Q2 2023 Earnings Estimate for Fairfax Financial Holdings Limited (TSE:FFH) Issued By National Bank Financial

Fairfax Financial Holdings Limited (TSE:FFH – Get Rating) – Research analysts at National Bank Financial raised their Q2 2023 earnings per share (EPS) estimates for shares of Fairfax Financial in a report issued on Monday, May 22nd. National Bank Financial analyst J. Gloyn now expects that the company will earn $53.20 per share for the quarter, up from their previous forecast of $48.76. The consensus estimate for Fairfax Financial’s current full-year earnings is $171.59 per share. National Bank Financial also issued estimates for Fairfax Financial’s Q3 2023 earnings at $51.44 EPS, Q4 2023 earnings at $54.86 EPS, FY2023 earnings at $225.66 EPS, Q1 2024 earnings at $41.78 EPS and FY2024 earnings at $169.62 EPS.

Several other research analysts also recently commented on FFH. Cormark increased their price objective on shares of Fairfax Financial from C$1,000.00 to C$1,150.00 in a report on Tuesday, February 21st. CIBC increased their price objective on shares of Fairfax Financial from C$1,050.00 to C$1,200.00 and gave the company an “outperform” rating in a report on Tuesday, March 14th. Scotiabank increased their price objective on shares of Fairfax Financial from C$1,100.00 to C$1,350.00 in a report on Friday, April 28th. Royal Bank of Canada increased their price target on shares of Fairfax Financial from C$775.00 to C$875.00 and gave the company an “outperform” rating in a report on Tuesday, May 16th. Finally, National Bankshares increased their price target on shares of Fairfax Financial from C$1,300.00 to C$1,350.00 in a report on Tuesday, May 2nd.

Fairfax Financial Stock Down 1.7 %

FFH opened at C$956.82 on Thursday. The firm has a 50-day simple moving average of C$917.07 and a two-hundred day simple moving average of C$860.00. Fairfax Financial has a 52 week low of C$612.00 and a 52 week high of C$984.88. The company has a market capitalization of C$22.23 billion, a PE ratio of 10.12 and a beta of 0.94. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 47.79.

Fairfax Financial (TSE:FFH – Get Rating) last issued its quarterly earnings results on Thursday, May 11th. The company reported C$66.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$57.39 by C$9.39. The business had revenue of C$8.49 billion during the quarter, compared to analysts’ expectations of C$11.08 billion.

Insiders Place Their Bets

In other Fairfax Financial news, Director F. Brian Bradstreet sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of C$943.86, for a total value of C$943,857.50. 3.59% of the stock is owned by insiders.

Fairfax Financial Company Profile

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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 Insurance and Reinsurance, Run-off, and Non-Insurance Companies segments.