Equities research analysts forecast that Fidelity National Financial Inc (NYSE:FNF) will report earnings per share (EPS) of $0.84 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Fidelity National Financial’s earnings. The lowest EPS estimate is $0.83 and the highest is $0.85. Fidelity National Financial posted earnings per share of $0.86 during the same quarter last year, which suggests a negative year over year growth rate of 2.3%. The company is scheduled to announce its next earnings report on Tuesday, July 16th.
On average, analysts expect that Fidelity National Financial will report full-year earnings of $2.76 per share for the current fiscal year, with EPS estimates ranging from $2.73 to $2.80. For the next financial year, analysts forecast that the company will report earnings of $3.13 per share, with EPS estimates ranging from $2.90 to $3.50. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Fidelity National Financial.
Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, April 24th. The financial services provider reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.58 billion. Fidelity National Financial had a return on equity of 16.03% and a net margin of 9.67%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 earnings per share.
Several research firms have recently weighed in on FNF. ValuEngine raised Fidelity National Financial from a “sell” rating to a “hold” rating in a research note on Thursday, March 7th. Piper Jaffray Companies raised their price objective on Fidelity National Financial from $44.00 to $49.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Zacks Investment Research raised Fidelity National Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, April 17th. SunTrust Banks raised their price objective on Fidelity National Financial to $45.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, Compass Point lowered Fidelity National Financial from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $42.50 to $43.75 in a research note on Monday, April 29th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. Fidelity National Financial currently has a consensus rating of “Buy” and an average target price of $44.54.
FNF traded up $0.11 during trading on Tuesday, reaching $40.51. The stock had a trading volume of 14,162 shares, compared to its average volume of 977,298. Fidelity National Financial has a 1-year low of $29.50 and a 1-year high of $41.41. The stock has a 50 day simple moving average of $39.40. The stock has a market cap of $11.10 billion, a price-to-earnings ratio of 15.00 and a beta of 0.91. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.18.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.31 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.24 annualized dividend and a dividend yield of 3.06%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 45.93%.
Several institutional investors have recently modified their holdings of FNF. Penserra Capital Management LLC acquired a new stake in shares of Fidelity National Financial in the first quarter worth $26,000. Covington Capital Management acquired a new stake in shares of Fidelity National Financial in the fourth quarter worth $40,000. Icon Wealth Partners LLC acquired a new stake in shares of Fidelity National Financial in the first quarter worth $42,000. Financial Gravity Wealth Inc. acquired a new stake in shares of Fidelity National Financial in the first quarter worth $65,000. Finally, Huntington National Bank boosted its position in shares of Fidelity National Financial by 16.6% in the first quarter. Huntington National Bank now owns 1,927 shares of the financial services provider’s stock worth $70,000 after buying an additional 275 shares during the period. 82.77% of the stock is owned by institutional investors and hedge funds.
Fidelity National Financial Company Profile
Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.
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