Fairfax Financial (OTCMKTS:FRFHF) Issues Quarterly Earnings Results

Fairfax Financial (OTCMKTS:FRFHF) announced its quarterly earnings results on Tuesday. The financial services provider reported $43.32 EPS for the quarter, beating the consensus estimate of $29.47 by $13.85, Zacks reports. Fairfax Financial had a return on equity of 14.72% and a net margin of 13.83%.

Fairfax Financial Stock Performance

FRFHF traded down $10.97 during midday trading on Tuesday, reaching $1,767.03. The company’s stock had a trading volume of 8,525 shares, compared to its average volume of 8,965. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.46. The company has a fifty day simple moving average of $1,645.02 and a 200 day simple moving average of $1,668.32. The stock has a market cap of $36.75 billion, a P/E ratio of 8.66 and a beta of 0.45. Fairfax Financial has a twelve month low of $1,500.00 and a twelve month high of $1,949.00.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on FRFHF shares. BMO Capital Markets restated a “market perform” rating on shares of Fairfax Financial in a research note on Friday, October 16th. Zacks Research downgraded shares of Fairfax Financial from a “hold” rating to a “strong sell” rating in a report on Monday, October 5th. Finally, Scotiabank reiterated an “outperform” rating on shares of Fairfax Financial in a research note on Friday, July 24th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold”.

About Fairfax Financial

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.