TSE:FFH Q3 EPS Estimate Increased by National Bank Financial

Fairfax Financial Holdings Limited (TSE:FFH) – Research analysts at National Bank Financial increased their Q3 2024 EPS estimates for Fairfax Financial in a report released on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now expects that the company will post earnings of $47.00 per share for the quarter, up from their previous estimate of $42.45. The consensus estimate for Fairfax Financial’s current full-year earnings is $212.30 per share. National Bank Financial also issued estimates for Fairfax Financial’s Q4 2024 earnings at $67.97 EPS, FY2024 earnings at $208.81 EPS and FY2025 earnings at $216.59 EPS.

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

Several other equities research analysts have also weighed in on FFH. Scotiabank boosted their price objective on Fairfax Financial from C$1,950.00 to C$2,000.00 in a research note on Wednesday, July 24th. National Bankshares boosted their price target on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Royal Bank of Canada upped their price target on shares of Fairfax Financial from C$1,325.00 to C$1,425.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd.

Fairfax Financial Stock Performance

Shares of FFH opened at C$1,730.25 on Friday. Fairfax Financial has a 1 year low of C$1,138.41 and a 1 year high of C$1,771.00. The company has a debt-to-equity ratio of 40.13, a current ratio of 3.75 and a quick ratio of 0.93. The stock’s fifty day moving average price is C$1,675.30 and its two-hundred day moving average price is C$1,585.26. The firm has a market cap of C$40.33 billion, a PE ratio of 7.70, a PEG ratio of 0.27 and a beta of 0.83.

Insider Activity

In other Fairfax Financial news, Director Brian David Young sold 4,280 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of C$1,617.96, for a total value of C$6,924,875.22. In other news, Senior Officer Olivier Elie Quesnel sold 173 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of C$1,566.13, for a total transaction of C$270,940.49. Following the completion of the transaction, the insider now owns 202 shares of the company’s stock, valued at approximately C$316,358.26. The trade was a 0.00 % decrease in their ownership of the stock. Also, Director Brian David Young sold 4,280 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of C$1,617.96, for a total transaction of C$6,924,875.22. Insiders have sold a total of 6,953 shares of company stock worth $11,304,176 over the last ninety days. Company insiders own 3.76% of the company’s stock.

Fairfax Financial Company Profile

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.