First American Corporation (The) (FAF) to Post Q4 2017 Earnings of $0.90 Per Share, SunTrust Banks Forecasts

First American Corporation (The) (NYSE:FAF) – Equities research analysts at SunTrust Banks upped their Q4 2017 earnings per share estimates for First American Corporation (The) in a report issued on Thursday. SunTrust Banks analyst M. Hughes now anticipates that the insurance provider will post earnings of $0.90 per share for the quarter, up from their prior estimate of $0.86. SunTrust Banks also issued estimates for First American Corporation (The)’s Q1 2018 earnings at $0.56 EPS, Q2 2018 earnings at $1.08 EPS, Q3 2018 earnings at $1.15 EPS, Q4 2018 earnings at $0.97 EPS and FY2018 earnings at $3.75 EPS.

A number of other research analysts also recently weighed in on the company. Barclays PLC lifted their price target on First American Corporation (The) from $52.00 to $60.00 and gave the company an “overweight” rating in a report on Friday. Zacks Investment Research downgraded First American Corporation (The) from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th.

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First American Corporation (FAF) opened at 53.36 on Monday. The stock has a market capitalization of $5.91 billion, a P/E ratio of 16.17 and a beta of 0.69. The company’s 50-day moving average price is $49.96 and its 200 day moving average price is $46.10. First American Corporation has a 52-week low of $35.28 and a 52-week high of $53.46.

First American Corporation (The) (NYSE:FAF) last released its earnings results on Thursday, October 26th. The insurance provider reported $1.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.12. First American Corporation (The) had a return on equity of 14.30% and a net margin of 4.88%. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the business posted $0.96 earnings per share. The firm’s revenue for the quarter was up .7% compared to the same quarter last year.

In other news, CFO Mark Edward Seaton sold 7,000 shares of First American Corporation (The) stock in a transaction on Friday, August 18th. The stock was sold at an average price of $48.33, for a total transaction of $338,310.00. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 3.10% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of First American Corporation (The) by 2.0% during the second quarter. BlackRock Inc. now owns 10,128,054 shares of the insurance provider’s stock valued at $452,623,000 after buying an additional 201,687 shares in the last quarter. FMR LLC grew its holdings in shares of First American Corporation (The) by 7.6% during the second quarter. FMR LLC now owns 9,564,140 shares of the insurance provider’s stock valued at $427,422,000 after buying an additional 675,763 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of First American Corporation (The) by 0.6% during the second quarter. Vanguard Group Inc. now owns 9,333,287 shares of the insurance provider’s stock valued at $417,104,000 after buying an additional 53,168 shares in the last quarter. State Street Corp grew its holdings in shares of First American Corporation (The) by 3.7% during the first quarter. State Street Corp now owns 3,541,023 shares of the insurance provider’s stock valued at $139,091,000 after buying an additional 126,125 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of First American Corporation (The) by 21.9% during the third quarter. Victory Capital Management Inc. now owns 2,081,417 shares of the insurance provider’s stock valued at $104,009,000 after buying an additional 373,834 shares in the last quarter. Institutional investors and hedge funds own 83.92% of the company’s stock.

First American Corporation (The) Company Profile

First American Financial Corporation, through its subsidiaries, is engaged in the business of providing financial services. The Company operates through the title insurance and services segment, and specialty insurance segment. The title insurance and services segment provides title insurance, closing and/or escrow services and similar or related services domestically and internationally in connection with residential and commercial real estate transactions.

Earnings History and Estimates for First American Corporation (The) (NYSE:FAF)

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