First American Financial Corp (FAF) Releases Earnings Results, Beats Expectations By $0.10 EPS

First American Financial Corp (FAF) reported quarterly earnings results on Thursday, Jul-21-2016. The company said it had a profit of $0.92 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.10. Analysts had a consensus of $0.82. The company posted revenue of $1361.50 million in the period, compared to analysts expectations of $1378.98 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS.

First American Financial Corp opened for trading at $41.4 and hit $41.76 on the upside on Wednesday, eventually ending the session at $41.55, with a gain of 0.68% or 0.28 points. The heightened volatility saw the trading volume jump to 8,36,981 shares. Company has a market cap of $4,553 M.

In a different news, on Feb 25, 2016, Dennis J Gilmore (Chief Executive Officer) sold 65,000 shares at $36.84 per share price. According to the SEC, on Feb 25, 2016, Kenneth D Degiorgio (Executive Vice President) sold 40,000 shares at $37.00 per share price. On Nov 17, 2015, Parker S Kennedy (director) sold 93,163 shares at $37.13 per share price, according to the Form-4 filing with the securities and exchange commission.

First American Financial Corporation (FAF) is a holding company. Through its subsidiaries the Company is engaged in the business of providing financial services. The Company operates in two segments: Title Insurance and Services segment and Specialty Insurance segment. The Title Insurance and Services segment issues title insurance policies on residential and commercial property. This segment also provides closing and escrow services; accommodates tax-deferred exchanges of real estate and provides banking trust and investment advisory services. The Company’s specialty insurance segment issues property and casualty insurance policies and sells home warranty products. The property and casualty insurance business provides insurance coverage to residential homeowners and renters for liability losses and typical hazards such as fire theft vandalism and other types of property damage. The Company’s subsidiary is First American Title Insurance Company and First American Trust FSB.

First American Financial Corp

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