First American Financial (FAF) Projected to Post Quarterly Earnings on Wednesday

First American Financial (NYSE:FAF) will likely be issuing its quarterly earnings data after the market closes on Wednesday, February 12th. Analysts expect the company to announce earnings of $1.13 per share and revenue of $1.62 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

First American Financial Trading Down 0.8 %

FAF opened at $63.37 on Tuesday. The business’s fifty day simple moving average is $63.20 and its 200-day simple moving average is $63.88. The company has a market capitalization of $6.53 billion, a price-to-earnings ratio of 71.20 and a beta of 1.33. First American Financial has a 12-month low of $51.60 and a 12-month high of $70.92.

First American Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date is Monday, March 10th. First American Financial’s dividend payout ratio (DPR) is 242.70%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FAF. Keefe, Bruyette & Woods dropped their price objective on shares of First American Financial from $80.00 to $74.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 8th. Truist Financial increased their target price on First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Barclays upped their price objective on First American Financial from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Finally, Stephens boosted their target price on shares of First American Financial from $66.00 to $73.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

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.