Wall Street brokerages predict that Fidelity National Financial Inc (NYSE:FNF) will post sales of $2.02 billion for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Fidelity National Financial’s earnings. The highest sales estimate is $2.03 billion and the lowest is $2.02 billion. Fidelity National Financial reported sales of $2.09 billion in the same quarter last year, which would indicate a negative year over year growth rate of 3.3%. The firm is expected to report its next earnings report on Wednesday, October 23rd.
According to Zacks, analysts expect that Fidelity National Financial will report full year sales of $7.67 billion for the current financial year, with estimates ranging from $7.66 billion to $7.67 billion. For the next year, analysts anticipate that the firm will report sales of $7.75 billion, with estimates ranging from $7.73 billion to $7.78 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Fidelity National Financial.
Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.08. The firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Fidelity National Financial had a net margin of 9.84% and a return on equity of 16.32%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.86 earnings per share.
FNF stock traded down $0.09 during mid-day trading on Friday, hitting $42.68. The stock had a trading volume of 2,181,209 shares, compared to its average volume of 1,174,161. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.76 and a quick ratio of 0.76. Fidelity National Financial has a 52 week low of $29.50 and a 52 week high of $43.08. The stock has a market capitalization of $11.74 billion, a price-to-earnings ratio of 15.81 and a beta of 0.91. The stock’s fifty day moving average is $40.35.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.31 per share. The ex-dividend date is Friday, September 13th. This represents a $1.24 annualized dividend and a dividend yield of 2.91%. Fidelity National Financial’s dividend payout ratio (DPR) is 45.93%.
Several institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank bought a new position in Fidelity National Financial in the 4th quarter valued at $116,541,000. FMR LLC lifted its stake in shares of Fidelity National Financial by 14.9% during 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 last quarter. Miller Howard Investments Inc. NY lifted its stake in shares of Fidelity National Financial by 92.1% during the 1st quarter. Miller Howard Investments Inc. NY now owns 2,112,678 shares of the financial services provider’s stock worth $77,218,000 after purchasing an additional 1,013,138 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Fidelity National Financial by 15.9% during the 1st quarter. Wells Fargo & Company MN now owns 6,095,081 shares of the financial services provider’s stock worth $222,776,000 after purchasing an additional 836,632 shares during the last quarter. Finally, Strycker View Capital LLC purchased a new stake in shares of Fidelity National Financial during the 1st quarter worth $20,818,000. 82.77% of the stock is currently owned by institutional investors and hedge funds.
About Fidelity National Financial
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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