Fidelity National Financial Inc (FNF) Expected to Post Earnings of $0.40 Per Share

Analysts expect that Fidelity National Financial Inc (NYSE:FNF) will post $0.40 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Fidelity National Financial’s earnings, with the highest EPS estimate coming in at $0.41 and the lowest estimate coming in at $0.39. Fidelity National Financial reported earnings per share of $0.42 during the same quarter last year, which would suggest a negative year-over-year growth rate of 4.8%. The firm is scheduled to report its next quarterly earnings results on Wednesday, May 1st.

On average, analysts expect that Fidelity National Financial will report full-year earnings of $2.73 per share for the current fiscal year, with EPS estimates ranging from $2.68 to $2.80. For the next financial year, analysts expect that the company will post earnings of $3.07 per share, with EPS estimates ranging from $2.85 to $3.40. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Fidelity National Financial.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, February 13th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.05). The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.91 billion. Fidelity National Financial had a net margin of 8.27% and a return on equity of 16.28%. The business’s revenue was down 14.3% compared to the same quarter last year. During the same period last year, the company posted $0.60 earnings per share.

FNF has been the topic of several research analyst reports. Compass Point initiated coverage on Fidelity National Financial in a report on Thursday, January 24th. They set a “buy” rating and a $43.25 price target on the stock. Zacks Investment Research raised Fidelity National Financial from a “sell” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Tuesday, January 15th. Barclays reissued a “buy” rating and set a $42.00 price target on shares of Fidelity National Financial in a report on Friday, February 15th. Finally, ValuEngine raised Fidelity National Financial from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Fidelity National Financial presently has an average rating of “Hold” and an average target price of $40.56.

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Fidelity National Financial by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 25,173,378 shares of the financial services provider’s stock worth $990,572,000 after purchasing an additional 338,979 shares during the period. Vanguard Group Inc raised its holdings in Fidelity National Financial by 1.4% in the 3rd quarter. Vanguard Group Inc now owns 25,173,378 shares of the financial services provider’s stock worth $990,572,000 after purchasing an additional 338,979 shares during the period. Principal Financial Group Inc. raised its holdings in Fidelity National Financial by 1.6% in the 4th quarter. Principal Financial Group Inc. now owns 18,383,094 shares of the financial services provider’s stock worth $577,966,000 after purchasing an additional 295,487 shares during the period. BlackRock Inc. raised its holdings in Fidelity National Financial by 3.2% in the 4th quarter. BlackRock Inc. now owns 16,085,953 shares of the financial services provider’s stock worth $505,740,000 after purchasing an additional 498,242 shares during the period. Finally, FMR LLC raised its holdings in Fidelity National Financial by 14.9% in the 4th quarter. FMR LLC now owns 12,842,297 shares of the financial services provider’s stock worth $403,763,000 after purchasing an additional 1,665,150 shares during the period. 81.83% of the stock is currently owned by institutional investors.

FNF stock opened at $35.17 on Tuesday. The company has a market capitalization of $9.66 billion, a P/E ratio of 13.03 and a beta of 0.91. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. Fidelity National Financial has a 12-month low of $29.50 and a 12-month high of $42.52.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be issued a $0.31 dividend. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Thursday, March 14th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 45.93%.

About Fidelity National Financial

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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Earnings History and Estimates for Fidelity National Financial (NYSE:FNF)

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