Q4 2024 Earnings Forecast for Fairfax Financial Holdings Limited Issued By National Bank Financial (TSE:FFH)

Fairfax Financial Holdings Limited (TSE:FFH) – Analysts at National Bank Financial increased their Q4 2024 earnings estimates for Fairfax Financial in a research note issued on Monday, April 29th. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings per share of $53.25 for the quarter, up from their prior forecast of $52.70. The consensus estimate for Fairfax Financial’s current full-year earnings is $189.55 per share.

Several other brokerages have also weighed in on FFH. Royal Bank of Canada increased their price objective on shares of Fairfax Financial from C$1,085.00 to C$1,200.00 and gave the company an “outperform” rating in a research report on Tuesday, February 20th. CIBC increased their price objective on shares of Fairfax Financial from C$1,700.00 to C$2,000.00 in a research report on Wednesday, March 13th. Cormark increased their price objective on shares of Fairfax Financial from C$1,600.00 to C$1,800.00 in a research report on Thursday, April 18th. National Bankshares increased their price objective on shares of Fairfax Financial from C$2,000.00 to C$2,100.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Scotiabank increased their price objective on shares of Fairfax Financial from C$1,900.00 to C$2,000.00 in a research report on Friday, April 26th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$1,791.67.

Fairfax Financial Stock Performance

Shares of FFH stock opened at C$1,523.98 on Wednesday. The stock has a market cap of C$33.74 billion, a P/E ratio of 6.50, a P/E/G ratio of 0.27 and a beta of 0.86. The company has a debt-to-equity ratio of 38.98, a current ratio of 6.07 and a quick ratio of 0.93. The company has a fifty day moving average price of C$1,483.93 and a two-hundred day moving average price of C$1,330.48. Fairfax Financial has a one year low of C$910.44 and a one year high of C$1,563.49.

Fairfax Financial (TSE:FFH) last announced its quarterly earnings results 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 analyst estimates 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 Fairfax Financial news, Director Christine N. Mclean acquired 80 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was acquired 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 of the company’s stock, valued at C$795,138.22. In other Fairfax Financial news, Director Christine N. Mclean acquired 80 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was acquired 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 of the company’s stock, valued at C$795,138.22. Also, Director Eric Salsberg sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of C$1,485.00, for a total transaction of C$1,485,000.00. In the last quarter, insiders acquired 190 shares of company stock worth $273,877 and sold 4,572 shares worth $5,835,859. Corporate insiders own 3.63% of the company’s stock.

About Fairfax Financial

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.