Fairfax Financial (FRFHF) to Release Quarterly Earnings on Thursday

Fairfax Financial (OTCMKTS:FRFHF) is expected to post its results after the market closes on Thursday, July 30th. Analysts expect the company to post earnings of $85.41 per share and revenue of $9.3826 billion for the quarter.

Fairfax Financial (OTCMKTS:FRFHF) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $31.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $36.17 by ($5.06). The firm had revenue of $7.82 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Fairfax Financial had a net margin of 14.16% and a return on equity of 15.05%. On average, analysts expect Fairfax Financial to post $184 EPS for the current fiscal year and $177 EPS for the next fiscal year.

Fairfax Financial Stock Performance

Shares of OTCMKTS:FRFHF opened at $1,732.00 on Wednesday. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $1,630.69 and a 200-day moving average price of $1,682.73. The company has a market cap of $36.94 billion, a price-to-earnings ratio of 8.56 and a beta of 0.49. Fairfax Financial has a 12 month low of $1,500.00 and a 12 month high of $1,949.00.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on FRFHF shares. Zacks Research cut Fairfax Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Scotiabank reissued an “outperform” rating on shares of Fairfax Financial in a research note on Friday. Finally, Canadian Imperial Bank of Commerce began coverage on Fairfax Financial in a research note on Friday, June 26th. They issued a “neutral” rating for the company. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

About Fairfax Financial

Fairfax Financial (OTCMKTS:FRFHF) is a Toronto-based financial holding company primarily engaged in property and casualty insurance, reinsurance and investment management. The company underwrites a broad range of commercial and personal insurance products, operates specialty and run-off reinsurance businesses, and manages a diversified investment portfolio largely funded by insurance float. Fairfax conducts its insurance operations through a network of subsidiaries and affiliated companies that provide local underwriting and claims services across multiple markets.

On the insurance side, Fairfax writes a mix of short-tail and long-tail coverages across specialty lines, commercial casualty, property and other niche markets, while its reinsurance activities include treaty and facultative solutions for cedants and intermediaries.