First American Financial (NYSE:FAF – Get Free Report) announced its quarterly earnings data on Thursday. The insurance provider reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.22), Briefing.com reports. First American Financial had a net margin of 3.64% and a return on equity of 8.18%. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the prior year, the business posted $0.49 earnings per share. The business’s quarterly revenue was down 1.5% on a year-over-year basis.
First American Financial Stock Performance
Shares of NYSE FAF traded down $0.05 during mid-day trading on Friday, hitting $54.22. 851,775 shares of the stock traded hands, compared to its average volume of 660,268. First American Financial has a 52 week low of $49.55 and a 52 week high of $65.54. The company has a market cap of $5.62 billion, a price-to-earnings ratio of 25.94 and a beta of 1.28. The stock has a fifty day moving average price of $57.50 and a 200-day moving average price of $58.27.
First American Financial Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 8th were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $2.12 annualized dividend and a dividend yield of 3.91%. First American Financial’s dividend payout ratio is presently 101.44%.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on FAF
First American Financial Company Profile
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.
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