First American Financial (NYSE:FAF) Announces Earnings Results
First American Financial (NYSE:FAF) posted its earnings results on Thursday. The insurance provider reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.45, Briefing.com reports. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.66 billion. First American Financial had a return on equity of 15.21% and a net margin of 9.76%. First American Financial’s revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.27 earnings per share.
NYSE:FAF traded up $0.16 during mid-day trading on Friday, hitting $65.49. The company’s stock had a trading volume of 989,421 shares, compared to its average volume of 713,304. First American Financial has a 1 year low of $48.30 and a 1 year high of $66.40. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of 12.92 and a beta of 0.85. The business’s fifty day moving average is $60.22 and its two-hundred day moving average is $60.01.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.69%. This is a positive change from First American Financial’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, March 6th. First American Financial’s dividend payout ratio is presently 36.68%.
First American Financial Company Profile
First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Specialty Insurance segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services.
See Also: Inverted Yield Curve
Receive News & Ratings for First American Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First American Financial and related companies with MarketBeat.com's FREE daily email newsletter.