First American Financial (FAF) to Release Quarterly Earnings on Wednesday

First American Financial (NYSE:FAF - Get Free Report) is anticipated to release its earnings data after the market closes on Wednesday, April 23rd. Analysts expect First American Financial to post earnings of $0.67 per share and revenue of $1.53 billion for the quarter. Parties that wish to register for the company's conference call can do so using this link.

First American Financial (NYSE:FAF - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The insurance provider reported $1.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.22. First American Financial had a net margin of 2.14% and a return on equity of 9.35%. On average, analysts expect First American Financial to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

First American Financial Trading Up 0.5 %

NYSE FAF traded up $0.32 during trading hours on Friday, hitting $59.24. The company's stock had a trading volume of 592,171 shares, compared to its average volume of 654,374. The company's 50-day simple moving average is $63.35 and its two-hundred day simple moving average is $63.94. The company has a market capitalization of $6.11 billion, a PE ratio of 47.39 and a beta of 1.23. First American Financial has a 52 week low of $51.60 and a 52 week high of $70.92.

First American Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $0.54 dividend. The ex-dividend date was Monday, March 10th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.65%. First American Financial's dividend payout ratio is presently 172.80%.

Insider Activity at First American Financial

In other First American Financial news, SVP Lisa W. Cornehl sold 3,057 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $65.49, for a total value of $200,202.93. Following the completion of the sale, the senior vice president now directly owns 23,825 shares of the company's stock, valued at $1,560,299.25. This trade represents a 11.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Mark Edward Seaton sold 12,679 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $64.28, for a total value of $815,006.12. Following the transaction, the chief financial officer now directly owns 195,812 shares in the company, valued at $12,586,795.36. This represents a 6.08 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 127,707 shares of company stock worth $8,136,565. 3.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Stephens raised their price objective on First American Financial from $73.00 to $78.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Keefe, Bruyette & Woods raised shares of First American Financial from a "market perform" rating to an "outperform" rating and set a $75.00 price target on the stock in a research report on Tuesday, April 8th.

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.