Fairfax Financial (OTCMKTS:FRFHF) Issues Quarterly Earnings Results, Misses Estimates By $12.86 EPS

Fairfax Financial (OTCMKTS:FRFHF) announced its earnings results on Thursday. The financial services provider reported $31.11 earnings per share for the quarter, missing the consensus estimate of $43.97 by ($12.86), Zacks reports. Fairfax Financial had a return on equity of 16.29% and a net margin of 15.10%.

Fairfax Financial Stock Performance

Fairfax Financial stock traded up $15.05 during trading hours on Thursday, hitting $1,727.26. 2,851 shares of the stock traded hands, compared to its average volume of 9,455. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.78 and a quick ratio of 3.78. The firm’s 50 day moving average price is $1,717.84 and its 200-day moving average price is $1,725.04. The stock has a market capitalization of $37.15 billion, a price-to-earnings ratio of 8.07 and a beta of 0.58. Fairfax Financial has a 1 year low of $1,528.10 and a 1 year high of $1,949.00.

Wall Street Analyst Weigh In

FRFHF has been the topic of several research analyst reports. Zacks Research downgraded Fairfax Financial from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. BMO Capital Markets downgraded Fairfax Financial from an “outperform” rating to a “hold” rating in a research note on Wednesday, January 21st. Finally, Scotiabank reiterated an “outperform” rating on shares of Fairfax Financial in a research note on Friday, January 30th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Fairfax Financial has an average rating of “Moderate Buy”.

Fairfax Financial Company Profile

Fairfax Financial (OTCMKTS:FRFHF) is a Toronto-based financial holding company primarily engaged in property and casualty insurance, reinsurance and investment management. The company underwrites a broad range of commercial and personal insurance products, operates specialty and run-off reinsurance businesses, and manages a diversified investment portfolio largely funded by insurance float. Fairfax conducts its insurance operations through a network of subsidiaries and affiliated companies that provide local underwriting and claims services across multiple markets.

On the insurance side, Fairfax writes a mix of short-tail and long-tail coverages across specialty lines, commercial casualty, property and other niche markets, while its reinsurance activities include treaty and facultative solutions for cedants and intermediaries.