Q2 2024 Earnings Estimate for Fairfax Financial Holdings Limited (TSE:FFH) Issued By National Bank Financial

Fairfax Financial Holdings Limited (TSE:FFH) – Equities research analysts at National Bank Financial reduced their Q2 2024 earnings estimates for 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 previous 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.

FFH has been the topic of a number of other research reports. National Bankshares lifted their target price on 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. CIBC raised their price target on shares of Fairfax Financial from C$1,700.00 to C$2,000.00 in a report on Wednesday, March 13th. BMO Capital Markets lifted their price target on shares of Fairfax Financial from C$1,650.00 to C$1,800.00 in a research report on Monday. Cormark raised their target price on shares of Fairfax Financial from C$1,600.00 to C$1,800.00 in a research note on Thursday, April 18th. Finally, Royal Bank of Canada raised their price objective on Fairfax Financial from C$1,200.00 to C$1,275.00 and gave the company an “outperform” rating in a research report on Monday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$1,820.83.

Fairfax Financial Stock Up 0.7 %

Shares of FFH opened at C$1,562.45 on Wednesday. The firm has a market cap of C$34.50 billion, a PE ratio of 7.36, a price-to-earnings-growth ratio of 0.27 and a beta of 0.86. The company has a quick ratio of 0.93, a current ratio of 3.87 and a debt-to-equity ratio of 37.45. The company’s fifty day moving average is C$1,496.69 and its two-hundred day moving average is C$1,345.74. Fairfax Financial has a fifty-two week low of C$915.03 and a fifty-two week high of C$1,575.31.

Fairfax Financial (TSE:FFH) last posted its quarterly 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). Fairfax Financial had a net margin of 12.26% and a return on equity of 17.26%. The business had revenue of C$9.40 billion during the quarter, compared to analysts’ expectations of C$10.25 billion.

Insider Buying and Selling at Fairfax Financial

In related news, insider Andrew Barnard sold 2,572 shares of the company’s stock in a transaction on 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. In other Fairfax Financial news, Director F. Brian Bradstreet sold 1,000 shares of the business’s stock in a transaction on 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 dated 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 bought 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 corporate 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.