First National Financial (FN) Set to Announce Quarterly Earnings on Tuesday

First National Financial (TSE:FN) is scheduled to post its quarterly earnings results after the market closes on Tuesday, April 30th.

First National Financial (TSE:FN) last posted its quarterly earnings results on Tuesday, March 5th. The company reported C$0.72 earnings per share for the quarter, topping the consensus estimate of C$0.22 by C$0.50. First National Financial had a net margin of 33.65% and a return on equity of 35.19%. The firm had revenue of C$199.30 million for the quarter, compared to the consensus estimate of C$164.10 million.

First National Financial Price Performance

Shares of FN stock opened at C$38.13 on Friday. The company has a debt-to-equity ratio of 6,070.47, a current ratio of 10.29 and a quick ratio of 10.11. The firm’s 50-day moving average is C$37.99 and its two-hundred day moving average is C$37.98. First National Financial has a 12 month low of C$32.86 and a 12 month high of C$41.80. The company has a market capitalization of C$2.29 billion, a PE ratio of 9.19, a price-to-earnings-growth ratio of 0.70 and a beta of 1.10.

First National Financial Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.2042 per share. The ex-dividend date is Monday, April 29th. This is an increase from First National Financial’s previous monthly dividend of $0.20. This represents a $2.45 dividend on an annualized basis and a yield of 6.43%. First National Financial’s payout ratio is 58.31%.

Analysts Set New Price Targets

A number of brokerages have weighed in on FN. Scotiabank lifted their price target on shares of First National Financial from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 31st. TD Securities boosted their price target on shares of First National Financial from C$41.00 to C$44.00 and gave the stock a “hold” rating in a report on Thursday, March 7th. BMO Capital Markets reduced their price objective on shares of First National Financial from C$44.00 to C$41.00 and set a “market perform” rating for the company in a research report on Thursday, March 7th. Finally, Royal Bank of Canada upped their price target on shares of First National Financial from C$42.00 to C$43.00 in a research report on Thursday, January 4th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat, First National Financial currently has an average rating of “Hold” and a consensus target price of C$41.83.

About First National Financial

First National Financial Corporation, together with its subsidiaries, originates, underwrites, and services commercial and residential mortgages in Canada. It operates in two segments, Residential and Commercial segments. The company offers single-family and multi-unit residential, and commercial mortgages.