Fairfax Financial (OTCMKTS:FRFHF) Posts Earnings Results, Beats Estimates By $11.04 EPS

Fairfax Financial (OTCMKTS:FRFHF) issued its earnings results on Thursday. The financial services provider reported $52.04 EPS for the quarter, beating the consensus estimate of $41.00 by $11.04, Zacks reports. Fairfax Financial had a return on equity of 16.39% and a net margin of 14.68%.The company had revenue of $8.26 billion during the quarter, compared to the consensus estimate of $8.57 billion.

Fairfax Financial Stock Down 0.1%

OTCMKTS FRFHF traded down $0.81 on Friday, reaching $1,567.00. The company had a trading volume of 16,359 shares, compared to its average volume of 4,942. The company has a quick ratio of 4.20, a current ratio of 4.20 and a debt-to-equity ratio of 0.45. The company’s fifty day moving average is $1,707.99 and its 200 day moving average is $1,704.37. Fairfax Financial has a 52-week low of $1,292.50 and a 52-week high of $1,833.48. The stock has a market capitalization of $35.01 billion, a P/E ratio of 7.94 and a beta of 0.76.

Wall Street Analysts Forecast Growth

FRFHF has been the topic of several recent research reports. Raymond James Financial reiterated an “outperform” rating on shares of Fairfax Financial in a report on Thursday, October 16th. Scotiabank reaffirmed an “outperform” rating on shares of Fairfax Financial in a research report on Wednesday, October 22nd. National Bankshares reissued an “outperform” rating on shares of Fairfax Financial in a research report on Monday, October 27th. Wall Street Zen upgraded shares of Fairfax Financial from a “hold” rating to a “buy” rating in a research note on Sunday, August 31st. Finally, Cormark lowered shares of Fairfax Financial from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, August 6th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Fairfax Financial has a consensus rating of “Moderate Buy”.

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.