First American Financial (NYSE:FAF) Issues Earnings Results

First American Financial (NYSE:FAF) released its earnings results on Thursday. The insurance provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.22), Briefing.com reports. First American Financial had a net margin of 3.64% and a return on equity of 8.18%. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the firm earned $0.49 EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis.

First American Financial Price Performance

Shares of NYSE FAF traded down $0.05 during trading hours on Friday, hitting $54.22. 851,775 shares of the stock were exchanged, compared to its average volume of 660,268. The firm has a market capitalization of $5.62 billion, a P/E ratio of 25.94 and a beta of 1.28. First American Financial has a one year low of $49.55 and a one year high of $65.54. The company’s 50 day moving average is $57.50 and its 200 day moving average is $58.27.

First American Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 8th were paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date was Thursday, March 7th. First American Financial’s payout ratio is 101.44%.

Analyst Ratings Changes

FAF has been the subject of a number of analyst reports. Keefe, Bruyette & Woods upgraded First American Financial from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $66.00 to $69.00 in a research report on Thursday, March 21st. TheStreet lowered First American Financial from a “b-” rating to a “c+” rating in a research note on Tuesday, March 12th. Deutsche Bank Aktiengesellschaft began coverage on First American Financial in a report on Wednesday, January 10th. They set a “buy” rating on the stock. Finally, Stephens restated an “overweight” rating and set a $72.00 price target on shares of First American Financial in a report on Thursday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, First American Financial presently has an average rating of “Moderate Buy” and a consensus target price of $67.75.

First American Financial Company Profile

First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Home Warranty segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services internationally.