Q3 EPS Forecast for Fairfax Financial Increased by Analyst

Fairfax Financial Holdings Limited (TSE:FFH) – Investment analysts at National Bank Financial lifted their Q3 2024 earnings estimates for Fairfax Financial in a research report issued to clients and investors on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now expects that the company will post earnings per share of $47.00 for the quarter, up from their prior estimate of $42.45. The consensus estimate for Fairfax Financial’s current full-year earnings is $212.30 per share. National Bank Financial also issued estimates for Fairfax Financial’s Q4 2024 earnings at $67.97 EPS, FY2024 earnings at $208.81 EPS and FY2025 earnings at $216.59 EPS.

Fairfax Financial (TSE:FFH) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$50.87 EPS for the quarter, missing the consensus estimate of C$51.23 by C($0.36). Fairfax Financial had a return on equity of 17.91% and a net margin of 12.27%. The company had revenue of C$10.25 billion during the quarter.

Several other research analysts also recently commented on the company. National Bankshares raised their price objective on Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the stock an “outperform” rating in a research note on Wednesday. Scotiabank raised their target price on shares of Fairfax Financial from C$1,950.00 to C$2,000.00 in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada lifted their price target on shares of Fairfax Financial from C$1,325.00 to C$1,425.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd.

Fairfax Financial Price Performance

TSE FFH opened at C$1,888.04 on Friday. The business’s fifty day moving average is C$1,681.82 and its 200 day moving average is C$1,587.34. Fairfax Financial has a fifty-two week low of C$1,152.53 and a fifty-two week high of C$1,888.04. The company has a debt-to-equity ratio of 40.13, a quick ratio of 0.93 and a current ratio of 3.75. The company has a market capitalization of C$44.01 billion, a PE ratio of 8.41, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83.

Insider Buying and Selling

In other news, Senior Officer Peter Clarke sold 2,000 shares of the business’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of C$1,646.93, for a total value of C$3,293,860.00. Following the completion of the sale, the insider now owns 632 shares in the company, valued at approximately C$1,040,859.76. The trade was a 0.00 % decrease in their position. In related news, Senior Officer Olivier Elie Quesnel sold 173 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of C$1,566.13, for a total transaction of C$270,940.49. Following the sale, the insider now directly owns 202 shares of the company’s stock, valued at C$316,358.26. This trade represents a 0.00 % decrease in their ownership of the stock. Also, Senior Officer Peter Clarke sold 2,000 shares of the company’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of C$1,646.93, for a total transaction of C$3,293,860.00. Following the completion of the transaction, the insider now owns 632 shares of the company’s stock, valued at approximately C$1,040,859.76. This trade represents a 0.00 % decrease in their position. Insiders have sold 6,953 shares of company stock valued at $11,304,176 in the last 90 days. Company insiders own 3.76% of the company’s stock.

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.