Fairfax Financial (OTCMKTS:FRFHF - Get Free Report) announced its quarterly earnings data on Thursday. The financial services provider reported $50.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $43.72 by $6.70, Zacks reports. The business had revenue of $7.74 billion during the quarter, compared to the consensus estimate of $7.51 billion. Fairfax Financial had a net margin of 13.40% and a return on equity of 15.21%.
Fairfax Financial Stock Up 4.0 %
OTCMKTS:FRFHF traded up $56.15 during mid-day trading on Monday, reaching $1,463.92. The company's stock had a trading volume of 7,694 shares, compared to its average volume of 3,730. Fairfax Financial has a 1 year low of $985.00 and a 1 year high of $1,493.52. The stock has a fifty day moving average of $1,389.04 and a 200-day moving average of $1,304.31. The firm has a market capitalization of $33.51 billion, a PE ratio of 8.95 and a beta of 0.80. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.39.
Fairfax Financial Dividend Announcement
The company also recently announced an annual dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 16th were issued a $15.00 dividend. This represents a dividend yield of 1.09%. The ex-dividend date was Thursday, January 16th. Fairfax Financial's dividend payout ratio is 9.17%.
Analyst Upgrades and Downgrades
Separately, Royal Bank of Canada upped their price objective on Fairfax Financial from $1,425.00 to $1,500.00 and gave the company an "outperform" rating in a research report on Monday, November 4th.
Read Our Latest Analysis on FRFHF
About Fairfax Financial
(
Get Free Report)
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.
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