TSE:FFH Q3 EPS Forecast Boosted by National Bank Financial

Fairfax Financial Holdings Limited (TSE:FFH) – Investment analysts at National Bank Financial raised their Q3 2024 earnings estimates for shares of Fairfax Financial in a report released on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now anticipates that the company will earn $47.00 per share for the quarter, up from their prior forecast of $42.45. 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 $67.97 EPS, FY2024 earnings at $208.81 EPS and FY2025 earnings at $216.59 EPS.

Fairfax Financial (TSE:FFH) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$50.87 EPS for the quarter, missing analysts’ consensus estimates of C$51.23 by C($0.36). The business had revenue of C$10.25 billion during the quarter. Fairfax Financial had a return on equity of 17.91% and a net margin of 12.27%.

A number of other research firms also recently issued reports on FFH. Scotiabank increased their price target on shares of Fairfax Financial from C$1,950.00 to C$2,000.00 in a research note on Wednesday, July 24th. Royal Bank of Canada increased their target price on Fairfax Financial from C$1,325.00 to C$1,425.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Finally, National Bankshares upped their price target on Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the stock an “outperform” rating in a research note on Wednesday.

Fairfax Financial Stock Up 9.1 %

Shares of TSE FFH opened at C$1,888.04 on Friday. The firm has a fifty day simple moving average of C$1,681.82 and a two-hundred day simple moving average of C$1,587.34. Fairfax Financial has a 12 month low of C$1,152.53 and a 12 month high of C$1,888.04. The company has a current ratio of 3.75, a quick ratio of 0.93 and a debt-to-equity ratio of 40.13. The firm has a market capitalization of C$44.01 billion, a PE ratio of 8.41, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83.

Insider Activity

In related news, Senior Officer Peter Clarke sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of C$1,646.93, for a total value of C$3,293,860.00. Following the sale, the insider now owns 632 shares in the company, valued at C$1,040,859.76. This represents a 0.00 % decrease in their position. In related news, Senior Officer Peter Clarke sold 2,000 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of C$1,646.93, for a total value of C$3,293,860.00. Following the transaction, the insider now owns 632 shares in the company, valued at C$1,040,859.76. The trade was a 0.00 % decrease in their position. Also, Director Brian David Young sold 4,280 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of C$1,617.96, for a total transaction of C$6,924,875.22. Over the last ninety days, insiders sold 6,953 shares of company stock worth $11,304,176. Insiders own 3.76% of the company’s stock.

Fairfax Financial Company Profile

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.