Fairfax Financial (OTCMKTS:FRFHF – Get Free Report) posted its quarterly earnings data on Tuesday. The financial services provider reported $43.32 earnings per share for the quarter, topping the consensus estimate of $29.47 by $13.85, Zacks reports. Fairfax Financial had a net margin of 13.83% and a return on equity of 14.72%. The firm had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.42 billion.
Fairfax Financial Stock Performance
Shares of Fairfax Financial stock traded up $163.89 during trading on Wednesday, reaching $1,933.00. The company’s stock had a trading volume of 5,589 shares, compared to its average volume of 8,948. Fairfax Financial has a one year low of $1,500.00 and a one year high of $1,949.00. The company has a debt-to-equity ratio of 0.46, a quick ratio of 3.60 and a current ratio of 3.60. The firm has a market cap of $40.21 billion, a price-to-earnings ratio of 9.47 and a beta of 0.45. The business’s fifty day moving average price is $1,647.56 and its 200-day moving average price is $1,667.89.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on FRFHF shares. BMO Capital Markets reaffirmed a “market perform” rating on shares of Fairfax Financial in a research note on Friday, October 16th. Scotiabank reissued an “outperform” rating on shares of Fairfax Financial in a research note on Friday, July 24th. Finally, Zacks Research downgraded Fairfax Financial from a “hold” rating to a “strong sell” rating in a report on Monday, October 5th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Fairfax Financial presently has an average rating of “Hold”.
View Our Latest Stock Analysis on Fairfax Financial
Fairfax Financial Company Profile
Fairfax Financial Holdings Limited is a Toronto-based holding company engaged primarily in property and casualty insurance and reinsurance. Through its operating subsidiaries, the company provides commercial and personal insurance products, specialty coverage, and reinsurance solutions to businesses, institutions, and individuals.
Fairfax’s insurance operations include companies such as Odyssey Group, Allied World, Brit, Northbridge Insurance, Crum & Forster, and Zenith. Its businesses serve customers across Canada, the United States, Europe, and other international markets.
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