First American Financial (FAF) Expected to Announce Quarterly Earnings on Wednesday

First American Financial (NYSE:FAF) is projected to announce its earnings results after the market closes on Wednesday, February 12th. Analysts expect the company to announce earnings of $1.13 per share and revenue of $1.62 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

First American Financial Stock Up 0.2 %

First American Financial stock opened at $62.88 on Wednesday. First American Financial has a twelve month low of $51.60 and a twelve month high of $70.92. The stock has a market cap of $6.48 billion, a P/E ratio of 70.65 and a beta of 1.33. The company’s 50-day moving average price is $63.73 and its two-hundred day moving average price is $63.71.

First American Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.54 per share. The ex-dividend date is Monday, March 10th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.44%. First American Financial’s dividend payout ratio (DPR) is currently 242.70%.

Wall Street Analyst Weigh In

FAF has been the topic of a number of research reports. Truist Financial upped their price objective on First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a report on Friday, October 25th. Keefe, Bruyette & Woods decreased their price target on shares of First American Financial from $80.00 to $74.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 8th. Stephens lifted their price objective on shares of First American Financial from $66.00 to $73.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, Barclays increased their target price on shares of First American Financial from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, First American Financial presently has an average rating of “Moderate Buy” and an average price target of $73.00.

About First American Financial

First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Home Warranty segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services internationally.