FY2018 EPS Estimates for First American Financial Corp Reduced by Analyst (NYSE:FAF)

First American Financial Corp (NYSE:FAF) – Piper Jaffray Companies lowered their FY2018 earnings estimates for shares of First American Financial in a note issued to investors on Thursday, October 25th, Zacks Investment Research reports. Piper Jaffray Companies analyst J. Deleeuw now anticipates that the insurance provider will post earnings per share of $4.49 for the year, down from their previous estimate of $4.51. Piper Jaffray Companies has a “Neutral” rating and a $65.00 price objective on the stock. Piper Jaffray Companies also issued estimates for First American Financial’s Q4 2018 earnings at $1.14 EPS, Q1 2019 earnings at $0.68 EPS, Q2 2019 earnings at $1.32 EPS, Q3 2019 earnings at $1.34 EPS, Q4 2019 earnings at $1.22 EPS, FY2019 earnings at $4.55 EPS and FY2020 earnings at $4.85 EPS.

Several other research firms have also commented on FAF. ValuEngine lowered First American Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. Zacks Investment Research lowered First American Financial from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. First American Financial has a consensus rating of “Hold” and a consensus price target of $57.50.

NYSE:FAF traded up $0.65 during trading hours on Monday, hitting $46.41. 800,618 shares of the stock were exchanged, compared to its average volume of 904,272. First American Financial has a 52-week low of $41.96 and a 52-week high of $62.71. The firm has a market cap of $5.12 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 0.78 and a beta of 0.84.

First American Financial (NYSE:FAF) last posted its quarterly earnings data on Thursday, October 25th. The insurance provider reported $1.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.28 by ($0.02). First American Financial had a return on equity of 13.68% and a net margin of 10.39%. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.55 billion.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 10th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, December 7th. This represents a $1.68 annualized dividend and a yield of 3.62%. First American Financial’s dividend payout ratio (DPR) is currently 61.09%.

A number of large investors have recently bought and sold shares of the business. TLP Group LLC purchased a new stake in shares of First American Financial in the third quarter valued at approximately $164,000. Parallel Advisors LLC grew its position in shares of First American Financial by 139.9% in the third quarter. Parallel Advisors LLC now owns 3,498 shares of the insurance provider’s stock valued at $180,000 after purchasing an additional 2,040 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of First American Financial in the second quarter valued at approximately $265,000. Point72 Hong Kong Ltd purchased a new stake in shares of First American Financial in the third quarter valued at approximately $295,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of First American Financial in the third quarter valued at approximately $304,000. Institutional investors own 82.58% 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.

Further Reading: Balance Sheet

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

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