Equities research analysts expect that First American Financial Corp (NYSE:FAF) will post $1.47 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for First American Financial’s earnings, with the highest sales estimate coming in at $1.47 billion and the lowest estimate coming in at $1.46 billion. First American Financial posted sales of $1.48 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 0.7%. The company is expected to announce its next earnings results before the market opens on Thursday, February 14th.
According to Zacks, analysts expect that First American Financial will report full year sales of $5.80 billion for the current financial year, with estimates ranging from $5.79 billion to $5.80 billion. For the next year, analysts expect that the business will report sales of $5.77 billion, with estimates ranging from $5.69 billion to $5.85 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for First American Financial.
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A number of research analysts have recently commented on the company. Zacks Investment Research cut First American Financial from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Compass Point assumed coverage on First American Financial in a research report on Thursday, January 24th. They set a “buy” rating and a $58.00 price target on the stock. Finally, ValuEngine raised First American Financial from a “sell” rating to a “hold” rating in a research report on Friday, January 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $54.50.
Large investors have recently added to or reduced their stakes in the stock. Advisors Preferred LLC bought a new stake in shares of First American Financial during the 4th quarter valued at $30,000. Legacy Financial Advisors Inc. bought a new stake in shares of First American Financial during the 4th quarter valued at $31,000. IMS Capital Management bought a new stake in shares of First American Financial during the 3rd quarter valued at $52,000. First Personal Financial Services raised its stake in shares of First American Financial by 203.2% during the 4th quarter. First Personal Financial Services now owns 1,122 shares of the insurance provider’s stock valued at $50,000 after purchasing an additional 752 shares during the period. Finally, Bremer Trust National Association bought a new stake in shares of First American Financial during the 4th quarter valued at $76,000. Institutional investors own 84.98% of the company’s stock.
Shares of NYSE FAF traded up $0.29 during trading on Monday, reaching $51.17. 502,850 shares of the stock traded hands, compared to its average volume of 560,230. First American Financial has a 52-week low of $41.96 and a 52-week high of $61.50. The stock has a market capitalization of $5.69 billion, a PE ratio of 18.61, a P/E/G ratio of 1.02 and a beta of 0.85.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 8th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.28%. First American Financial’s dividend payout ratio is presently 61.09%.
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.
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