First National Financial (FN) Set to Announce Earnings on Tuesday

First National Financial (TSE:FN) is set to post its quarterly earnings results after the market closes on Tuesday, April 30th.

First National Financial (TSE:FN) last issued its quarterly earnings results on Tuesday, March 5th. The company reported C$0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.22 by C$0.50. The business had revenue of C$199.30 million for the quarter, compared to the consensus estimate of C$164.10 million. First National Financial had a net margin of 33.65% and a return on equity of 35.19%.

First National Financial Stock Up 1.8 %

Shares of TSE FN opened at C$38.15 on Tuesday. The firm’s 50-day simple moving average is C$38.14 and its 200 day simple moving average is C$37.95. The company has a market cap of C$2.29 billion, a price-to-earnings ratio of 9.19, a price-to-earnings-growth ratio of 0.70 and a beta of 1.10. The company has a quick ratio of 10.11, a current ratio of 10.29 and a debt-to-equity ratio of 6,070.47. First National Financial has a 12-month low of C$32.86 and a 12-month high of C$41.80.

First National Financial Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a dividend of $0.2042 per share. This is an increase from First National Financial’s previous monthly dividend of $0.20. The ex-dividend date is Monday, April 29th. This represents a $2.45 annualized dividend and a yield of 6.42%. First National Financial’s dividend payout ratio is 58.31%.

Analyst Ratings Changes

FN has been the topic of a number of research reports. Royal Bank of Canada upped their target price on shares of First National Financial from C$42.00 to C$43.00 in a research report on Thursday, January 4th. TD Securities upped their target price on shares of First National Financial from C$41.00 to C$44.00 and gave the company a “hold” rating in a research report on Thursday, March 7th. Scotiabank upped their target price on shares of First National Financial from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 31st. Finally, BMO Capital Markets cut their target price on shares of First National Financial from C$44.00 to C$41.00 and set a “market perform” rating on the stock in a research report on Thursday, March 7th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$41.83.

About First National Financial

First National Financial Corporation, together with its subsidiaries, originates, underwrites, and services commercial and residential mortgages in Canada. It operates in two segments, Residential and Commercial segments. The company offers single-family and multi-unit residential, and commercial mortgages.