First American Financial (FAF) Set to Announce Quarterly Earnings

First American Financial (NYSE:FAF) is anticipated to release its earnings report on Wednesday, February 12th, after the market closes. Analysts are predicting that the company will report earnings of $1.13 per share and a revenue of $1.62 billion for the upcoming quarter. Those interested in joining the company’s earnings conference call can access the link provided in the company’s announcements.

Stock Performance of First American Financial

On the trading day leading up to the report, shares of First American Financial opened at $62.88. The stock has been showing a 50-day moving average price of $63.73 and a two-hundred day moving average price of $63.71. Over the past year, the stock reached a low of $51.60 and a high of $70.92. First American Financial holds a market capitalization of $6.48 billion, a price-to-earnings ratio of 70.65, and a beta of 1.33, indicating some volatility relative to the market.

Dividend Information from First American Financial

The company has also recently declared a quarterly dividend of $0.54, set to be paid on Monday, March 17th. Shareholders who are on record as of March 10th will be eligible for this dividend. The ex-dividend date is the same day, making it important for investors looking to benefit from the dividend payment. This sum represents an annual dividend of $2.16 with a yield of 3.44%. Currently, the dividend payout ratio for First American Financial stands at a high of 242.70%, indicating that the company is distributing a substantial portion of its earnings in dividends.

Market Analysts' Outlook on First American Financial

Several brokers have recently issued updates regarding First American Financial's performance. Keefe, Bruyette & Woods reduced their price target for FAF from $80.00 to $74.00 while assigning a 'market perform' rating in a note released on January 8th. On the other hand, Truist Financial raised their target price from $68.00 to $73.00, giving the stock a ‘buy’ rating in a report dated October 25th. Similarly, Stephens increased their target from $66.00 to $73.00, recommending an ‘overweight’ status for the stock. Barclays also raised their price objective on FAF shares from $70.00 to $72.00 with an ‘equal weight’ rating. Overall, two analysts currently regard the stock as a hold, whereas two others provide a buy recommendation. Based on consensus data, First American Financial carries a 'Moderate Buy' rating with an average price target of $73.00.

Company Overview of First American Financial

First American Financial Corporation provides a range of financial services through its subsidiaries. Its operations are divided into two main segments: Title Insurance and Services, and Home Warranty. The Title Insurance and Services segment is responsible for issuing title insurance policies for both residential and commercial properties while also providing related products and services globally.

Earnings, Stocks, Dividends