Equities research analysts expect First American Financial Corp (NYSE:FAF) to post sales of $1.47 billion for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for First American Financial’s earnings, with the lowest sales estimate coming in at $1.46 billion and the highest estimate coming in at $1.47 billion. First American Financial posted sales of $1.48 billion during the same quarter last year, which would indicate a negative year over year growth rate of 0.7%. The business is scheduled to report its next earnings report on Thursday, February 14th.

According to Zacks, analysts expect that First American Financial will report full year sales of $5.80 billion for the current year, with estimates ranging from $5.79 billion to $5.80 billion. For the next year, analysts expect that the business will post sales of $5.77 billion, with estimates ranging from $5.69 billion to $5.85 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow First American Financial.

First American Financial (NYSE:FAF) last released its quarterly earnings data on Thursday, October 25th. The insurance provider reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.02). First American Financial had a return on equity of 13.68% and a net margin of 10.39%. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.55 billion.

Several research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of First American Financial from a “hold” rating to a “sell” rating in a research note on Friday, January 4th. ValuEngine raised shares of First American Financial from a “sell” rating to a “hold” rating in a research note on Friday, January 4th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $57.50.

First American Financial stock traded up $0.21 during midday trading on Friday, hitting $47.44. 687,918 shares of the stock were exchanged, compared to its average volume of 595,317. First American Financial has a 52 week low of $41.96 and a 52 week high of $62.71. The firm has a market capitalization of $5.23 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 0.94 and a beta of 0.84.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC raised its holdings in shares of First American Financial by 10.3% in the third quarter. FMR LLC now owns 7,658,550 shares of the insurance provider’s stock valued at $395,105,000 after purchasing an additional 714,586 shares during the last quarter. AQR Capital Management LLC increased its holdings in First American Financial by 21.6% during the third quarter. AQR Capital Management LLC now owns 1,986,686 shares of the insurance provider’s stock worth $102,493,000 after buying an additional 352,425 shares during the last quarter. Pictet Asset Management Ltd. acquired a new position in First American Financial during the third quarter worth $17,025,000. Vanguard Group Inc increased its holdings in First American Financial by 3.0% during the third quarter. Vanguard Group Inc now owns 11,076,254 shares of the insurance provider’s stock worth $571,423,000 after buying an additional 327,142 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in First American Financial by 3.0% during the third quarter. Vanguard Group Inc. now owns 11,076,254 shares of the insurance provider’s stock worth $571,423,000 after buying an additional 327,142 shares during the last quarter. 84.49% of the stock is currently owned by hedge funds and other institutional investors.

About First American Financial

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.

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