FY2024 EPS Estimates for Fairfax Financial Holdings Limited (TSE:FFH) Cut by Cormark

Fairfax Financial Holdings Limited (TSE:FFH) – Cormark decreased their FY2024 earnings per share estimates for Fairfax Financial in a report released on Monday, May 6th. Cormark analyst J. Fenwick now forecasts that the company will post earnings of $181.76 per share for the year, down from their prior forecast of $194.75. The consensus estimate for Fairfax Financial’s current full-year earnings is $193.64 per share. Cormark also issued estimates for Fairfax Financial’s FY2025 earnings at $207.73 EPS.

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

Other equities analysts have also issued reports about the company. National Bankshares boosted their price target on Fairfax Financial from C$2,000.00 to C$2,100.00 and gave the company an “outperform” rating in a research note on Tuesday, April 30th. BMO Capital Markets lifted their price objective on Fairfax Financial from C$1,650.00 to C$1,800.00 in a report on Monday. Scotiabank cut their target price on 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. CIBC raised their target price on Fairfax Financial from C$1,700.00 to C$2,000.00 in a research report on Wednesday, March 13th. Finally, Royal Bank of Canada boosted their price target on shares of Fairfax Financial from C$1,200.00 to C$1,275.00 and gave the company an “outperform” rating in a report on Monday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$1,820.83.

Fairfax Financial Stock Performance

TSE:FFH opened at C$1,562.45 on Thursday. The company has a debt-to-equity ratio of 37.45, a quick ratio of 0.93 and a current ratio of 3.87. The firm’s 50-day moving average is C$1,496.69 and its 200-day moving average is C$1,345.74. Fairfax Financial has a 52-week low of C$915.03 and a 52-week high of C$1,575.31. The company has a market cap of C$34.50 billion, a price-to-earnings ratio of 7.36, a PEG ratio of 0.27 and a beta of 0.86.

Insider Transactions at Fairfax Financial

In related news, insider Andrew Barnard sold 2,572 shares of the business’s 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 Fairfax Financial news, Director F. Brian Bradstreet sold 1,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of C$1,468.47, for a total transaction of C$1,468,470.00. Also, insider Andrew Barnard sold 2,572 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$1,120.68, for a total transaction of C$2,882,388.96. In the last ninety days, insiders purchased 190 shares of company stock valued at $273,877 and sold 5,011 shares valued at $6,334,563. 3.65% of the stock is currently owned by 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.