Fairfax Financial (OTCMKTS:FRFHF) Announces Earnings Results, Beats Expectations By $1.36 EPS

Fairfax Financial (OTCMKTS:FRFHF - Get Free Report) announced its earnings results on Thursday. The financial services provider reported $61.61 earnings per share for the quarter, beating analysts' consensus estimates of $60.25 by $1.36, Zacks reports. The business had revenue of $9.18 billion for the quarter, compared to the consensus estimate of $9.30 billion. Fairfax Financial had a net margin of 14.68% and a return on equity of 16.67%.

Fairfax Financial Stock Down 1.7%

Shares of FRFHF stock traded down $29.32 during mid-day trading on Friday, reaching $1,744.94. 6,921 shares of the company's stock traded hands, compared to its average volume of 3,588. Fairfax Financial has a 12 month low of $1,027.00 and a 12 month high of $1,833.48. The company has a market cap of $39.49 billion, a P/E ratio of 8.84 and a beta of 0.79. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.44. The company's 50-day moving average price is $1,756.11 and its 200-day moving average price is $1,558.07.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FRFHF. BMO Capital Markets reaffirmed an "outperform" rating on shares of Fairfax Financial in a research note on Monday, May 5th. Raymond James Financial upgraded shares of Fairfax Financial to a "moderate buy" rating in a research report on Thursday, April 10th. Royal Bank Of Canada upgraded shares of Fairfax Financial to a "moderate buy" rating in a research report on Wednesday, June 18th. National Bankshares reiterated an "outperform" rating on shares of Fairfax Financial in a research report on Wednesday, April 30th. Finally, Wall Street Zen upgraded shares of Fairfax Financial from a "buy" rating to a "strong-buy" rating in a research report on Monday, July 28th. Two research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $1,500.00.

Read Our Latest Report on Fairfax Financial

Fairfax Financial Company Profile

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.

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