First American Financial (NYSE:FAF) announced its quarterly earnings data on Thursday. The insurance provider reported $1.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.45, Briefing.com reports. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.66 billion. First American Financial had a net margin of 9.76% and a return on equity of 15.21%. The firm’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.27 earnings per share.
Shares of NYSE:FAF traded up $0.16 during trading on Friday, reaching $65.49. 989,421 shares of the company were exchanged, compared to its average volume of 713,304. The firm has a market capitalization of $6.86 billion, a PE ratio of 12.92 and a beta of 0.85. The business’s fifty day simple moving average is $60.22 and its 200-day simple moving average is $60.01. First American Financial has a 12-month low of $48.30 and a 12-month high of $66.40.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 9th will be given a dividend of $0.44 per share. The ex-dividend date is Friday, March 6th. This is a positive change from First American Financial’s previous quarterly dividend of $0.42. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.69%. First American Financial’s dividend payout ratio (DPR) is 36.68%.
Several brokerages have issued reports on FAF. ValuEngine raised shares of First American Financial from a “strong sell” rating to a “sell” rating in a research note on Monday, November 4th. Stephens raised their price objective on shares of First American Financial from $71.00 to $76.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Keefe, Bruyette & Woods raised shares of First American Financial from a “market perform” rating to an “outperform” rating in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $68.86.
First American Financial Company Profile
First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Specialty Insurance segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services.
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