Q2 2024 EPS Estimates for Fairfax Financial Holdings Limited Lowered by Analyst (TSE:FFH)

Fairfax Financial Holdings Limited (TSE:FFH) – Stock analysts at National Bank Financial dropped their Q2 2024 earnings per share (EPS) estimates for Fairfax Financial in a research report issued to clients and investors on Sunday, May 5th. National Bank Financial analyst J. Gloyn now forecasts that the company will earn $46.06 per share for the quarter, down from their prior forecast of $61.52. The consensus estimate for Fairfax Financial’s current full-year earnings is $193.64 per share. National Bank Financial also issued estimates for Fairfax Financial’s Q3 2024 earnings at $59.49 EPS, FY2024 earnings at $200.93 EPS and FY2025 earnings at $210.43 EPS.

Fairfax Financial (TSE:FFH) last posted its earnings results on Thursday, February 15th. The company reported C$71.98 EPS for the quarter, missing the consensus estimate of C$81.40 by C($9.42). Fairfax Financial had a return on equity of 17.26% and a net margin of 12.26%. The company had revenue of C$9.40 billion during the quarter, compared to analysts’ expectations of C$10.25 billion.

Several other research analysts have also issued reports on the company. National Bankshares increased their target price on Fairfax Financial from C$2,000.00 to C$2,100.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. Royal Bank of Canada increased 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. CIBC boosted their target price on shares of Fairfax Financial from C$1,700.00 to C$2,000.00 in a report on Wednesday, March 13th. Cormark increased their price target on shares of Fairfax Financial from C$1,600.00 to C$1,800.00 in a research note on Thursday, April 18th. Finally, BMO Capital Markets boosted their price objective on shares of Fairfax Financial from C$1,650.00 to C$1,800.00 in a research note on Monday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$1,820.83.

Fairfax Financial Stock Performance

Shares of FFH opened at C$1,562.45 on Wednesday. The company has a 50-day simple moving average of C$1,496.69 and a two-hundred day simple moving average of C$1,345.74. The company has a debt-to-equity ratio of 37.45, a current ratio of 3.87 and a quick ratio of 0.93. The firm has a market capitalization of C$34.50 billion, a PE ratio of 7.36, a price-to-earnings-growth ratio of 0.27 and a beta of 0.86. Fairfax Financial has a one year low of C$915.03 and a one year high of C$1,575.31.

Insider Activity

In other 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 bought at an average price of C$1,349.98 per share, for a total transaction of C$107,998.40. Following the purchase, the director now directly owns 589 shares in the company, valued at approximately C$795,138.22. In other news, Director Christine N. Mclean acquired 80 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was bought 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 directly owns 589 shares in the company, valued at C$795,138.22. Also, Director Brian Johnston Porter acquired 100 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was acquired at an average cost of C$1,509.40 per share, for a total transaction of C$150,940.00. Following the completion of the transaction, the director now directly owns 950 shares in the company, valued at approximately C$1,433,930. Over the last three months, insiders purchased 190 shares of company stock worth $273,877 and sold 5,011 shares worth $6,334,563. Corporate insiders own 3.65% of the company’s stock.

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.