Cormark Comments on Fairfax Financial Holdings Limited’s FY2024 Earnings (TSE:FFH)

Fairfax Financial Holdings Limited (TSE:FFH) – Analysts at Cormark dropped their FY2024 earnings per share estimates for shares of Fairfax Financial in a research note issued to investors on Monday, May 6th. Cormark analyst J. Fenwick now forecasts that the company will post earnings per share of $181.76 for the year, down from their prior estimate of $194.75. The consensus estimate for Fairfax Financial’s current full-year earnings is $193.64 per share. Cormark also issued estimates for Fairfax Financial’s FY2025 earnings at $207.73 EPS.

Several other equities research analysts also recently commented on FFH. CIBC raised their target price on Fairfax Financial from C$1,700.00 to C$2,000.00 in a report on Wednesday, March 13th. Royal Bank of Canada lifted their price objective on Fairfax Financial from C$1,200.00 to C$1,275.00 and gave the stock an “outperform” rating in a report on Monday. Scotiabank lowered their price target on Fairfax Financial from C$2,000.00 to C$1,950.00 and set an “outperform” rating for the company in a report on Monday. BMO Capital Markets boosted their price target on Fairfax Financial from C$1,650.00 to C$1,800.00 in a report on Monday. Finally, National Bankshares boosted their price target 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. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$1,820.83.

Fairfax Financial Stock Performance

Shares of TSE:FFH opened at C$1,552.23 on Thursday. The company has a market cap of C$34.27 billion, a P/E ratio of 7.31, a PEG ratio of 0.27 and a beta of 0.86. The company has a debt-to-equity ratio of 37.45, a quick ratio of 0.93 and a current ratio of 3.87. Fairfax Financial has a one year low of C$911.02 and a one year high of C$1,563.67. The business’s 50-day simple moving average is C$1,492.10 and its 200 day simple moving average is C$1,342.76.

Fairfax Financial (TSE:FFH) last released its quarterly earnings data on Thursday, February 15th. The company reported C$71.98 earnings per share for the quarter, missing the consensus estimate of C$81.40 by C($9.42). The firm had revenue of C$9.40 billion during the quarter, compared to analyst estimates of C$10.25 billion. Fairfax Financial had a net margin of 12.26% and a return on equity of 17.26%.

Insider Transactions at Fairfax Financial

In other Fairfax Financial news, Director Christine N. Mclean purchased 80 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were purchased at an average cost of C$1,349.98 per share, with a total value of C$107,998.40. Following the completion of the transaction, the director now owns 589 shares of the company’s stock, valued at C$795,138.22. In other Fairfax Financial news, Director Christine N. Mclean bought 80 shares of the stock in a transaction on Wednesday, February 21st. The shares were purchased at an average price of C$1,349.98 per share, with a total value of C$107,998.40. Following the acquisition, the director now directly owns 589 shares of the company’s stock, valued at approximately C$795,138.22. Also, Director F. Brian Bradstreet sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of C$1,468.47, for a total value of C$1,468,470.00. Over the last three months, insiders have purchased 190 shares of company stock valued at $273,877 and have sold 5,011 shares valued at $6,334,563. 3.65% of the stock is owned by insiders.

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.