First American Financial (NYSE:FAF – Get Free Report) issued its quarterly earnings results on Thursday. The insurance provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.22), Briefing.com reports. First American Financial had a return on equity of 8.18% and a net margin of 3.64%. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the firm posted $0.49 EPS. The business’s revenue was down 1.5% compared to the same quarter last year.
First American Financial Stock Performance
Shares of First American Financial stock traded down $0.05 during trading hours on Friday, reaching $54.22. 851,775 shares of the company were exchanged, compared to its average volume of 660,268. First American Financial has a 1 year low of $49.55 and a 1 year high of $65.54. The stock’s fifty day moving average is $57.50 and its 200 day moving average is $58.27. The firm has a market cap of $5.62 billion, a PE ratio of 25.94 and a beta of 1.28.
First American Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 8th were given a dividend of $0.53 per share. 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 dividend payout ratio is currently 101.44%.
Analysts Set New Price Targets
Read Our Latest Report on First American Financial
About First American Financial
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.
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