First American Financial Corp. (FAF) Set to Announce Quarterly Earnings on Thursday
First American Financial Corp. (NYSE:FAF) is scheduled to be releasing its Q316 earnings data on Thursday, October 20th. Analysts expect First American Financial Corp. to post earnings of $0.88 per share and revenue of $1.44 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.
First American Financial Corp. (NYSE:FAF) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. The firm earned $1.36 billion during the quarter, compared to the consensus estimate of $1.37 billion. First American Financial Corp. had a return on equity of 11.13% and a net margin of 5.88%. First American Financial Corp.’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.85 earnings per share. On average, analysts expect First American Financial Corp. to post $3.00 EPS for the current fiscal year and $3.00 EPS for the next fiscal year.
First American Financial Corp. (NYSE:FAF) opened at 40.57 on Wednesday. First American Financial Corp. has a one year low of $31.74 and a one year high of $43.55. The stock has a market cap of $4.45 billion, a P/E ratio of 14.34 and a beta of 0.66. The company has a 50-day moving average price of $40.82 and a 200-day moving average price of $39.44.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/19/first-american-financial-corp-faf-set-to-announce-quarterly-earnings-on-thursday.html
In other First American Financial Corp. news, Director Mark C. Oman acquired 2,700 shares of First American Financial Corp. stock in a transaction dated Thursday, August 18th. The stock was bought at an average cost of $42.08 per share, for a total transaction of $113,616.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 3.20% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. increased its position in First American Financial Corp. by 2.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,226,193 shares of the company’s stock worth $129,757,000 after buying an additional 85,633 shares in the last quarter. Allianz Asset Management AG increased its position in First American Financial Corp. by 0.5% in the second quarter. Allianz Asset Management AG now owns 1,358,754 shares of the company’s stock worth $54,650,000 after buying an additional 6,197 shares in the last quarter. Citadel Advisors LLC increased its position in First American Financial Corp. by 16.3% in the second quarter. Citadel Advisors LLC now owns 712,468 shares of the company’s stock worth $28,655,000 after buying an additional 99,732 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in First American Financial Corp. by 9.8% in the second quarter. TIAA CREF Investment Management LLC now owns 387,981 shares of the company’s stock worth $15,605,000 after buying an additional 34,750 shares in the last quarter. Finally, Carlson Capital L P acquired a new position in First American Financial Corp. during the second quarter worth approximately $8,925,000. Institutional investors own 86.66% of the company’s stock.
A number of analysts recently issued reports on the company. Piper Jaffray Cos. reissued a “neutral” rating and set a $45.00 price objective (up previously from $42.00) on shares of First American Financial Corp. in a research report on Monday, July 25th. Zacks Investment Research cut First American Financial Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, September 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $43.00.
About First American Financial Corp.
First American Financial Corporation is a holding company. Through its subsidiaries, the Company is engaged in the business of providing financial services. The Company’s segments include Title Insurance and Services, Specialty Insurance and corporate function. The Company’s title insurance and services segment issues title insurance policies on residential and commercial property in the United States and offers similar or related products and services internationally.
Receive News & Ratings for First American Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First American Financial Corp. and related companies with MarketBeat.com's FREE daily email newsletter.