Fairfax Financial (OTCMKTS:FRFHF) Announces Earnings Results, Beats Expectations By $13.85 EPS

Fairfax Financial (OTCMKTS:FRFHF) posted its earnings results on Tuesday. The financial services provider reported $43.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $29.47 by $13.85, Zacks reports. Fairfax Financial had a return on equity of 14.72% and a net margin of 13.83%.

Fairfax Financial Trading Down 0.6%

OTCMKTS:FRFHF traded down $10.97 during mid-day trading on Tuesday, reaching $1,767.03. The company’s stock had a trading volume of 8,525 shares, compared to its average volume of 8,965. Fairfax Financial has a twelve month low of $1,500.00 and a twelve month high of $1,949.00. The company’s fifty day simple moving average is $1,645.02 and its two-hundred day simple moving average is $1,668.32. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.60 and a quick ratio of 3.60. The stock has a market cap of $36.75 billion, a P/E ratio of 8.66 and a beta of 0.45.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Scotiabank reaffirmed an “outperform” rating on shares of Fairfax Financial in a research note on Friday, July 24th. Zacks Research downgraded shares of Fairfax Financial from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Fairfax Financial in a report on Friday, October 16th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Fairfax Financial Company Profile

Fairfax Financial Holdings Limited is a Toronto-based holding company engaged primarily in property and casualty insurance and reinsurance. Through its operating subsidiaries, the company provides commercial and personal insurance products, specialty coverage, and reinsurance solutions to businesses, institutions, and individuals.

Fairfax’s insurance operations include companies such as Odyssey Group, Allied World, Brit, Northbridge Insurance, Crum & Forster, and Zenith. Its businesses serve customers across Canada, the United States, Europe, and other international markets.