Fairfax Financial (OTCMKTS:FRFHF) Issues Earnings Results, Beats Estimates By $6.70 EPS

Fairfax Financial (OTCMKTS:FRFHF) issued its quarterly earnings data on Thursday. The financial services provider reported $50.42 earnings per share for the quarter, beating analysts’ consensus estimates of $43.72 by $6.70, Zacks reports. Fairfax Financial had a return on equity of 15.21% and a net margin of 13.40%. The company had revenue of $7.74 billion during the quarter.

Fairfax Financial Stock Performance

Shares of Fairfax Financial stock traded up $56.15 during trading hours on Friday, hitting $1,463.92. 7,694 shares of the company were exchanged, compared to its average volume of 3,730. The business has a 50-day moving average of $1,388.13 and a 200-day moving average of $1,300.11. Fairfax Financial has a 1 year low of $985.00 and a 1 year high of $1,493.52. The stock has a market capitalization of $33.51 billion, a price-to-earnings ratio of 8.95 and a beta of 0.80. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.39.

Fairfax Financial Dividend Announcement

The business also recently declared an annual dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 16th were paid a dividend of $15.00 per share. This represents a dividend yield of 1.09%. The ex-dividend date was Thursday, January 16th. Fairfax Financial’s dividend payout ratio (DPR) is presently 9.17%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada boosted their price objective on Fairfax Financial from $1,425.00 to $1,500.00 and gave the company an “outperform” rating in a research note on Monday, November 4th.

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.