Fairfax Financial Holdings Limited (TSE:FFH) to Post Q1 2024 Earnings of $57.07 Per Share, Cormark Forecasts

Fairfax Financial Holdings Limited (TSE:FFH) – Analysts at Cormark issued their Q1 2024 EPS estimates for shares of Fairfax Financial in a research report issued on Thursday, April 18th. Cormark analyst J. Fenwick forecasts that the company will post earnings per share of $57.07 for the quarter. The consensus estimate for Fairfax Financial’s current full-year earnings is $189.55 per share. Cormark also issued estimates for Fairfax Financial’s Q2 2024 earnings at $49.24 EPS, Q3 2024 earnings at $41.65 EPS, Q4 2024 earnings at $43.83 EPS and FY2024 earnings at $194.75 EPS.

Other analysts have also issued reports about the stock. Scotiabank boosted their price target on shares of Fairfax Financial from C$1,650.00 to C$1,900.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Royal Bank of Canada upped their price target on Fairfax Financial from C$1,085.00 to C$1,200.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. National Bankshares increased their price objective on Fairfax Financial from C$1,800.00 to C$2,000.00 and gave the company an “outperform” rating in a report on Friday, January 26th. BMO Capital Markets increased their price objective on Fairfax Financial from C$1,550.00 to C$1,650.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. Finally, CIBC increased their price target on Fairfax Financial from C$1,700.00 to C$2,000.00 in a report on Wednesday, March 13th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Fairfax Financial currently has an average rating of “Buy” and a consensus target price of C$1,758.33.

Fairfax Financial Price Performance

TSE:FFH opened at C$1,513.79 on Monday. The company has a debt-to-equity ratio of 38.98, a current ratio of 6.07 and a quick ratio of 0.93. The firm has a market cap of C$33.52 billion, a price-to-earnings ratio of 6.46, a price-to-earnings-growth ratio of 0.27 and a beta of 0.86. The company has a 50 day moving average price of C$1,459.01 and a 200-day moving average price of C$1,310.94. Fairfax Financial has a 1-year low of C$904.60 and a 1-year high of C$1,563.49.

Fairfax Financial (TSE:FFH) last posted its quarterly earnings results on Thursday, February 15th. The company reported C$71.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$81.40 by C($9.42). The business had revenue of C$9.40 billion for the quarter, compared to analysts’ expectations of C$10.25 billion. Fairfax Financial had a return on equity of 20.09% and a net margin of 13.76%.

Insider Transactions at Fairfax Financial

In other news, insider Andrew Barnard sold 2,572 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of C$1,120.68, for a total value of C$2,882,388.96. In other news, Director Brian Johnston Porter bought 100 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was acquired at an average price of C$1,509.40 per share, with a total value of C$150,940.00. Following the completion of the purchase, the director now directly owns 950 shares of the company’s stock, valued at approximately C$1,433,930. Also, insider Andrew Barnard sold 2,572 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$1,120.68, for a total value of C$2,882,388.96. Over the last quarter, insiders acquired 190 shares of company stock valued at $273,877 and sold 4,572 shares valued at $5,835,859. Company insiders own 3.63% 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.