Wall Street brokerages predict that Fidelity National Financial Inc (NYSE:FNF) will report earnings of $0.83 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Fidelity National Financial’s earnings. Fidelity National Financial posted earnings per share of $0.75 in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.7%. The company is expected to report its next quarterly earnings results on Wednesday, July 18th.
According to Zacks, analysts expect that Fidelity National Financial will report full year earnings of $2.78 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 firm will report earnings of $3.05 per share, with EPS estimates ranging from $2.94 to $3.12. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Fidelity National Financial.
Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, May 2nd. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. Fidelity National Financial had a return on equity of 13.04% and a net margin of 8.66%. The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the previous year, the company posted $0.42 EPS.
Several equities analysts have issued reports on FNF shares. Zacks Investment Research upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Wednesday, April 4th. ValuEngine upgraded Fidelity National Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, March 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $43.83.
Shares of Fidelity National Financial opened at $37.79 on Friday, according to MarketBeat Ratings. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.17. Fidelity National Financial has a 52-week low of $30.56 and a 52-week high of $42.52. The firm has a market capitalization of $10.40 billion, a price-to-earnings ratio of 15.27 and a beta of 0.84.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.18%. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.27. Fidelity National Financial’s payout ratio is presently 52.86%.
In related news, insider Brent B. Bickett sold 63,155 shares of the company’s stock in a transaction dated Tuesday, April 17th. The stock was sold at an average price of $39.10, for a total value of $2,469,360.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Janet Kerr sold 1,064 shares of the company’s stock in a transaction dated Monday, April 23rd. The shares were sold at an average price of $38.12, for a total value of $40,559.68. Following the completion of the sale, the director now owns 20,672 shares of the company’s stock, valued at approximately $788,016.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 112,303 shares of company stock valued at $4,427,622. 6.10% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. bought a new stake in Fidelity National Financial in the fourth quarter valued at about $122,000. S&CO Inc. bought a new stake in Fidelity National Financial in the first quarter valued at about $200,000. Csenge Advisory Group bought a new stake in Fidelity National Financial in the first quarter valued at about $200,000. Whittier Trust Co. increased its holdings in Fidelity National Financial by 92.1% in the fourth quarter. Whittier Trust Co. now owns 5,215 shares of the financial services provider’s stock valued at $205,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Bell & Brown Wealth Advisors LLC bought a new stake in Fidelity National Financial in the fourth quarter valued at about $214,000. Institutional investors and hedge funds own 81.04% of the company’s stock.
Fidelity National Financial Company Profile
Fidelity National Financial, Inc, together with its subsidiaries, provides title insurance, technology, and transaction services to the real estate and mortgage industries 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 collection and trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.
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