First American Financial Corp. (NYSE:FAF) will be posting its Q316 quarterly earnings results on Thursday, October 20th. Analysts expect First American Financial Corp. to post earnings of $0.88 per share and revenue of $1.44 billion for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

First American Financial Corp. (NYSE:FAF) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.04. First American Financial Corp. had a net margin of 5.88% and a return on equity of 11.13%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the prior year, the company earned $0.85 EPS. First American Financial Corp.’s quarterly revenue was up 2.8% on a year-over-year basis. On average, analysts expect First American Financial Corp. to post $3.00 EPS for the current fiscal year and $3.00 EPS for the next fiscal year.

Earnings History for First American Financial Corp. (NYSE:FAF)

First American Financial Corp. (NYSE:FAF) opened at 40.57 on Wednesday. First American Financial Corp. has a one year low of $31.74 and a one year high of $43.55. The company has a 50-day moving average of $40.82 and a 200 day moving average of $39.44. The firm has a market cap of $4.45 billion, a P/E ratio of 14.34 and a beta of 0.66.

Several equities analysts have recently issued reports on FAF shares. Zacks Investment Research upgraded First American Financial Corp. from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Thursday, July 14th. Piper Jaffray Cos. reiterated a “neutral” rating and issued a $45.00 price objective (up previously from $42.00) on shares of First American Financial Corp. in a research note on Monday, July 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $43.00.

In other First American Financial Corp. news, Director Mark C. Oman purchased 2,700 shares of First American Financial Corp. stock in a transaction that occurred on Thursday, August 18th. The stock was purchased at an average price of $42.08 per share, with a total value of $113,616.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.20% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Advisor Group Inc. acquired a new position in shares of First American Financial Corp. during the second quarter worth approximately $556,000. Raymond James & Associates increased its position in shares of First American Financial Corp. by 14.8% in the second quarter. Raymond James & Associates now owns 10,236 shares of the company’s stock worth $412,000 after buying an additional 1,318 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of First American Financial Corp. by 9.8% in the second quarter. TIAA CREF Investment Management LLC now owns 387,981 shares of the company’s stock worth $15,605,000 after buying an additional 34,750 shares in the last quarter. Scotia Capital Inc. increased its position in shares of First American Financial Corp. by 7.8% in the second quarter. Scotia Capital Inc. now owns 14,451 shares of the company’s stock worth $583,000 after buying an additional 1,044 shares in the last quarter. Finally, State of Wisconsin Investment Board acquired a new position in shares of First American Financial Corp. during the second quarter worth approximately $2,895,000. 86.66% of the stock is owned by hedge funds and other institutional investors.

First American Financial Corp. Company Profile

First American Financial Corporation is a holding company. Through its subsidiaries, the Company is engaged in the business of providing financial services. The Company’s segments include Title Insurance and Services, Specialty Insurance and corporate function. The Company’s title insurance and services segment issues title insurance policies on residential and commercial property in the United States and offers similar or related products and services internationally.

5 Day Chart for NYSE:FAF

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