National Bank Financial Comments on TSE:FFH FY2024 Earnings

Fairfax Financial Holdings Limited (TSE:FFH) – Investment analysts at National Bank Financial cut their FY2024 EPS estimates for Fairfax Financial in a research report issued on Thursday, October 31st. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings of $208.38 per share for the year, down from their prior estimate of $208.81. 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 Q3 2025 earnings at $51.39 EPS and FY2026 earnings at $230.90 EPS.

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

A number of other analysts also recently weighed in on the company. National Bankshares lifted their price target on Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Scotiabank increased their price target on shares of Fairfax Financial from C$1,950.00 to C$2,000.00 in a research report on Wednesday, July 24th. Finally, Royal Bank of Canada upped their target price on Fairfax Financial from C$1,325.00 to C$1,425.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd.

Fairfax Financial Trading Up 9.1 %

Shares of Fairfax Financial stock opened at C$1,888.04 on Monday. Fairfax Financial has a 52-week low of C$1,152.53 and a 52-week high of C$1,888.04. The company’s 50-day simple moving average is C$1,681.82 and its 200-day simple moving average is C$1,587.94. The firm has a market cap of C$44.01 billion, a price-to-earnings ratio of 8.41, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83. The company has a quick ratio of 0.93, a current ratio of 3.75 and a debt-to-equity ratio of 40.13.

Insider Buying and Selling at Fairfax Financial

In related news, Senior Officer Olivier Elie Quesnel sold 173 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$1,566.13, for a total value of C$270,940.49. Following the completion of the transaction, the insider now directly owns 202 shares in the company, valued at approximately C$316,358.26. This represents a 0.00 % decrease in their ownership of the stock. In related news, Director F. Brian Bradstreet sold 500 shares of Fairfax Financial stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of C$1,629.00, for a total value of C$814,500.00. Also, Senior Officer Olivier Elie Quesnel sold 173 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of C$1,566.13, for a total value of C$270,940.49. Following the sale, the insider now owns 202 shares of the company’s stock, valued at C$316,358.26. This represents a 0.00 % decrease in their ownership of the stock. In the last three months, insiders sold 6,953 shares of company stock worth $11,304,176. Insiders own 3.76% 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.