Brokers Offer Predictions for TSE:FFH FY2024 Earnings

Fairfax Financial Holdings Limited (TSE:FFH - Free Report) - National Bank Financial reduced their FY2024 EPS estimates for shares of Fairfax Financial in a research report issued to clients and investors on Thursday, October 31st. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings per share of $208.38 for the year, down from their previous estimate of $208.81. 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 Q3 2025 earnings at $51.39 EPS and FY2026 earnings at $230.90 EPS.

A number of other brokerages have also recently issued reports on FFH. National Bankshares raised 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 research note on Wednesday, October 30th. Cormark raised their price target on Fairfax Financial from C$1,800.00 to C$2,125.00 in a research report on Monday. Scotiabank boosted their price objective on Fairfax Financial from C$2,100.00 to C$2,200.00 in a research report on Monday. Royal Bank of Canada raised their target price on shares of Fairfax Financial from C$1,325.00 to C$1,425.00 and gave the stock an "outperform" rating in a report on Thursday, October 3rd. Finally, BMO Capital Markets upped their price target on shares of Fairfax Financial from C$1,850.00 to C$2,200.00 in a report on Monday.

Fairfax Financial Trading Down 3.9 %

Shares of FFH traded down C$72.82 during mid-day trading on Monday, reaching C$1,815.22. The company's stock had a trading volume of 47,615 shares, compared to its average volume of 54,560. The stock has a market cap of C$42.31 billion, a PE ratio of 8.08, a P/E/G ratio of 0.27 and a beta of 0.83. The company's fifty day moving average price is C$1,687.31 and its two-hundred day moving average price is C$1,590.26. Fairfax Financial has a 52 week low of C$1,171.70 and a 52 week high of C$1,890.36. The company has a current ratio of 3.75, a quick ratio of 0.93 and a debt-to-equity ratio of 40.13.

Fairfax Financial (TSE:FFH - Get Free Report) last released its earnings results 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 firm had revenue of C$10.25 billion during the quarter. Fairfax Financial had a return on equity of 17.91% and a net margin of 12.27%.

Insider Activity

In related news, Senior Officer Peter Clarke sold 2,000 shares of Fairfax Financial stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of C$1,646.93, for a total value of C$3,293,860.00. Following the sale, the insider now owns 632 shares in the company, valued at C$1,040,859.76. The trade was a 0.00 % decrease in their ownership of the stock. In related news, Director Brian David Young sold 4,280 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of C$1,617.96, for a total value of C$6,924,875.22. Also, Senior Officer Peter Clarke sold 2,000 shares of Fairfax Financial stock in a transaction dated 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 approximately C$1,040,859.76. This trade represents a 0.00 % decrease in their ownership of the stock. Over the last three months, insiders have sold 6,953 shares of company stock valued at $11,304,176. Company insiders own 3.76% of the company's stock.

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.