Equities research analysts expect First American Financial Corp (NYSE:FAF) to post sales of $1.61 billion for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for First American Financial’s earnings. The lowest sales estimate is $1.60 billion and the highest is $1.62 billion. First American Financial reported sales of $1.42 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 13.4%. The firm is expected to issue its next quarterly earnings results on Thursday, February 13th.
On average, analysts expect that First American Financial will report full year sales of $6.08 billion for the current financial year, with estimates ranging from $6.08 billion to $6.09 billion. For the next year, analysts expect that the company will post sales of $6.18 billion, with estimates ranging from $6.13 billion to $6.24 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover First American Financial.
First American Financial (NYSE:FAF) last posted its quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.20. First American Financial had a net margin of 9.76% and a return on equity of 15.21%. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the company earned $1.34 earnings per share. The business’s revenue was up 8.4% compared to the same quarter last year.
A number of analysts recently weighed in on FAF shares. ValuEngine raised shares of First American Financial from a “strong sell” rating to a “sell” rating in a research note on Monday, November 4th. Zacks Investment Research downgraded First American Financial from a “buy” rating to a “hold” rating and set a $68.00 price objective on the stock. in a report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. First American Financial presently has a consensus rating of “Hold” and an average target price of $67.40.
In other news, CFO Mark Edward Seaton sold 8,069 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $61.93, for a total value of $499,713.17. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 3.00% of the company’s stock.
Large investors have recently bought and sold shares of the company. Usca Ria LLC acquired a new stake in shares of First American Financial during the 3rd quarter worth $29,000. NewSquare Capital LLC bought a new position in First American Financial in the second quarter worth approximately $41,000. Penserra Capital Management LLC increased its stake in shares of First American Financial by 25.0% during the third quarter. Penserra Capital Management LLC now owns 790 shares of the insurance provider’s stock valued at $46,000 after buying an additional 158 shares during the period. NEXT Financial Group Inc increased its stake in shares of First American Financial by 235.0% during the third quarter. NEXT Financial Group Inc now owns 1,005 shares of the insurance provider’s stock valued at $59,000 after buying an additional 705 shares during the period. Finally, Signaturefd LLC raised its holdings in shares of First American Financial by 22.5% in the second quarter. Signaturefd LLC now owns 1,136 shares of the insurance provider’s stock valued at $61,000 after acquiring an additional 209 shares in the last quarter. Institutional investors own 82.57% of the company’s stock.
Shares of NYSE:FAF traded down $0.31 during midday trading on Thursday, reaching $63.00. 420,600 shares of the company’s stock were exchanged, compared to its average volume of 617,025. The company’s 50 day simple moving average is $62.12 and its two-hundred day simple moving average is $57.74. The firm has a market capitalization of $7.10 billion, a PE ratio of 13.76 and a beta of 0.87. First American Financial has a 12 month low of $42.53 and a 12 month high of $64.37.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, December 6th. This represents a $1.68 annualized dividend and a yield of 2.67%. First American Financial’s dividend payout ratio is currently 36.68%.
First American Financial Company Profile
First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Specialty Insurance segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services.
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