First American Financial (NYSE:FAF) Releases Earnings Results, Beats Estimates By $0.14 EPS

First American Financial (NYSE:FAF) announced its quarterly earnings results on Wednesday. The insurance provider reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.14, Briefing.com reports. First American Financial had a return on equity of 8.02% and a net margin of 3.28%. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the company posted $1.35 earnings per share. First American Financial’s revenue was down 2.1% compared to the same quarter last year.

First American Financial Trading Up 2.1 %

Shares of FAF stock traded up $1.22 on Friday, hitting $59.26. 362,577 shares of the stock were exchanged, compared to its average volume of 640,063. The firm has a market capitalization of $6.15 billion, a PE ratio of 28.23 and a beta of 1.28. First American Financial has a one year low of $49.55 and a one year high of $65.54. The firm’s 50 day moving average is $54.87 and its two-hundred day moving average is $56.96.

First American Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Monday, June 10th. This represents a $2.12 annualized dividend and a dividend yield of 3.58%. First American Financial’s payout ratio is 101.44%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FAF shares. Barclays decreased their price target on First American Financial from $65.00 to $61.00 and set an “equal weight” rating for the company in a report on Tuesday, July 9th. Truist Financial upped their price objective on First American Financial from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Friday. Stephens restated an “overweight” rating and issued a $66.00 price objective on shares of First American Financial in a research note on Thursday. Finally, Keefe, Bruyette & Woods reduced their price objective on First American Financial from $67.00 to $63.00 and set an “outperform” rating for the company in a research note on Tuesday, July 2nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $64.50.

First American Financial Company Profile

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.