First American Financial Corporation (NYSE:FAF) is reporting second quarter financial results on Thursday 23rd July 2020, before market open.
According to analysts surveyed by Thomson Reuters, FAF is expected to report 2Q20 income of $ 0.74 per share from revenue of $ 1405.52 million.
For the full year, analysts anticipate top line of $ 5677.88 million, while looking forward to income of $ 3.42 per share bottom line.
Previous Quarter Performance
First American Financial Corporation announced income for the first quarter of $ 1.06 per share, from the revenue of $ 1,413.00 million. The quarterly earnings increased 43.24 percent while revenues improved 8.39 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.00 per share from $ 1451.72 million in revenue. The bottom line results beat street analysts by $ 0.06 or 6.00 percent, at the same time, top line results fell short of analysts by $ 38.72 million or 2.67 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of FAF was $ 55.72, representing a 89.78 % increase from the 52 week low of $ 29.36 and a 16.56 % decrease over the 52 week high of $ 66.78.
The company has a market capital of $ 6.21 billion and is part of the Financial Services sector and Insurance – Specialty industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.44 per share on May 5, 2020. The dividend were payable on June 15, 2020 to holders of record as of the close of business on June 8, 2020 and ex-dividend date on June 5, 2020.
Conference Call
First American Financial Corporation will be hosting a conference call at 11:00 AM eastern time on 23rd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.firstam.com
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.
