Research Analysts Offer Predictions for Fairfax Financial Holdings Limited’s Q2 2024 Earnings (TSE:FFH)

Fairfax Financial Holdings Limited (TSE:FFH) – National Bank Financial lowered their Q2 2024 EPS estimates for shares of Fairfax Financial in a research note issued on Sunday, May 5th. National Bank Financial analyst J. Gloyn now expects that the company will earn $46.06 per share for the quarter, down from their prior estimate of $61.52. The consensus estimate for Fairfax Financial’s current full-year earnings is $193.64 per share. National Bank Financial also issued estimates for Fairfax Financial’s Q3 2024 earnings at $59.49 EPS, FY2024 earnings at $200.93 EPS and FY2025 earnings at $210.43 EPS.

Fairfax Financial (TSE:FFH) last issued its earnings results on Thursday, February 15th. The company reported C$71.98 earnings per share (EPS) for the quarter, missing the consensus estimate of C$81.40 by C($9.42). Fairfax Financial had a net margin of 12.26% and a return on equity of 17.26%. The company had revenue of C$9.40 billion during the quarter, compared to analysts’ expectations of C$10.25 billion.

Several other analysts have also recently weighed in on the stock. Cormark raised their price target on shares of Fairfax Financial from C$1,600.00 to C$1,800.00 in a report on Thursday, April 18th. BMO Capital Markets raised their target price on Fairfax Financial from C$1,650.00 to C$1,800.00 in a research note on Monday. CIBC upped their price target on Fairfax Financial from C$1,700.00 to C$2,000.00 in a research note on Wednesday, March 13th. National Bankshares boosted their price objective on shares of Fairfax Financial from C$2,000.00 to C$2,100.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. Finally, Scotiabank lowered their target price on shares of Fairfax Financial from C$2,000.00 to C$1,950.00 and set an “outperform” rating for the company in a research note on Monday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Fairfax Financial currently has an average rating of “Buy” and an average target price of C$1,820.83.

Fairfax Financial Trading Down 0.6 %

Shares of FFH opened at C$1,552.23 on Wednesday. The company has a current ratio of 3.87, a quick ratio of 0.93 and a debt-to-equity ratio of 37.45. The firm has a 50-day moving average price of C$1,492.10 and a 200 day moving average price of C$1,342.76. Fairfax Financial has a 12-month low of C$911.02 and a 12-month high of C$1,563.67. The firm has a market capitalization of C$34.27 billion, a P/E ratio of 7.31, a P/E/G ratio of 0.27 and a beta of 0.86.

Insider Activity at Fairfax Financial

In other Fairfax Financial news, insider Andrew Barnard sold 2,572 shares of the business’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 transaction of C$2,882,388.96. In related news, Director Brian Johnston Porter purchased 100 shares of Fairfax Financial stock in a transaction on Thursday, March 14th. The shares were bought at an average price of C$1,509.40 per share, with a total value of C$150,940.00. Following the transaction, the director now directly owns 950 shares of the company’s stock, valued at C$1,433,930. Also, insider Andrew Barnard sold 2,572 shares of the business’s stock in a transaction dated 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 the last three months, insiders bought 190 shares of company stock worth $273,877 and sold 5,011 shares worth $6,334,563. 3.65% of the stock is currently owned by company insiders.

About Fairfax Financial

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.