Fairfax Financial (OTCMKTS:FRFHF) Announces Quarterly Earnings Results

Fairfax Financial (OTCMKTS:FRFHF) posted its earnings results on Thursday. The financial services provider reported $50.42 earnings per share for the quarter, beating the consensus estimate of $43.72 by $6.70, Zacks reports. The company had revenue of $7.74 billion for the quarter. Fairfax Financial had a return on equity of 15.21% and a net margin of 13.40%.

Fairfax Financial Price Performance

Shares of FRFHF traded up $56.15 during trading hours on Friday, reaching $1,463.92. 7,694 shares of the company traded hands, compared to its average volume of 3,730. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $33.51 billion, a PE ratio of 8.95 and a beta of 0.80. Fairfax Financial has a fifty-two week low of $985.00 and a fifty-two week high of $1,493.52. The stock has a fifty day simple moving average of $1,388.13 and a 200 day simple moving average of $1,300.11.

Fairfax Financial Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Thursday, January 23rd. Investors of record on Thursday, January 16th were paid a dividend of $15.00 per share. This represents a dividend yield of 1.09%. The ex-dividend date was Thursday, January 16th. Fairfax Financial’s payout ratio is currently 9.17%.

Analysts Set New Price Targets

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

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.