Q1 2024 Earnings Estimate for Fairfax Financial Holdings Limited (TSE:FFH) Issued By National Bank Financial

Fairfax Financial Holdings Limited (TSE:FFH) – Analysts at National Bank Financial reduced their Q1 2024 EPS estimates for Fairfax Financial in a research note issued to investors on Monday, April 29th. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings of $53.03 per share for the quarter, down from their prior forecast of $66.77. The consensus estimate for Fairfax Financial’s current full-year earnings is $189.55 per share. National Bank Financial also issued estimates for Fairfax Financial’s Q2 2024 earnings at $61.52 EPS, Q3 2024 earnings at $45.07 EPS, FY2024 earnings at $212.89 EPS and FY2025 earnings at $210.72 EPS.

Fairfax Financial (TSE:FFH) last posted its quarterly earnings data on Thursday, February 15th. The company reported C$71.98 EPS for the quarter, missing the consensus estimate of C$81.40 by C($9.42). The firm had revenue of C$9.40 billion for the quarter, compared to analysts’ expectations of C$10.25 billion. Fairfax Financial had a return on equity of 20.09% and a net margin of 13.76%.

A number of other equities research analysts have also recently commented on FFH. Royal Bank of Canada increased their target price on shares of Fairfax Financial from C$1,085.00 to C$1,200.00 and gave the company an “outperform” rating in a research report on Tuesday, February 20th. National Bankshares boosted their target price on Fairfax Financial from C$2,000.00 to C$2,100.00 and gave the stock an “outperform” rating in a report on Tuesday. CIBC lifted their price objective on Fairfax Financial from C$1,700.00 to C$2,000.00 in a research report on Wednesday, March 13th. Scotiabank upped their target price on Fairfax Financial from C$1,900.00 to C$2,000.00 in a report on Friday, April 26th. Finally, BMO Capital Markets lifted their price target on Fairfax Financial from C$1,550.00 to C$1,650.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$1,791.67.

Fairfax Financial Stock Up 2.1 %

Shares of FFH opened at C$1,528.34 on Thursday. Fairfax Financial has a one year low of C$910.44 and a one year high of C$1,563.49. The company has a debt-to-equity ratio of 38.98, a quick ratio of 0.93 and a current ratio of 6.07. The stock has a 50 day moving average price of C$1,480.85 and a 200 day moving average price of C$1,329.13. The stock has a market capitalization of C$33.84 billion, a price-to-earnings ratio of 6.52, a PEG ratio of 0.27 and a beta of 0.86.

Insiders Place Their Bets

In related news, insider Andrew Barnard sold 2,572 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$1,120.68, for a total value of C$2,882,388.96. In related news, insider Andrew Barnard sold 2,572 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$1,120.68, for a total transaction of C$2,882,388.96. Also, Director Christine N. Mclean bought 80 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was purchased at an average cost of C$1,349.98 per share, for a total transaction of C$107,998.40. Following the transaction, the director now owns 589 shares of the company’s stock, valued at C$795,138.22. Over the last quarter, insiders acquired 190 shares of company stock valued at $273,877 and sold 4,572 shares valued at $5,835,859. 3.63% of the stock is owned by 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.