First National Financial (FN) Set to Announce Quarterly Earnings on Tuesday

First National Financial (TSE:FN) will issue its quarterly earnings data after the market closes on Tuesday, April 30th.

First National Financial (TSE:FN) last announced its quarterly earnings results on Tuesday, March 5th. The company reported C$0.72 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.22 by C$0.50. First National Financial had a net margin of 33.65% and a return on equity of 35.19%. The business had revenue of C$199.30 million during the quarter, compared to analysts’ expectations of C$164.10 million.

First National Financial Price Performance

Shares of FN opened at C$38.13 on Friday. First National Financial has a 1-year low of C$32.86 and a 1-year high of C$41.80. The stock has a market cap of C$2.29 billion, a PE ratio of 9.19, a P/E/G ratio of 0.70 and a beta of 1.10. The firm has a 50-day simple moving average of C$37.99 and a two-hundred day simple moving average of C$37.98. The company has a debt-to-equity ratio of 6,070.47, a current ratio of 10.29 and a quick ratio of 10.11.

First National Financial Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a $0.2042 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.45 dividend on an annualized basis and a yield of 6.43%. This is an increase from First National Financial’s previous monthly dividend of $0.20. First National Financial’s payout ratio is currently 58.31%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of First National Financial from C$42.00 to C$43.00 in a research note on Thursday, January 4th. BMO Capital Markets dropped their target price on shares of First National Financial from C$44.00 to C$41.00 and set a “market perform” rating for the company in a research report on Thursday, March 7th. TD Securities increased their price objective on shares of First National Financial from C$41.00 to C$44.00 and gave the company a “hold” rating in a research report on Thursday, March 7th. Finally, Scotiabank increased their target price on First National Financial from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 31st. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$41.83.

About First National Financial

First National Financial Corporation, together with its subsidiaries, originates, underwrites, and services commercial and residential mortgages in Canada. It operates in two segments, Residential and Commercial segments. The company offers single-family and multi-unit residential, and commercial mortgages.