First National Financial (FN) to Release Earnings on Tuesday

First National Financial (TSE:FN) is scheduled to announce its earnings results after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of C$1.09 per share for the quarter.

First National Financial (TSE:FN) last announced its quarterly earnings results on Tuesday, July 30th. The company reported C$0.89 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.93 by C($0.04). The company had revenue of C$205.45 million during the quarter, compared to the consensus estimate of C$227.10 million. First National Financial had a net margin of 32.60% and a return on equity of 30.22%.

First National Financial Stock Performance

TSE FN opened at C$40.15 on Tuesday. The firm has a market cap of C$2.41 billion, a price-to-earnings ratio of 10.57, a PEG ratio of 0.70 and a beta of 1.04. The company has a current ratio of 8.92, a quick ratio of 10.11 and a debt-to-equity ratio of 6,280.61. First National Financial has a 1-year low of C$32.86 and a 1-year high of C$41.41. The company has a 50 day moving average of C$38.27 and a 200-day moving average of C$37.25.

First National Financial Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a $0.204 dividend. This represents a $2.45 annualized dividend and a dividend yield of 6.10%. The ex-dividend date of this dividend is Thursday, October 31st. First National Financial’s dividend payout ratio is 64.47%.

Wall Street Analysts Forecast Growth

Separately, Scotiabank increased their price target on First National Financial from C$41.00 to C$44.00 in a research report on Wednesday, July 24th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$40.67.

Insider Activity

In other First National Financial news, insider FNSC Holdings Inc. acquired 25,774 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were bought at an average cost of C$38.81 per share, with a total value of C$1,000,288.94. Insiders own 71.45% of the company’s stock.

About First National Financial

First National Financial Corporation, together with its subsidiaries, originates, underwrites, and services commercial and residential mortgages in Canada. It operates in two segments, Residential and Commercial segments. The company offers single-family and multi-unit residential, and commercial mortgages.