First American Financial (NYSE:FAF – Get Free Report) posted its quarterly earnings data on Thursday. The insurance provider reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.22), Briefing.com reports. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.42 billion. First American Financial had a return on equity of 8.18% and a net margin of 3.64%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the company earned $0.49 earnings per share.
First American Financial Stock Performance
NYSE:FAF traded down $0.05 during midday trading on Friday, reaching $54.22. 851,775 shares of the stock traded hands, compared to its average volume of 660,268. The business has a 50-day moving average of $57.50 and a two-hundred day moving average of $58.27. First American Financial has a 12-month low of $49.55 and a 12-month high of $65.54. The stock has a market capitalization of $5.62 billion, a PE ratio of 25.94 and a beta of 1.28.
First American Financial Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 8th were paid a $0.53 dividend. The ex-dividend date was Thursday, March 7th. This represents a $2.12 annualized dividend and a yield of 3.91%. First American Financial’s dividend payout ratio (DPR) is presently 101.44%.
Analysts Set New Price Targets
Check Out Our Latest Analysis on First American Financial
About First American Financial
First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Home Warranty segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services internationally.
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