First American Financial (FAF) Scheduled to Post Earnings on Wednesday

First American Financial (NYSE:FAF) is scheduled to post its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect First American Financial to post earnings of $0.84 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

First American Financial (NYSE:FAF) last released its earnings results on Thursday, February 8th. The insurance provider reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.06). The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.47 billion. First American Financial had a net margin of 3.61% and a return on equity of 8.27%. The business’s revenue was down 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.35 earnings per share. On average, analysts expect First American Financial to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

First American Financial Stock Performance

NYSE:FAF opened at $56.58 on Monday. The stock has a fifty day moving average price of $57.79 and a 200-day moving average price of $58.25. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 27.20 and a beta of 1.28. First American Financial has a fifty-two week low of $49.55 and a fifty-two week high of $65.54.

First American Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 8th were given a dividend of $0.53 per share. The ex-dividend date was Thursday, March 7th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.75%. First American Financial’s payout ratio is 101.92%.

Hedge Funds Weigh In On First American Financial

A number of institutional investors and hedge funds have recently bought and sold shares of FAF. Point72 Hong Kong Ltd acquired a new position in First American Financial in the 2nd quarter worth about $36,000. PCA Investment Advisory Services Inc. acquired a new position in First American Financial in the 2nd quarter worth about $41,000. Brown Brothers Harriman & Co. acquired a new position in First American Financial in the 1st quarter worth about $46,000. Industrial Alliance Investment Management Inc. increased its holdings in First American Financial by 161.3% in the 4th quarter. Industrial Alliance Investment Management Inc. now owns 925 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 571 shares in the last quarter. Finally, Sunbelt Securities Inc. acquired a new position in First American Financial in the 1st quarter worth about $55,000. Institutional investors and hedge funds own 89.05% of the company’s stock.

Wall Street Analysts Forecast Growth

FAF has been the subject of a number of recent analyst reports. TheStreet downgraded First American Financial from a “b-” rating to a “c+” rating in a research report on Tuesday, March 12th. Deutsche Bank Aktiengesellschaft initiated coverage on First American Financial in a report on Wednesday, January 10th. They set a “buy” rating for the company. Keefe, Bruyette & Woods raised First American Financial from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $66.00 to $69.00 in a report on Thursday, March 21st. Finally, Stephens reissued an “overweight” rating and set a $73.00 price target on shares of First American Financial in a report on Thursday, February 8th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.00.

About First American Financial

First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Home Warranty segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services internationally.