First American Financial (NYSE:FAF – Get Free Report) posted its earnings results on Wednesday. The insurance provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.15 by $0.19, Briefing.com reports. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.66 billion. First American Financial had a return on equity of 7.98% and a net margin of 3.28%. First American Financial’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.22 earnings per share.
First American Financial Stock Up 0.2 %
Shares of NYSE:FAF opened at $63.91 on Friday. The company has a market cap of $6.63 billion, a P/E ratio of 30.58 and a beta of 1.29. First American Financial has a 52 week low of $49.55 and a 52 week high of $67.88. The company has a 50-day moving average price of $64.69 and a 200 day moving average price of $59.06.
First American Financial Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 20th were given a $0.54 dividend. The ex-dividend date was Friday, September 20th. This represents a $2.16 dividend on an annualized basis and a yield of 3.38%. This is an increase from First American Financial’s previous quarterly dividend of $0.53. First American Financial’s dividend payout ratio (DPR) is presently 103.35%.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on First American Financial
First American Financial Company Profile
First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Home Warranty segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services internationally.
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