend payout ratio (DPR) is presently 103.35%.
Analysts Set New Price Targets
View Our Latest Analysis on First American Financial
First American Financial Company Profile
First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Home Warranty segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services internationally.
Featured Articles
- Five stocks we like better than First American Financial
- What to Know About Investing in Penny Stocks
- NextEra Energy’s Strong Quarter Catches Wall Street’s Eye
- Insider Trades May Not Tell You What You Think
- Goldman’s Lost Decade Forecast: These 3 Growth Stocks Can Win
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- WD-40 Company Gears Up for a Double-Digit Stock Advance
Receive News & Ratings for First American Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First American Financial and related companies with MarketBeat.com's FREE daily email newsletter.