The First American Corporation (The) (FAF) Posts Quarterly Earnings Results, Misses Expectations By $0.77 EPS

The First American Corporation (The) (FAF) Posts Quarterly  Earnings Results, Misses Expectations By $0.77 EPS

First American Corporation (The) (NYSE:FAF) posted its quarterly earnings data on Thursday. The insurance provider reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.77), reports. First American Corporation (The) had a return on equity of 12.22% and a net margin of 6.38%. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the business earned $0.96 EPS. First American Corporation (The)’s revenue for the quarter was up .7% compared to the same quarter last year.

Shares of First American Corporation (FAF) traded up 2.55% on Thursday, reaching $52.36. The company had a trading volume of 1,259,494 shares. First American Corporation has a 52-week low of $35.28 and a 52-week high of $52.98. The company has a 50 day moving average price of $49.65 and a 200 day moving average price of $45.95. The stock has a market capitalization of $5.80 billion, a PE ratio of 15.87 and a beta of 0.69.

In other First American Corporation (The) news, CFO Mark Edward Seaton sold 7,000 shares of the business’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $48.33, for a total transaction of $338,310.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.10% of the stock is owned by insiders.

Separately, Zacks Investment Research upgraded First American Corporation (The) from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective on the stock in a report on Monday, July 31st.

About First American Corporation (The)

First American Financial Corporation, through its subsidiaries, is engaged in the business of providing financial services. The Company operates through the title insurance and services segment, and specialty insurance segment. The title insurance and services segment provides title insurance, closing and/or escrow services and similar or related services domestically and internationally in connection with residential and commercial real estate transactions.

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