Fairfax Financial Holdings Limited to Post Q4 2021 Earnings of $69.91 Per Share, Cormark Forecasts (TSE:FFH)

Fairfax Financial Holdings Limited (TSE:FFH) – Cormark lifted their Q4 2021 EPS estimates for Fairfax Financial in a research report issued to clients and investors on Tuesday, January 11th. Cormark analyst J. Fenwick now anticipates that the company will earn $69.91 per share for the quarter, up from their previous estimate of $66.67. Cormark also issued estimates for Fairfax Financial’s Q1 2022 earnings at $14.55 EPS, Q2 2022 earnings at $16.41 EPS, Q3 2022 earnings at $16.93 EPS, Q4 2022 earnings at $19.89 EPS, FY2022 earnings at $67.78 EPS, Q1 2023 earnings at $17.59 EPS, Q2 2023 earnings at $19.32 EPS, Q3 2023 earnings at $19.58 EPS, Q4 2023 earnings at $22.80 EPS and FY2023 earnings at $79.27 EPS.

Fairfax Financial (TSE:FFH) last released its quarterly earnings results on Thursday, November 4th. The company reported C$20.70 EPS for the quarter, beating the consensus estimate of C$10.69 by C$10.01. The business had revenue of C$8.45 billion during the quarter, compared to analyst estimates of C$7.17 billion.

Several other equities analysts also recently issued reports on FFH. National Bankshares upped their price objective on shares of Fairfax Financial from C$775.00 to C$825.00 and gave the company an “outperform” rating in a research note on Thursday, November 18th. CIBC set a C$825.00 price objective on shares of Fairfax Financial and gave the company an “outperform” rating in a research note on Saturday, December 4th. Scotiabank upped their price objective on shares of Fairfax Financial from C$775.00 to C$790.00 in a research note on Thursday, November 18th. Finally, BMO Capital Markets upped their price objective on shares of Fairfax Financial from C$650.00 to C$665.00 in a research note on Thursday, November 18th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$743.57.

FFH stock opened at C$637.49 on Thursday. The company’s 50 day simple moving average is C$588.51 and its 200-day simple moving average is C$554.72. The firm has a market capitalization of C$16.92 billion and a PE ratio of 4.26. Fairfax Financial has a 12 month low of C$440.75 and a 12 month high of C$646.92. The company has a debt-to-equity ratio of 39.46, a current ratio of 2.56 and a quick ratio of 1.67.

The business also recently declared an annual dividend, which will be paid on Thursday, January 27th. Shareholders of record on Thursday, January 20th will be paid a dividend of $12.781 per share. This represents a yield of 2.05%. The ex-dividend date is Wednesday, January 19th. Fairfax Financial’s dividend payout ratio is currently 6.69%.

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 Insurance and Reinsurance, Run-off, and Non-Insurance Companies segments.

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Earnings History and Estimates for Fairfax Financial (TSE:FFH)

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