Fairfax Financial (OTCMKTS:FRFHF) Announces Earnings Results, Beats Expectations By $11.04 EPS

Fairfax Financial (OTCMKTS:FRFHF) posted its quarterly earnings data on Thursday. The financial services provider reported $52.04 earnings per share for the quarter, topping the consensus estimate of $41.00 by $11.04, Zacks reports. The business had revenue of $8.26 billion for the quarter, compared to analysts’ expectations of $8.57 billion. Fairfax Financial had a return on equity of 16.39% and a net margin of 14.68%.

Fairfax Financial Price Performance

Shares of FRFHF traded down $0.81 during midday trading on Friday, hitting $1,567.00. 16,359 shares of the company traded hands, compared to its average volume of 4,942. The stock has a 50-day moving average of $1,707.99 and a 200-day moving average of $1,704.37. The company has a debt-to-equity ratio of 0.45, a current ratio of 4.20 and a quick ratio of 4.20. Fairfax Financial has a one year low of $1,292.50 and a one year high of $1,833.48. The firm has a market cap of $35.01 billion, a P/E ratio of 7.94 and a beta of 0.76.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FRFHF. Scotiabank reiterated an “outperform” rating on shares of Fairfax Financial in a research note on Wednesday, October 22nd. National Bankshares restated an “outperform” rating on shares of Fairfax Financial in a report on Monday, October 27th. Cormark cut shares of Fairfax Financial from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, August 6th. Raymond James Financial reissued an “outperform” rating on shares of Fairfax Financial in a research report on Thursday, October 16th. Finally, Wall Street Zen upgraded Fairfax Financial from a “hold” rating to a “buy” rating in a research note on Sunday, August 31st. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

About Fairfax Financial

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.