Fairfax Financial (FRFHF) Projected to Release Earnings on Tuesday

Fairfax Financial (OTCMKTS:FRFHF) is projected to release its results after the market closes on Tuesday, November 3rd. Analysts expect Fairfax Financial to announce earnings of $29.47 per share and revenue of $8.42 billion for the quarter.

Fairfax Financial Stock Performance

FRFHF stock opened at $1,792.00 on Friday. Fairfax Financial has a twelve month low of $1,500.00 and a twelve month high of $1,949.00. The stock has a market capitalization of $37.27 billion, a price-to-earnings ratio of 8.78 and a beta of 0.45. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.46. The firm’s fifty day simple moving average is $1,642.09 and its two-hundred day simple moving average is $1,668.61.

Analysts Set New Price Targets

Several equities analysts recently commented on FRFHF shares. Zacks Research downgraded shares of Fairfax Financial from a “hold” rating to a “strong sell” rating in a report on Monday, October 5th. Scotiabank reaffirmed an “outperform” rating on shares of Fairfax Financial in a research note on Friday, July 24th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Fairfax Financial in a research report on Friday, October 16th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Fairfax Financial Company Profile

Fairfax Financial Holdings Limited is a Toronto-based holding company engaged primarily in property and casualty insurance and reinsurance. Through its operating subsidiaries, the company provides commercial and personal insurance products, specialty coverage, and reinsurance solutions to businesses, institutions, and individuals.

Fairfax’s insurance operations include companies such as Odyssey Group, Allied World, Brit, Northbridge Insurance, Crum & Forster, and Zenith. Its businesses serve customers across Canada, the United States, Europe, and other international markets.