Fairfax Financial (OTCMKTS:FRFHF) Issues Quarterly Earnings Results

Fairfax Financial (OTCMKTS:FRFHF) announced its earnings results on Thursday. The financial services provider reported $50.42 EPS for the quarter, topping analysts’ consensus estimates of $43.72 by $6.70, Zacks reports. Fairfax Financial had a net margin of 12.47% and a return on equity of 14.43%. The business had revenue of $7.74 billion during the quarter, compared to the consensus estimate of $7.51 billion.

Fairfax Financial Trading Down 2.4 %

Shares of OTCMKTS:FRFHF opened at $1,410.00 on Friday. The business’s 50-day moving average is $1,392.35 and its 200 day moving average is $1,311.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.65 and a quick ratio of 2.45. Fairfax Financial has a 1 year low of $985.00 and a 1 year high of $1,493.52. The firm has a market capitalization of $32.25 billion, a P/E ratio of 8.97 and a beta of 0.80.

Fairfax Financial Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 16th were given a $15.00 dividend. The ex-dividend date of this dividend was Thursday, January 16th. This represents a dividend yield of 1.09%. Fairfax Financial’s payout ratio is 9.31%.

Analysts Set New Price Targets

Separately, Royal Bank of Canada boosted their price objective on shares of Fairfax Financial from $1,425.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th.

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.