First American Financial (FAF) Scheduled to Post Earnings on Wednesday

First American Financial (NYSE:FAF) will announce its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.84 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

First American Financial (NYSE:FAF) last posted its earnings results on Thursday, February 8th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.06). The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.47 billion. First American Financial had a net margin of 3.61% and a return on equity of 8.27%. First American Financial’s quarterly revenue was down 15.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.35 EPS. On average, analysts expect First American Financial to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

First American Financial Stock Performance

First American Financial stock opened at $57.09 on Tuesday. First American Financial has a one year low of $49.55 and a one year high of $65.54. The stock’s 50 day moving average price is $57.73 and its 200 day moving average price is $58.27. The firm has a market capitalization of $5.91 billion, a PE ratio of 27.45 and a beta of 1.28.

First American Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 8th were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.71%. First American Financial’s payout ratio is currently 101.92%.

Analysts Set New Price Targets

A number of brokerages have commented on FAF. Deutsche Bank Aktiengesellschaft began coverage on shares of First American Financial in a report on Wednesday, January 10th. They issued a “buy” rating on the stock. Keefe, Bruyette & Woods upgraded First American Financial from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $66.00 to $69.00 in a research note on Thursday, March 21st. TheStreet lowered First American Financial from a “b-” rating to a “c+” rating in a research note on Tuesday, March 12th. Finally, Stephens reaffirmed an “overweight” rating and issued a $73.00 target price on shares of First American Financial in a research report on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $68.00.

About First American Financial

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.