First American Financial (NYSE:FAF) Issues Earnings Results, Beats Expectations By $0.14 EPS

First American Financial (NYSE:FAF) announced its quarterly earnings data on Wednesday. The insurance provider reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.14, Briefing.com reports. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.62 billion. First American Financial had a return on equity of 8.17% and a net margin of 3.64%. The company’s revenue was down 2.1% on a year-over-year basis. During the same period last year, the company earned $1.35 earnings per share.

First American Financial Trading Up 0.9 %

Shares of NYSE:FAF traded up $0.51 during trading on Thursday, hitting $57.72. 595,955 shares of the company’s stock traded hands, compared to its average volume of 637,153. First American Financial has a 52 week low of $49.55 and a 52 week high of $65.54. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 27.37 and a beta of 1.28. The company has a 50-day moving average price of $54.86 and a 200-day moving average price of $56.95.

First American Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.67%. The ex-dividend date was Monday, June 10th. First American Financial’s dividend payout ratio (DPR) is presently 101.44%.

Analyst Ratings Changes

Several research firms have recently issued reports on FAF. Stephens restated an “overweight” rating and set a $72.00 target price on shares of First American Financial in a research report on Thursday, April 25th. Barclays decreased their target price on First American Financial from $65.00 to $61.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 9th. Finally, Keefe, Bruyette & Woods decreased their target price on First American Financial from $67.00 to $63.00 and set an “outperform” rating for the company in a research report on Tuesday, July 2nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $68.25.

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.