Fairfax Financial (OTCMKTS:FRFHF) Announces Quarterly Earnings Results, Beats Expectations By $11.04 EPS

Fairfax Financial (OTCMKTS:FRFHF) released its quarterly earnings results on Thursday. The financial services provider reported $52.04 EPS for the quarter, topping analysts’ consensus estimates of $41.00 by $11.04, Zacks reports. The company had revenue of $8.26 billion for the quarter, compared to the consensus estimate of $8.57 billion. Fairfax Financial had a net margin of 14.68% and a return on equity of 16.39%.

Fairfax Financial Trading Up 0.5%

FRFHF stock traded up $7.72 during mid-day trading on Friday, reaching $1,575.53. 16,359 shares of the stock traded hands, compared to its average volume of 4,976. Fairfax Financial has a 52-week low of $1,292.50 and a 52-week high of $1,833.48. The stock’s fifty day moving average is $1,707.99 and its 200-day moving average is $1,704.37. The company has a market cap of $35.21 billion, a P/E ratio of 7.98 and a beta of 0.76. The company has a current ratio of 4.20, a quick ratio of 4.20 and a debt-to-equity ratio of 0.45.

Analysts Set New Price Targets

FRFHF has been the subject of a number of research reports. Wall Street Zen raised Fairfax Financial from a “hold” rating to a “buy” rating in a research note on Sunday, August 31st. Scotiabank reaffirmed an “outperform” rating on shares of Fairfax Financial in a research note on Wednesday, October 22nd. Raymond James Financial reaffirmed an “outperform” rating on shares of Fairfax Financial in a report on Thursday, October 16th. National Bankshares reissued an “outperform” rating on shares of Fairfax Financial in a report on Monday, October 27th. Finally, Cormark cut shares of Fairfax Financial from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, August 6th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Fairfax Financial currently has an average rating of “Moderate Buy”.

About Fairfax Financial

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.