Fairfax Financial (OTCMKTS:FRFHF) Announces Earnings Results, Beats Expectations By $1.36 EPS

Fairfax Financial (OTCMKTS:FRFHF - Get Free Report) announced its earnings results on Thursday. The financial services provider reported $61.61 earnings per share for the quarter, beating analysts' consensus estimates of $60.25 by $1.36, Zacks reports. The business had revenue of $9.18 billion for the quarter, compared to the consensus estimate of $9.30 billion. Fairfax Financial had a net margin of 14.68% and a return on equity of 16.67%.Get Fairfax Financial alerts:Fairfax Financial Stock Down 1.7%Shares of FRFHF stock traded down $29.32 during mid-day trading on Friday, reaching $1,744.94. 6,921 shares of the company's stock traded hands, compared to its average volume of 3,588. Fairfax Financial has a 12 month low of $1,027.00 and a 12 month high of $1,833.48. The company has a market cap of $39.49 billion, a P/E ratio of 8.84 and a beta of 0.79. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.44. The company's 50-day moving average price is $1,756.11 and its 200-day moving average price is $1,558.07. Wall Street Analysts Forecast GrowthA number of brokerages recently weighed in on FRFHF. BMO Capital Markets reaffirmed an "outperform" rating on shares of Fairfax Financial in a research note on Monday, May 5th. Raymond James Financial upgraded shares of Fairfax Financial to a "moderate buy" rating in a research report on Thursday, April 10th. Royal Bank Of Canada upgraded shares of Fairfax Financial to a "moderate buy" rating in a research report on Wednesday, June 18th. National Bankshares reiterated an "outperform" rating on shares of Fairfax Financial in a research report on Wednesday, April 30th. Finally, Wall Street Zen upgraded shares of Fairfax Financial from a "buy" rating to a "strong-buy" rating in a research report on Monday, July 28th. Two research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $1,500.00.Read Our Latest Report on Fairfax FinancialFairfax Financial Company Profile (Get Free Report)Fairfax Financial Holdings Limited, through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, Asia, and internationally. The company operates through Property and Casualty Insurance and Reinsurance, Life insurance and Run-off, and Non-Insurance Companies segments.Featured ArticlesFive stocks we like better than Fairfax Financial3 Defense Stocks Set to Benefit From Increased Military SpendingBitcoin and Dividends: A Winning Combo in These 3 ETFsAre Penny Stocks a Good Fit for Your Portfolio?Is PG&E an AI Power Play? Why Options Traders Are Betting BigAsset Allocation Strategies in Volatile MarketsMarketBeat Week in Review – 07/28 - 08/01This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Fairfax Financial Right Now?Before you consider Fairfax Financial, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fairfax Financial wasn't on the list.While Fairfax Financial currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here