TSE:FFH Q3 EPS Forecast Lifted by National Bank Financial

Fairfax Financial Holdings Limited (TSE:FFH - Free Report) - Research analysts at National Bank Financial lifted their Q3 2024 earnings per share (EPS) estimates for Fairfax Financial in a report issued on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings per share of $47.00 for the quarter, up from their previous forecast of $42.45. 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 Q4 2024 earnings at $67.97 EPS, FY2024 earnings at $208.81 EPS and FY2025 earnings at $216.59 EPS.

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

Fairfax Financial Stock Up 8.7 %

Shares of Fairfax Financial stock traded up C$150.00 on Friday, reaching C$1,880.25. 58,740 shares of the company were exchanged, compared to its average volume of 54,540. The stock's 50 day moving average price is C$1,675.30 and its 200-day moving average price is C$1,585.26. The company has a market cap of C$43.83 billion, a P/E ratio of 8.17, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83. Fairfax Financial has a 1-year low of C$1,152.53 and a 1-year high of C$1,883.32. The company has a debt-to-equity ratio of 40.13, a current ratio of 3.75 and a quick ratio of 0.93.

Fairfax Financial (TSE:FFH - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported C$50.87 earnings per share for the quarter, missing analysts' consensus estimates of C$51.23 by C($0.36). The business had revenue of C$10.25 billion during the quarter. Fairfax Financial had a net margin of 12.27% and a return on equity of 17.91%.

Insider Buying and Selling at Fairfax Financial

In other Fairfax Financial news, Senior Officer Olivier Elie Quesnel sold 173 shares of Fairfax Financial stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$1,566.13, for a total value of C$270,940.49. Following the transaction, the insider now directly owns 202 shares in the company, valued at approximately C$316,358.26. The trade was a 0.00 % decrease in their ownership of the stock. In other news, Senior Officer Peter Clarke sold 2,000 shares of the company's stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of C$1,646.93, for a total transaction of C$3,293,860.00. Following the transaction, the insider now directly owns 632 shares of the company's stock, valued at C$1,040,859.76. This represents a 0.00 % decrease in their position. Also, Senior Officer Olivier Elie Quesnel sold 173 shares of the company's stock in a transaction that occurred 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 sale, the insider now owns 202 shares in the company, valued at approximately C$316,358.26. This represents a 0.00 % decrease in their position. Over the last quarter, insiders sold 6,953 shares of company stock worth $11,304,176. 3.76% of the stock is owned by insiders.

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.