After finishing at $57.87 in the prior trading day, First American Financial Corp (NYSE: FAF) closed at $56.23, down -2.83%. In other words, the price has decreased by -$1.11 from its previous closing price. On the day, 1233744 shares were traded.
Ratios:
Our goal is to gain a better understanding of FAF by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.34 whereas as Long-Term Debt/Eq ratio is at 0.26.
On November 15, 2023, Barclays started tracking the stock assigning a Equal Weight rating and target price of $53.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 15 ’23 when Adams Steven a sold 1,800 shares for $56.20 per share. The transaction valued at 101,160 led to the insider holds 7,487 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FAF now has a Market Capitalization of 5.80B and an Enterprise Value of 4.33B. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.12, and their Forward P/E ratio for the next fiscal year is 10.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.97 while its Price-to-Book (P/B) ratio in mrq is 1.20. Its current Enterprise Value per Revenue stands at 0.72.
Stock Price History:
Over the past 52 weeks, FAF has reached a high of $65.54, while it has fallen to a 52-week low of $49.55. The 50-Day Moving Average of the stock is 60.29, while the 200-Day Moving Average is calculated to be 58.46.
Shares Statistics:
The stock has traded on average 724.33K shares per day over the past 3-months and 609.69k shares per day over the last 10 days, according to various share statistics. A total of 103.10M shares are outstanding, with a floating share count of 98.27M. Insiders hold about 4.69% of the company’s shares, while institutions hold 88.61% stake in the company. Shares short for FAF as of Feb 15, 2024 were 1.34M with a Short Ratio of 1.85, compared to 1.25M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.30% and a Short% of Float of 1.35%.
Dividends & Splits
In the trailing 12 months, FAF’s forward annual dividend rate was 2.10, compared to 2.63 this year. Against a Trailing Annual Dividend Yield of 3.66%, it implies a Forward Annual Dividend Yield of 3.77%. The stock’s 5-year Average Dividend Yield is 3.29.
Earnings Estimates
Its stock is currently analyzed by 5 different market analysts. On average, analysts expect EPS of $0.74 for the current quarter, with a high estimate of $1.09 and a low estimate of $0.57, while EPS last year was $0.49. The consensus estimate for the next quarter is $1.27, with high estimates of $1.46 and low estimates of $1.02.
Analysts are recommending an EPS of between $5.29 and $3.75 for the fiscal current year, implying an average EPS of $4.43. EPS for the following year is $5.32, with 5 analysts recommending between $5.7 and $4.9.
Revenue Estimates
4 analysts predict $1.46B in revenue for the current quarter. It ranges from a high estimate of $1.54B to a low estimate of $1.38B. As of the current estimate, First American Financial Corp’s year-ago sales were $1.45B, an estimated increase of 0.70% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $1.67B, an increase of 1.20% over than the figure of $0.70% in the same quarter last year. There is a high estimate of $1.74B for the next quarter, whereas the lowest estimate is $1.57B.
A total of 4 analysts have provided revenue estimates for FAF’s current fiscal year. The highest revenue estimate was $6.49B, while the lowest revenue estimate was $6.13B, resulting in an average revenue estimate of $6.35B. In the same quarter a year ago, actual revenue was $6.15B, up 3.20% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $6.9B in the next fiscal year. The high estimate is $7.03B and the low estimate is $6.83B. The average revenue growth estimate for next year is up 8.70% from the average revenue estimate for this year.
