TSE:FFH Q3 EPS Estimate Increased by National Bank Financial

Fairfax Financial Holdings Limited (TSE:FFH) – Equities research analysts at National Bank Financial lifted their Q3 2024 earnings per share (EPS) estimates for Fairfax Financial in a note issued to investors on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings per share of $47.00 for the quarter, up from their previous forecast of $42.45. The consensus estimate for Fairfax Financial’s current full-year earnings is $212.30 per share. National Bank Financial also issued estimates for Fairfax Financial’s Q4 2024 earnings at $67.97 EPS, FY2024 earnings at $208.81 EPS and FY2025 earnings at $216.59 EPS.

FFH has been the topic of several other reports. National Bankshares increased their target price on Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the stock an “outperform” rating in a research report on Wednesday. Royal Bank of Canada upped their price target on shares of Fairfax Financial from C$1,325.00 to C$1,425.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Finally, Scotiabank lifted their price objective on shares of Fairfax Financial from C$1,950.00 to C$2,000.00 in a research report on Wednesday, July 24th.

Fairfax Financial Stock Up 9.1 %

Shares of Fairfax Financial stock opened at C$1,888.04 on Friday. The stock has a market capitalization of C$44.01 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 0.27 and a beta of 0.83. Fairfax Financial has a twelve month low of C$1,152.53 and a twelve month high of C$1,888.04. The company has a current ratio of 3.75, a quick ratio of 0.93 and a debt-to-equity ratio of 40.13. The business’s 50 day simple moving average is C$1,681.82 and its 200-day simple moving average is C$1,587.34.

Fairfax Financial (TSE:FFH) last issued its earnings results on Thursday, August 1st. The company reported C$50.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$51.23 by C($0.36). The business had revenue of C$10.25 billion during the quarter. Fairfax Financial had a return on equity of 17.91% and a net margin of 12.27%.

Insider Buying and Selling at Fairfax Financial

In other news, Director Brian David Young sold 4,280 shares of Fairfax Financial stock in a transaction on Friday, August 30th. The stock was sold at an average price of C$1,617.96, for a total transaction of C$6,924,875.22. In other news, Senior Officer Peter Clarke sold 2,000 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of C$1,646.93, for a total value of C$3,293,860.00. Following the transaction, the insider now directly owns 632 shares of the company’s stock, valued at approximately C$1,040,859.76. This represents a 0.00 % decrease in their ownership of the stock. Also, Director Brian David Young sold 4,280 shares of Fairfax Financial stock in a transaction on Friday, August 30th. The shares were sold at an average price of C$1,617.96, for a total value of C$6,924,875.22. Over the last ninety days, insiders sold 6,953 shares of company stock valued at $11,304,176. 3.76% of the stock is currently owned by corporate insiders.

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.