Q2 2024 Earnings Estimate for Fairfax Financial Holdings Limited (TSE:FFH) Issued By National Bank Financial

Fairfax Financial Holdings Limited (TSE:FFH) – Equities research analysts at National Bank Financial decreased their Q2 2024 earnings per share (EPS) estimates for Fairfax Financial in a note issued to investors on Sunday, May 5th. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings per share of $46.06 for the quarter, down from their previous forecast of $61.52. The consensus estimate for Fairfax Financial’s current full-year earnings is $193.64 per share. National Bank Financial also issued estimates for Fairfax Financial’s Q3 2024 earnings at $59.49 EPS, FY2024 earnings at $200.93 EPS and FY2025 earnings at $210.43 EPS.

A number of other analysts have also recently weighed in on FFH. Scotiabank dropped their price target on Fairfax Financial from C$2,000.00 to C$1,950.00 and set an “outperform” rating on the stock in a research report on Monday. BMO Capital Markets upped their price objective on Fairfax Financial from C$1,650.00 to C$1,800.00 in a research note on Monday. National Bankshares raised their target price on Fairfax Financial from C$2,000.00 to C$2,100.00 and gave the company an “outperform” rating in a research note on Tuesday, April 30th. Cormark upped their price target on shares of Fairfax Financial from C$1,600.00 to C$1,800.00 in a research report on Thursday, April 18th. Finally, Royal Bank of Canada increased their price objective on shares of Fairfax Financial from C$1,200.00 to C$1,275.00 and gave the stock an “outperform” rating in a report on Monday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$1,820.83.

Fairfax Financial Stock Performance

Shares of TSE FFH opened at C$1,552.23 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 3.87 and a debt-to-equity ratio of 37.45. The firm’s 50-day moving average price is C$1,492.10 and its two-hundred day moving average price is C$1,342.76. Fairfax Financial has a 52-week low of C$911.02 and a 52-week high of C$1,563.67. The stock has a market capitalization of C$34.27 billion, a P/E ratio of 7.31, a P/E/G ratio of 0.27 and a beta of 0.86.

Fairfax Financial (TSE:FFH) last posted its quarterly earnings results on Thursday, February 15th. The company reported C$71.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$81.40 by C($9.42). Fairfax Financial had a return on equity of 17.26% and a net margin of 12.26%. The business had revenue of C$9.40 billion during the quarter, compared to the consensus estimate of C$10.25 billion.

Insider Transactions at Fairfax Financial

In related news, insider Andrew Barnard sold 439 shares of Fairfax Financial stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of C$1,136.00, for a total transaction of C$498,704.00. In other news, Director Brian Johnston Porter bought 100 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was purchased at an average cost of C$1,509.40 per share, for a total transaction of C$150,940.00. Following the completion of the transaction, the director now directly owns 950 shares of the company’s stock, valued at approximately C$1,433,930. Also, insider Andrew Barnard sold 439 shares of Fairfax Financial stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of C$1,136.00, for a total value of C$498,704.00. Over the last quarter, insiders acquired 190 shares of company stock valued at $273,877 and sold 5,011 shares valued at $6,334,563. Company insiders own 3.65% of the company’s stock.

Fairfax Financial Company Profile

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.