First American Financial (NYSE:FAF) Posts Quarterly Earnings Results, Misses Estimates By $0.22 EPS

First American Financial (NYSE:FAF) released its quarterly earnings data on Thursday. The insurance provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.22), Briefing.com reports. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.42 billion. First American Financial had a net margin of 3.64% and a return on equity of 8.18%. First American Financial’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 EPS.

First American Financial Price Performance

FAF stock traded down $0.05 during midday trading on Friday, hitting $54.22. The company’s stock had a trading volume of 851,775 shares, compared to its average volume of 660,268. The company’s fifty day moving average price is $57.50 and its 200 day moving average price is $58.27. First American Financial has a twelve month low of $49.55 and a twelve month high of $65.54. The stock has a market capitalization of $5.62 billion, a P/E ratio of 25.94 and a beta of 1.28.

First American Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 8th were given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend was Thursday, March 7th. First American Financial’s dividend payout ratio (DPR) is currently 101.44%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Stephens restated an “overweight” rating and issued a $72.00 price target on shares of First American Financial in a report on Thursday. Keefe, Bruyette & Woods raised shares of First American Financial from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $66.00 to $69.00 in a research note on Thursday, March 21st. Deutsche Bank Aktiengesellschaft began coverage on shares of First American Financial in a research report on Wednesday, January 10th. They set a “buy” rating for the company. Finally, TheStreet cut shares of First American Financial from a “b-” rating to a “c+” rating in a research report on Tuesday, March 12th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $67.75.

First American Financial Company Profile

First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Home Warranty segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services internationally.