First American Financial (NYSE:FAF – Get Free Report) announced its quarterly earnings results on Wednesday. The insurance provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.22), Briefing.com reports. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.42 billion. First American Financial had a net margin of 3.61% and a return on equity of 8.27%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 EPS.
First American Financial Stock Performance
Shares of NYSE:FAF traded down $6.00 on Thursday, hitting $51.78. The stock had a trading volume of 507,558 shares, compared to its average volume of 690,409. The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of 25.40 and a beta of 1.28. The firm’s 50 day moving average price is $57.70 and its 200-day moving average price is $58.29. First American Financial has a twelve month low of $49.55 and a twelve month high of $65.54.
First American Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 8th were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $2.12 annualized dividend and a yield of 4.09%. First American Financial’s dividend payout ratio is currently 101.92%.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on FAF
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.
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