Zacks: Analysts Expect Fidelity National Information Servcs Inc (NYSE:FIS) Will Announce Quarterly Sales of $2.11 Billion

Brokerages expect Fidelity National Information Servcs Inc (NYSE:FIS) to post sales of $2.11 billion for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have issued estimates for Fidelity National Information Servcs’ earnings, with the lowest sales estimate coming in at $2.09 billion and the highest estimate coming in at $2.14 billion. Fidelity National Information Servcs also posted sales of $2.11 billion in the same quarter last year. The firm is scheduled to announce its next earnings results before the market opens on Tuesday, August 6th.

On average, analysts expect that Fidelity National Information Servcs will report full year sales of $8.46 billion for the current financial year, with estimates ranging from $8.43 billion to $8.51 billion. For the next financial year, analysts anticipate that the firm will post sales of $8.82 billion, with estimates ranging from $8.76 billion to $8.89 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Fidelity National Information Servcs.

Fidelity National Information Servcs (NYSE:FIS) last announced its quarterly earnings results on Tuesday, April 30th. The information technology services provider reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.07. The company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Fidelity National Information Servcs had a return on equity of 18.68% and a net margin of 9.66%. Fidelity National Information Servcs’s quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the business earned $1.09 earnings per share.

A number of research firms have recently commented on FIS. Susquehanna Bancshares began coverage on StoneCo in a research report on Friday, May 31st. They issued a “neutral” rating for the company. Oppenheimer set a $12.00 price objective on Teva Pharmaceutical Industries and gave the company a “buy” rating in a research report on Wednesday, June 12th. Wedbush set a $30.00 price objective on Aquestive Therapeutics and gave the company a “buy” rating in a research report on Friday, March 22nd. Cantor Fitzgerald restated a “buy” rating and issued a $60.00 price objective on shares of Benefitfocus in a research report on Wednesday, May 1st. Finally, Wells Fargo & Co boosted their price objective on Tractor Supply from $108.00 to $114.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Three equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $147.76.

In other news, Director James B. Stallings, Jr. sold 1,240 shares of Fidelity National Information Servcs stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $122.55, for a total value of $151,962.00. Following the sale, the director now directly owns 8,370 shares of the company’s stock, valued at $1,025,743.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.43% of the company’s stock.

Several large investors have recently modified their holdings of FIS. Eagle Asset Management Inc. boosted its position in Fidelity National Information Servcs by 21.4% during the fourth quarter. Eagle Asset Management Inc. now owns 5,992 shares of the information technology services provider’s stock worth $614,000 after purchasing an additional 1,055 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of Fidelity National Information Servcs by 3.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 25,066 shares of the information technology services provider’s stock valued at $2,570,000 after acquiring an additional 756 shares during the period. Freestone Capital Holdings LLC bought a new position in shares of Fidelity National Information Servcs in the fourth quarter valued at approximately $249,000. Blueshift Asset Management LLC bought a new position in shares of Fidelity National Information Servcs in the fourth quarter valued at approximately $940,000. Finally, Employees Retirement System of Texas boosted its position in shares of Fidelity National Information Servcs by 37.6% in the fourth quarter. Employees Retirement System of Texas now owns 25,600 shares of the information technology services provider’s stock valued at $2,625,000 after acquiring an additional 7,000 shares during the period. 92.58% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Fidelity National Information Servcs stock traded up $1.54 on Friday, reaching $129.36. The company’s stock had a trading volume of 2,722,254 shares, compared to its average volume of 2,940,323. The firm has a market capitalization of $41.39 billion, a P/E ratio of 24.73, a P/E/G ratio of 1.51 and a beta of 0.63. Fidelity National Information Servcs has a 52-week low of $94.53 and a 52-week high of $129.48. The business has a 50-day simple moving average of $122.46. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.03 and a quick ratio of 1.03.

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Thursday, June 13th. Fidelity National Information Servcs’s dividend payout ratio is presently 26.77%.

Fidelity National Information Servcs Company Profile

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.

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Earnings History and Estimates for Fidelity National Information Servcs (NYSE:FIS)

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