Q2 2024 EPS Estimates for Fairfax Financial Holdings Limited Reduced by Cormark (TSE:FFH)

Fairfax Financial Holdings Limited (TSE:FFH) – Equities researchers at Cormark lowered their Q2 2024 earnings estimates for shares of Fairfax Financial in a report issued on Tuesday, July 23rd. Cormark analyst J. Fenwick now forecasts that the company will post earnings per share of $48.69 for the quarter, down from their previous forecast of $49.24. The consensus estimate for Fairfax Financial’s current full-year earnings is $181.63 per share. Cormark also issued estimates for Fairfax Financial’s Q3 2024 earnings at $44.97 EPS and FY2024 earnings at $182.84 EPS.

FFH has been the topic of a number of other reports. Scotiabank lifted their price objective on shares of Fairfax Financial from C$1,950.00 to C$2,000.00 in a research note on Wednesday. National Bankshares upped their price target on shares of Fairfax Financial from C$2,000.00 to C$2,100.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 30th. BMO Capital Markets increased their price objective on shares of Fairfax Financial from C$1,650.00 to C$1,800.00 in a report on Monday, May 6th. Finally, Royal Bank of Canada upped their target price on Fairfax Financial from C$1,200.00 to C$1,275.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Fairfax Financial currently has an average rating of “Buy” and a consensus target price of C$1,829.17.

Fairfax Financial Trading Up 1.7 %

Shares of FFH stock opened at C$1,575.71 on Friday. Fairfax Financial has a 1 year low of C$1,028.00 and a 1 year high of C$1,624.48. The firm has a market capitalization of C$34.37 billion, a PE ratio of 7.49, a price-to-earnings-growth ratio of 0.27 and a beta of 0.85. The stock has a fifty day moving average of C$1,553.18 and a two-hundred day moving average of C$1,480.41. The company has a debt-to-equity ratio of 37.45, a quick ratio of 0.93 and a current ratio of 3.87.

Fairfax Financial (TSE:FFH) last issued its quarterly earnings data on Thursday, May 2nd. The company reported C$41.54 earnings per share (EPS) for the quarter, missing the consensus estimate of C$55.05 by C($13.51). Fairfax Financial had a return on equity of 17.26% and a net margin of 12.26%. The business had revenue of C$10.36 billion for the quarter.

Insider Transactions at Fairfax Financial

In related news, Director David Lloyd Johnston sold 138 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of C$1,556.03, for a total transaction of C$214,732.28. In other Fairfax Financial news, Director David Lloyd Johnston sold 138 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of C$1,556.03, for a total value of C$214,732.28. Also, insider Andrew Barnard sold 500 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of C$1,150.00, for a total value of C$575,000.00. Insiders have sold 2,934 shares of company stock valued at $4,168,909 in the last quarter. Insiders own 3.65% 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.