The First American Financial Corp. (FAF) to Release Earnings on Thursday

The First American Financial Corp. (FAF) to Release Earnings on Thursday

First American Financial Corp. (NYSE:FAF) is scheduled to be releasing its Q316 earnings data on Thursday, October 20th. Analysts expect First American Financial Corp. to post earnings of $0.88 per share and revenue of $1.44 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

First American Financial Corp. (NYSE:FAF) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.83 by $0.04. First American Financial Corp. had a net margin of 5.88% and a return on equity of 11.13%. The company earned $1.36 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the previous year, the business posted $0.85 EPS. The firm’s revenue was up 2.8% on a year-over-year basis. On average, analysts expect First American Financial Corp. to post $3.00 EPS for the current fiscal year and $3.00 EPS for the next fiscal year.

First American Financial Corp. (NYSE:FAF) opened at 40.54 on Tuesday. The firm’s 50-day moving average is $40.90 and its 200 day moving average is $39.42. First American Financial Corp. has a 12-month low of $31.74 and a 12-month high of $43.55. The firm has a market cap of $4.45 billion, a PE ratio of 14.33 and a beta of 0.66.

In other First American Financial Corp. news, Director Mark C. Oman purchased 2,700 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The shares were purchased at an average price of $42.08 per share, for a total transaction of $113,616.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.20% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in First American Financial Corp. by 93.8% in the second quarter. BlackRock Inc. now owns 84,565 shares of the company’s stock valued at $3,400,000 after buying an additional 40,938 shares during the last quarter. BlackRock Group LTD raised its position in First American Financial Corp. by 63.5% in the second quarter. BlackRock Group LTD now owns 127,928 shares of the company’s stock valued at $5,145,000 after buying an additional 49,676 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in First American Financial Corp. by 2.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,226,193 shares of the company’s stock valued at $129,757,000 after buying an additional 85,633 shares during the last quarter. US Bancorp DE raised its position in First American Financial Corp. by 0.9% in the second quarter. US Bancorp DE now owns 6,690 shares of the company’s stock valued at $269,000 after buying an additional 59 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in First American Financial Corp. during the second quarter valued at approximately $635,000. Hedge funds and other institutional investors own 86.66% of the company’s stock.

Several research analysts have recently weighed in on FAF shares. Zacks Investment Research upgraded shares of First American Financial Corp. from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a report on Thursday, July 14th. Piper Jaffray Cos. reiterated a “neutral” rating and set a $45.00 price objective (up from $42.00) on shares of First American Financial Corp. in a report on Monday, July 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $43.00.

About First American Financial Corp.

Related posts

Leave a Comment