Fairfax Financial Holdings Limited (TSE:FFH) Expected to Post Q1 2023 Earnings of $22.59 Per Share

Fairfax Financial Holdings Limited (TSE:FFH – Get Rating) – Investment analysts at National Bank Financial lifted their Q1 2023 EPS estimates for shares of Fairfax Financial in a report released on Monday, August 1st. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings per share of $22.59 for the quarter, up from their previous estimate of $22.28. The consensus estimate for Fairfax Financial’s current full-year earnings is $85.69 per share.

Other equities research analysts have also recently issued research reports about the stock. Cormark raised their price objective on shares of Fairfax Financial from C$735.00 to C$860.00 and gave the company an “outperform” rating in a research report on Monday, May 2nd. BMO Capital Markets raised their price objective on shares of Fairfax Financial from C$760.00 to C$780.00 in a research report on Friday, April 29th. National Bankshares raised their price objective on shares of Fairfax Financial from C$1,000.00 to C$1,050.00 and gave the company an “outperform” rating in a research report on Friday, April 29th. Scotiabank raised their price objective on shares of Fairfax Financial from C$845.00 to C$860.00 in a research report on Tuesday. Finally, Royal Bank of Canada lowered their price target on shares of Fairfax Financial from C$750.00 to C$725.00 and set an “outperform” rating for the company in a research report on Tuesday.

Fairfax Financial Trading Up 0.5 %

FFH opened at C$674.25 on Wednesday. The company has a current ratio of 1.86, a quick ratio of 1.01 and a debt-to-equity ratio of 38.99. The stock has a market capitalization of C$16.78 billion and a PE ratio of 30.29. Fairfax Financial has a 1-year low of C$493.00 and a 1-year high of C$716.59. The firm has a 50-day moving average price of C$675.59 and a two-hundred day moving average price of C$658.34.

About Fairfax Financial

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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 Insurance and Reinsurance, Run-off, and Non-Insurance Companies segments.