First American Financial Corp. (FAF) Posts Quarterly Results
First American Financial Corp. (NYSE:FAF) issued its quarterly earnings data on Thursday. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.02, Stock Ratings Network reports. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the company posted $0.95 earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis.
Shares of First American Financial Corp. (NYSE:FAF) opened at 25.72 on Thursday. First American Financial Corp. has a one year low of $20.39 and a one year high of $27.40. The stock has a 50-day moving average of $21.95 and a 200-day moving average of $23.66. The company has a market cap of $2.751 billion and a price-to-earnings ratio of 10.43.
A number of analysts have recently weighed in on FAF shares. Analysts at Janney Montgomery Scott initiated coverage on shares of First American Financial Corp. in a research note to investors on Friday, October 18th. They set a “buy” rating on the stock. Finally, analysts at Sandler O’Neill downgraded shares of First American Financial Corp. from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, October 8th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $26.33.
First American Financial Corporation, through its subsidiaries, is engaged in the business of providing financial services through its title insurance and services segment and its specialty insurance segment.
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