First American Financial (FAF) Scheduled to Post Quarterly Earnings on Wednesday

First American Financial (NYSE:FAF) will be issuing its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.84 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

First American Financial (NYSE:FAF) last announced its quarterly earnings data on Thursday, February 8th. The insurance provider reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.06). First American Financial had a return on equity of 8.27% and a net margin of 3.61%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the business posted $1.35 earnings per share. The company’s revenue was down 15.2% compared to the same quarter last year. On average, analysts expect First American Financial to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

First American Financial Price Performance

Shares of FAF opened at $57.09 on Tuesday. The business’s 50-day moving average is $57.73 and its 200-day moving average is $58.27. The company has a market capitalization of $5.91 billion, a price-to-earnings ratio of 27.45 and a beta of 1.28. First American Financial has a fifty-two week low of $49.55 and a fifty-two week high of $65.54.

First American Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 8th were given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date was Thursday, March 7th. First American Financial’s payout ratio is presently 101.92%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FAF. Keefe, Bruyette & Woods raised shares of First American Financial from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $66.00 to $69.00 in a research note on Thursday, March 21st. Deutsche Bank Aktiengesellschaft began coverage on First American Financial in a research note on Wednesday, January 10th. They set a “buy” rating for the company. Stephens reissued an “overweight” rating and issued a $73.00 price target on shares of First American Financial in a research note on Thursday, February 8th. Finally, TheStreet lowered shares of First American Financial from a “b-” rating to a “c+” rating in a research report on Tuesday, March 12th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $68.00.

About First American Financial

First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Home Warranty segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services internationally.