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

First National Financial (TSE:FN) is set to announce its earnings results after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of C$1.09 per share for the quarter.

First National Financial (TSE:FN) last released its earnings results on Tuesday, July 30th. The company reported C$0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.93 by C($0.04). First National Financial had a net margin of 32.60% and a return on equity of 30.22%. The company had revenue of C$205.45 million during the quarter, compared to analysts’ expectations of C$227.10 million.

First National Financial Price Performance

Shares of TSE FN opened at C$40.15 on Tuesday. The company has a debt-to-equity ratio of 6,280.61, a current ratio of 8.92 and a quick ratio of 10.11. The company has a market cap of C$2.41 billion, a price-to-earnings ratio of 10.57, a price-to-earnings-growth ratio of 0.70 and a beta of 1.04. The stock’s 50-day moving average is C$38.27 and its two-hundred day moving average is C$37.25. First National Financial has a 1-year low of C$32.86 and a 1-year high of C$41.41.

First National Financial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a $0.204 dividend. This represents a $2.45 annualized dividend and a dividend yield of 6.10%. The ex-dividend date of this dividend is Thursday, October 31st. First National Financial’s payout ratio is 64.47%.

Wall Street Analyst Weigh In

Separately, Scotiabank lifted their price target on First National Financial from C$41.00 to C$44.00 in a research note on Wednesday, July 24th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$40.67.

Insider Buying and Selling at First National Financial

In related news, insider FNSC Holdings Inc. acquired 16,565 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was purchased at an average cost of C$39.24 per share, for a total transaction of C$650,010.60. 71.45% of the stock is owned by corporate insiders.

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.