Equities research analysts expect Fidelity National Financial Inc (NYSE:FNF) to post $2.12 billion in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Fidelity National Financial’s earnings. Fidelity National Financial posted sales of $2.29 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 7.4%. 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 sales of $7.93 billion for the current financial year, with estimates ranging from $7.91 billion to $7.96 billion. For the next financial year, analysts anticipate that the company will post sales of $8.19 billion per share, with estimates ranging from $8.17 billion to $8.21 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Fidelity National Financial.
Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, May 2nd. The financial services provider reported $0.42 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.42. Fidelity National Financial had a net margin of 8.66% and a return on equity of 13.04%. The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the previous year, the business posted $0.42 earnings per share.
A number of equities research analysts have recently weighed in on FNF shares. Zacks Investment Research raised Fidelity National Financial from a “sell” rating to a “hold” rating in a report on Thursday, June 7th. ValuEngine downgraded Fidelity National Financial from a “hold” rating to a “sell” rating in a report on Tuesday, May 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $43.83.
Shares of FNF traded down $0.09 during midday trading on Thursday, reaching $37.27. 639,600 shares of the stock were exchanged, compared to its average volume of 1,405,130. Fidelity National Financial has a twelve month low of $31.87 and a twelve month high of $42.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market capitalization of $10.33 billion, a P/E ratio of 16.46 and a beta of 0.80.
The business also recently declared a quarterly dividend, which was paid on Friday, June 29th. Investors of record on Friday, June 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date was Thursday, June 14th. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.27. Fidelity National Financial’s payout ratio is 52.86%.
In related news, CFO Anthony Park sold 55,779 shares of the business’s stock in a transaction dated Thursday, June 21st. The stock was sold at an average price of $36.99, for a total value of $2,063,265.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brent B. Bickett sold 63,155 shares of the business’s stock in a transaction dated Tuesday, April 17th. The shares were sold at an average price of $39.10, for a total value of $2,469,360.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 119,998 shares of company stock valued at $4,573,185. 6.10% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. acquired a new position in Fidelity National Financial during the fourth quarter worth about $122,000. S&CO Inc. acquired a new position in Fidelity National Financial during the first quarter worth about $200,000. Csenge Advisory Group acquired a new position in Fidelity National Financial during the first quarter worth about $200,000. Bell & Brown Wealth Advisors LLC acquired a new position in Fidelity National Financial during the fourth quarter worth about $214,000. Finally, Vident Investment Advisory LLC acquired a new position in Fidelity National Financial during the fourth quarter worth about $230,000. 80.97% 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 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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