FY2024 EPS Estimates for Fairfax Financial Cut by Cormark

Fairfax Financial Holdings Limited (TSE:FFH) – Investment analysts at Cormark reduced their FY2024 earnings estimates for Fairfax Financial in a research report issued to clients and investors on Monday, November 4th. Cormark analyst J. Fenwick now expects that the company will post earnings per share of $204.92 for the year, down from their prior estimate of $205.44. The consensus estimate for Fairfax Financial’s current full-year earnings is $212.30 per share. Cormark also issued estimates for Fairfax Financial’s FY2025 earnings at $234.01 EPS and FY2026 earnings at $268.91 EPS.

Several other research analysts also recently commented on the company. BMO Capital Markets raised their price objective on Fairfax Financial from C$1,850.00 to C$2,200.00 in a research note on Monday. Royal Bank of Canada boosted their price objective on 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. Scotiabank boosted their price objective on Fairfax Financial from C$2,100.00 to C$2,200.00 in a research note on Monday. Finally, National Bankshares boosted their price objective on Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th.

Fairfax Financial Trading Up 0.4 %

Shares of FFH stock opened at C$1,822.67 on Wednesday. The company has a market cap of C$42.49 billion, a price-to-earnings ratio of 8.12, a PEG ratio of 0.27 and a beta of 0.83. 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 firm has a fifty day moving average price of C$1,692.24 and a 200-day moving average price of C$1,592.49. Fairfax Financial has a 1 year low of C$1,171.70 and a 1 year high of C$1,890.36.

Insider Activity at Fairfax Financial

In other Fairfax Financial news, Director F. Brian Bradstreet sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of C$1,629.00, for a total value of C$814,500.00. In other Fairfax Financial news, Senior Officer Peter Clarke sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was 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 in the company, valued at C$1,040,859.76. This represents a 0.00 % decrease in their position. Also, Director F. Brian Bradstreet sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of C$1,629.00, for a total value of C$814,500.00. In the last ninety days, insiders sold 6,953 shares of company stock worth $11,304,176. 3.76% of the stock is owned by company insiders.

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.