Cormark Equities Analysts Reduce Earnings Estimates for Fairfax Financial Holdings Limited (TSE:FFH)

Fairfax Financial Holdings Limited (TSE:FFH) – Cormark cut their FY2025 earnings per share estimates for shares of Fairfax Financial in a report issued on Thursday, April 18th. Cormark analyst J. Fenwick now forecasts that the company will post earnings of $201.65 per share for the year, down from their previous forecast of $202.42. The consensus estimate for Fairfax Financial’s current full-year earnings is $189.55 per share.

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

FFH has been the subject of several other reports. National Bankshares boosted their price target on Fairfax Financial from C$1,800.00 to C$2,000.00 and gave the company an “outperform” rating in a report on Friday, January 26th. CIBC upped their price objective on Fairfax Financial from C$1,700.00 to C$2,000.00 in a report on Wednesday, March 13th. Scotiabank upped their price objective on Fairfax Financial from C$1,650.00 to C$1,900.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Royal Bank of Canada upped their price objective on Fairfax Financial from C$1,085.00 to C$1,200.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. Finally, BMO Capital Markets upped their price objective 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 research analysts have rated the stock with a buy rating, According to MarketBeat.com, Fairfax Financial has a consensus rating of “Buy” and a consensus target price of C$1,758.33.

Fairfax Financial Price Performance

Shares of TSE:FFH opened at C$1,513.79 on Friday. The business’s 50 day simple moving average is C$1,459.01 and its 200-day simple moving average is C$1,308.69. The firm has a market capitalization of C$33.52 billion, a price-to-earnings ratio of 6.46, a price-to-earnings-growth ratio of 0.27 and a beta of 0.86. The company has a debt-to-equity ratio of 38.98, a current ratio of 6.07 and a quick ratio of 0.93. Fairfax Financial has a 12 month low of C$904.60 and a 12 month high of C$1,563.49.

Insider Activity

In other news, Director Christine N. Mclean purchased 80 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was acquired at an average cost of C$1,349.98 per share, for a total transaction of C$107,998.40. Following the completion of the purchase, the director now owns 589 shares of the company’s stock, valued at C$795,138.22. In related news, Director Christine N. Mclean bought 80 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was bought at an average cost of C$1,349.98 per share, for a total transaction of C$107,998.40. Following the completion of the purchase, the director now directly owns 589 shares in the company, valued at approximately C$795,138.22. Also, Director Brian Johnston Porter bought 100 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was bought at an average price of C$1,509.40 per share, with a total value of C$150,940.00. Following the completion of the purchase, the director now owns 950 shares of the company’s stock, valued at C$1,433,930. Over the last ninety days, insiders acquired 190 shares of company stock worth $273,877 and sold 4,572 shares worth $5,835,859. Insiders own 3.63% of the company’s stock.

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.