Analysts Offer Predictions for TSE:FFH FY2024 Earnings

Fairfax Financial Holdings Limited (TSE:FFH) – National Bank Financial upped their FY2024 earnings per share (EPS) estimates for shares of Fairfax Financial in a research report issued on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings per share of $222.25 for the year, up from their previous forecast of $208.38. The consensus estimate for Fairfax Financial’s current full-year earnings is $212.30 per share. National Bank Financial also issued estimates for Fairfax Financial’s Q4 2024 earnings at $62.96 EPS, Q1 2025 earnings at $60.32 EPS, Q2 2025 earnings at $55.68 EPS, Q3 2025 earnings at $53.94 EPS, FY2025 earnings at $233.37 EPS and FY2026 earnings at $243.17 EPS.

Other equities analysts have also issued research reports about the stock. National Bankshares boosted their price objective on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. CIBC increased their price target on Fairfax Financial from C$2,200.00 to C$2,400.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. BMO Capital Markets lifted their price objective on Fairfax Financial from C$1,850.00 to C$2,200.00 in a research report on Monday, November 4th. Cormark raised their price target on Fairfax Financial from C$1,800.00 to C$2,125.00 in a research note on Monday, November 4th. Finally, Scotiabank upped their price objective on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 in a research note on Monday, November 4th. Five 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 target price of C$2,091.67.

Fairfax Financial Stock Performance

TSE FFH opened at C$1,997.99 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 3.75 and a debt-to-equity ratio of 40.13. The stock has a market cap of C$46.57 billion, a price-to-earnings ratio of 8.90, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83. Fairfax Financial has a fifty-two week low of C$1,213.01 and a fifty-two week high of C$2,071.49. The business has a fifty day moving average of C$1,990.27 and a 200-day moving average of C$1,783.47.

Insider Buying and Selling

In other Fairfax Financial news, Director F. Brian Bradstreet sold 1,500 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of C$1,971.00, for a total value of C$2,956,500.00. Also, Director R. William Mcfarland sold 4,800 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of C$25.21, for a total transaction of C$121,008.00. Insiders have sold a total of 7,313 shares of company stock worth $4,978,234 over the last quarter. 3.76% of the stock is owned by company insiders.

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.