Analysts Offer Predictions for Fairfax Financial Holdings Limited’s Q2 2024 Earnings (TSE:FFH)

Fairfax Financial Holdings Limited (TSE:FFH) – Equities researchers at National Bank Financial dropped their Q2 2024 earnings estimates for Fairfax Financial in a note issued to investors on Sunday, May 5th. National Bank Financial analyst J. Gloyn now anticipates that the company will earn $46.06 per share for the quarter, down from their previous estimate of $61.52. The consensus estimate for Fairfax Financial’s current full-year earnings is $193.64 per share. National Bank Financial also issued estimates for Fairfax Financial’s Q3 2024 earnings at $59.49 EPS, FY2024 earnings at $200.93 EPS and FY2025 earnings at $210.43 EPS.

Fairfax Financial (TSE:FFH) last released its earnings results 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 return on equity of 17.26% and a net margin of 12.26%.

FFH has been the subject of a number of other reports. BMO Capital Markets lifted their target price on Fairfax Financial from C$1,650.00 to C$1,800.00 in a research report on Monday. Cormark increased their target price on shares of Fairfax Financial from C$1,600.00 to C$1,800.00 in a report on Thursday, April 18th. National Bankshares boosted their price target on shares of Fairfax Financial from C$2,000.00 to C$2,100.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. CIBC lifted their price objective on shares of Fairfax Financial from C$1,700.00 to C$2,000.00 in a report on Wednesday, March 13th. Finally, Scotiabank lowered their target price on Fairfax Financial from C$2,000.00 to C$1,950.00 and set an “outperform” rating for the company in a report on Monday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Fairfax Financial presently has an average rating of “Buy” and an average price target of C$1,820.83.

Fairfax Financial Stock Performance

Shares of TSE:FFH opened at C$1,562.28 on Wednesday. The company has a debt-to-equity ratio of 37.45, a quick ratio of 0.93 and a current ratio of 3.87. The firm has a market cap of C$34.50 billion, a PE ratio of 7.36, a price-to-earnings-growth ratio of 0.27 and a beta of 0.86. The firm’s 50 day simple moving average is C$1,492.10 and its 200-day simple moving average is C$1,342.76. Fairfax Financial has a one year low of C$910.44 and a one year high of C$1,563.49.

Insider Buying and Selling at Fairfax Financial

In other Fairfax Financial news, Director Christine N. Mclean acquired 80 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was purchased at an average price of C$1,349.98 per share, for a total transaction of C$107,998.40. Following the acquisition, the director now owns 589 shares in the company, valued at approximately C$795,138.22. In other Fairfax Financial news, Director Christine N. Mclean purchased 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 owns 589 shares in the company, valued at approximately C$795,138.22. Also, Director Eric Salsberg sold 1,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of C$1,485.00, for a total value of C$1,485,000.00. Over the last three months, insiders bought 190 shares of company stock worth $273,877 and sold 4,572 shares worth $5,835,859. 3.65% of the stock is owned by insiders.

Fairfax Financial Company Profile

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.