Equities Analysts Issue Forecasts for Fairfax Financial Holdings Limited’s Q1 2024 Earnings (TSE:FFH)

Fairfax Financial Holdings Limited (TSE:FFH) – Stock analysts at Cormark issued their Q1 2024 EPS estimates for shares of Fairfax Financial in a research note issued to investors on Thursday, April 18th. Cormark analyst J. Fenwick anticipates that the company will earn $57.07 per share for the quarter. The consensus estimate for Fairfax Financial’s current full-year earnings is $189.55 per share. Cormark also issued estimates for Fairfax Financial’s Q2 2024 earnings at $49.24 EPS, Q3 2024 earnings at $41.65 EPS, Q4 2024 earnings at $43.83 EPS and FY2024 earnings at $194.75 EPS.

Several other brokerages have also issued reports on FFH. Royal Bank of Canada increased 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 note on Tuesday, February 20th. National Bankshares increased their target price on shares of Fairfax Financial from C$1,800.00 to C$2,000.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. CIBC increased their target price on shares of Fairfax Financial from C$1,700.00 to C$2,000.00 in a research note on Wednesday, March 13th. BMO Capital Markets increased their target price on shares of Fairfax Financial from C$1,550.00 to C$1,650.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. Finally, Scotiabank upped their price objective on shares of Fairfax Financial from C$1,650.00 to C$1,900.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Fairfax Financial has an average rating of “Buy” and a consensus price target of C$1,758.33.

Fairfax Financial Stock Down 0.1 %

Shares of TSE FFH opened at C$1,480.71 on Monday. The firm has a market cap of C$32.78 billion, a PE ratio of 6.32, a P/E/G ratio of 0.27 and a beta of 0.86. Fairfax Financial has a 12-month low of C$909.32 and a 12-month high of C$1,563.49. The company’s fifty day simple moving average is C$1,465.43 and its 200 day simple moving average is C$1,315.41. The company has a quick ratio of 0.93, a current ratio of 6.07 and a debt-to-equity ratio of 38.98.

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

Insiders Place Their Bets

In other news, insider Andrew Barnard sold 2,572 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$1,120.68, for a total value of C$2,882,388.96. In other Fairfax Financial news, Director F. Brian Bradstreet sold 1,000 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of C$1,468.47, for a total transaction of C$1,468,470.00. Also, insider Andrew Barnard sold 2,572 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$1,120.68, for a total transaction of C$2,882,388.96. Over the last 90 days, insiders have acquired 190 shares of company stock worth $273,877 and have sold 4,572 shares worth $5,835,859. Corporate insiders own 3.63% 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.