Fairfax Financial Holdings Limited to Post Q4 2024 Earnings of $53.25 Per Share, National Bank Financial Forecasts (TSE:FFH)

Fairfax Financial Holdings Limited (TSE:FFH) – Investment analysts at National Bank Financial upped their Q4 2024 earnings per share estimates for Fairfax Financial in a research report issued on Monday, April 29th. National Bank Financial analyst J. Gloyn now expects that the company will post earnings of $53.25 per share for the quarter, up from their previous estimate of $52.70. The consensus estimate for Fairfax Financial’s current full-year earnings is $189.55 per share.

Fairfax Financial (TSE:FFH) last released its quarterly earnings data on Thursday, February 15th. The company reported C$71.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$81.40 by C($9.42). The company had revenue of C$9.40 billion for the quarter, compared to analyst estimates of C$10.25 billion. Fairfax Financial had a return on equity of 20.09% and a net margin of 13.76%.

Several other equities research analysts also recently weighed in on the company. Scotiabank raised their price objective on Fairfax Financial from C$1,900.00 to C$2,000.00 in a report on Friday, April 26th. BMO Capital Markets boosted their price target on Fairfax Financial from C$1,550.00 to C$1,650.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. CIBC upped their price objective on Fairfax Financial from C$1,700.00 to C$2,000.00 in a research note on Wednesday, March 13th. Royal Bank of Canada lifted their target price on shares of Fairfax Financial from C$1,085.00 to C$1,200.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. Finally, National Bankshares boosted their target price on shares of Fairfax Financial from C$2,000.00 to C$2,100.00 and gave the stock an “outperform” rating in a report on Tuesday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$1,791.67.

Fairfax Financial Stock Performance

TSE FFH opened at C$1,528.34 on Wednesday. The firm’s fifty day moving average price is C$1,480.85 and its two-hundred day moving average price is C$1,329.13. The stock has a market cap of C$33.84 billion, a PE ratio of 6.52, a PEG ratio of 0.27 and a beta of 0.86. The company has a debt-to-equity ratio of 38.98, a quick ratio of 0.93 and a current ratio of 6.07. Fairfax Financial has a fifty-two week low of C$910.44 and a fifty-two week high of C$1,563.49.

Insider Transactions at Fairfax Financial

In related news, Director F. Brian Bradstreet sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of C$1,468.47, for a total value of C$1,468,470.00. In other Fairfax Financial news, Director Christine N. Mclean purchased 80 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was purchased at an average cost of C$1,349.98 per share, for a total transaction of C$107,998.40. Following the acquisition, the director now owns 589 shares in the company, valued at approximately C$795,138.22. Also, Director F. Brian Bradstreet sold 1,000 shares of Fairfax Financial stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of C$1,468.47, for a total value of C$1,468,470.00. Over the last ninety days, insiders purchased 190 shares of company stock worth $273,877 and sold 4,572 shares worth $5,835,859. 3.63% of the stock is 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.