Fairfax Financial (FRFHF) Expected to Announce Quarterly Earnings on Tuesday

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

Fairfax Financial Price Performance

Fairfax Financial stock opened at $1,792.00 on Monday. The company has a market capitalization of $37.26 billion, a PE ratio of 8.78 and a beta of 0.45. The company has a debt-to-equity ratio of 0.46, a quick ratio of 3.60 and a current ratio of 3.60. Fairfax Financial has a fifty-two week low of $1,500.00 and a fifty-two week high of $1,949.00. The firm has a 50 day moving average price of $1,642.09 and a 200 day moving average price of $1,668.61.

Analyst Ratings Changes

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

About Fairfax Financial

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.