Q2 2024 EPS Estimates for First National Financial Co. (TSE:FN) Cut by Analyst

First National Financial Co. (TSE:FN) – National Bank Financial lowered their Q2 2024 EPS estimates for First National Financial in a research note issued on Tuesday, April 30th. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings per share of $0.93 for the quarter, down from their previous estimate of $1.02. The consensus estimate for First National Financial’s current full-year earnings is $3.93 per share. National Bank Financial also issued estimates for First National Financial’s Q3 2024 earnings at $1.14 EPS, Q4 2024 earnings at $1.01 EPS, FY2024 earnings at $3.92 EPS and FY2025 earnings at $4.52 EPS.

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

Several other equities research analysts have also issued reports on FN. TD Securities lowered their price target on shares of First National Financial from C$44.00 to C$42.00 in a report on Thursday. BMO Capital Markets lowered their target price on shares of First National Financial from C$41.00 to C$39.00 in a research note on Thursday. Scotiabank cut their price target on shares of First National Financial from C$45.00 to C$41.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Royal Bank of Canada lowered their price objective on First National Financial from C$43.00 to C$41.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$40.17.

First National Financial Stock Performance

Shares of TSE FN opened at C$36.39 on Thursday. First National Financial has a one year low of C$32.86 and a one year high of C$41.80. The company has a current ratio of 10.29, a quick ratio of 10.11 and a debt-to-equity ratio of 6,070.47. The business has a fifty day simple moving average of C$37.65 and a 200 day simple moving average of C$38.02. The firm has a market capitalization of C$2.18 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 0.70 and a beta of 1.06.

First National Financial Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.2042 per share. This is an increase from First National Financial’s previous monthly dividend of $0.20. This represents a $2.45 annualized dividend and a yield of 6.73%. The ex-dividend date of this dividend is Monday, April 29th. First National Financial’s dividend payout ratio (DPR) is currently 59.04%.

First National Financial Company Profile

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.