Equities analysts expect First American Financial Corp (NYSE:FAF) to post $1.35 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for First American Financial’s earnings, with the lowest EPS estimate coming in at $1.33 and the highest estimate coming in at $1.37. First American Financial posted earnings of $1.33 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 1.5%. The business is expected to announce its next quarterly earnings results on Thursday, July 25th.
According to Zacks, analysts expect that First American Financial will report full-year earnings of $4.74 per share for the current year, with EPS estimates ranging from $4.60 to $4.81. For the next year, analysts expect that the firm will post earnings of $4.96 per share, with EPS estimates ranging from $4.75 to $5.15. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for First American Financial.
First American Financial (NYSE:FAF) last announced its earnings results on Thursday, April 25th. The insurance provider reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.05. First American Financial had a net margin of 8.83% and a return on equity of 14.51%. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the firm earned $0.67 earnings per share. The business’s revenue for the quarter was up .5% on a year-over-year basis.
Shares of NYSE:FAF traded down $1.88 during trading on Wednesday, reaching $53.24. 25,555 shares of the stock traded hands, compared to its average volume of 862,624. The firm’s 50-day moving average price is $54.01. First American Financial has a 52-week low of $41.96 and a 52-week high of $58.29. The company has a market capitalization of $6.17 billion, a PE ratio of 11.62, a P/E/G ratio of 1.06 and a beta of 0.93.
The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.16%. The ex-dividend date was Friday, June 7th. First American Financial’s dividend payout ratio is currently 36.68%.
In other news, insider Kenneth D. Degiorgio sold 1,400 shares of First American Financial stock in a transaction on Friday, April 26th. The shares were sold at an average price of $58.24, for a total transaction of $81,536.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kenneth D. Degiorgio sold 26,658 shares of First American Financial stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $57.00, for a total transaction of $1,519,506.00. The disclosure for this sale can be found here. Insiders sold 63,293 shares of company stock worth $3,519,235 in the last 90 days. 3.00% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of FAF. Penserra Capital Management LLC purchased a new position in shares of First American Financial during the 1st quarter worth $25,000. JOYN Advisors Inc. raised its position in shares of First American Financial by 540.0% during the 4th quarter. JOYN Advisors Inc. now owns 608 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 513 shares during the period. Cornerstone Advisors Inc. bought a new stake in shares of First American Financial during the 1st quarter valued at $27,000. Executive Wealth Management LLC bought a new stake in shares of First American Financial during the 4th quarter valued at $37,000. Finally, Oregon Public Employees Retirement Fund raised its position in shares of First American Financial by 4,404.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,973,445 shares of the insurance provider’s stock valued at $44,000 after purchasing an additional 1,929,636 shares during the period. Institutional investors and hedge funds own 83.03% of the company’s stock.
About First American Financial
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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