Fairfax Financial Holdings Limited Expected to Earn Q3 2023 Earnings of $25.87 Per Share (TSE:FFH)

Fairfax Financial Holdings Limited (TSE:FFH) – Equities researchers at Cormark issued their Q3 2023 earnings per share estimates for shares of Fairfax Financial in a note issued to investors on Monday, October 30th. Cormark analyst J. Fenwick expects that the company will post earnings of $25.87 per share for the quarter. The consensus estimate for Fairfax Financial’s current full-year earnings is $177.86 per share. Cormark also issued estimates for Fairfax Financial’s Q4 2023 earnings at $52.44 EPS.

Fairfax Financial (TSE:FFH) last announced its earnings results on Thursday, August 3rd. The company reported C$38.68 earnings per share for the quarter, missing the consensus estimate of C$41.60 by C($2.92). Fairfax Financial had a return on equity of 12.49% and a net margin of 8.39%. The business had revenue of C$8.94 billion for the quarter.

FFH has been the subject of a number of other research reports. Scotiabank lifted their price target on Fairfax Financial from C$1,350.00 to C$1,500.00 and gave the stock an “outperform” rating in a research report on Monday, July 24th. CIBC boosted their price objective on Fairfax Financial from C$1,400.00 to C$1,500.00 and gave the company an “outperform” rating in a report on Thursday, October 26th. Royal Bank of Canada boosted their price objective on Fairfax Financial from C$875.00 to C$980.00 and gave the company an “outperform” rating in a report on Tuesday, August 8th. Finally, National Bankshares boosted their price objective on Fairfax Financial from C$1,700.00 to C$1,800.00 and gave the company an “outperform” rating in a report on Wednesday. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$1,400.83.

Fairfax Financial Stock Performance

Shares of FFH opened at C$1,160.69 on Wednesday. The stock has a 50-day moving average of C$1,131.58 and a two-hundred day moving average of C$1,042.91. Fairfax Financial has a one year low of C$657.62 and a one year high of C$1,175.56. The company has a debt-to-equity ratio of 35.80, a quick ratio of 0.93 and a current ratio of 3.66. The stock has a market cap of C$28.26 billion, a P/E ratio of 8.38, a P/E/G ratio of 0.27 and a beta of 0.87.

Insider Activity at Fairfax Financial

In related news, insider Andrew Barnard sold 100 shares of Fairfax Financial stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of C$842.00, for a total value of C$84,200.00. 3.61% 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.