Analysts Expect Fidelity National Financial Inc (NYSE:FNF) Will Post Quarterly Sales of $2.13 Billion
Wall Street analysts expect Fidelity National Financial Inc (NYSE:FNF) to post $2.13 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Fidelity National Financial’s earnings. Fidelity National Financial posted sales of $2.09 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 1.9%. The firm is expected to announce its next earnings report on Wednesday, October 23rd.
On average, analysts expect that Fidelity National Financial will report full year sales of $7.97 billion for the current year, with estimates ranging from $7.95 billion to $8.00 billion. For the next financial year, analysts expect that the company will report sales of $7.75 billion, with estimates ranging from $7.73 billion to $7.78 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow 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, topping the Zacks’ consensus estimate of $0.84 by $0.08. The business had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.08 billion. Fidelity National Financial had a return on equity of 16.09% and a net margin of 9.84%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 EPS.
Institutional investors and hedge funds have recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. boosted its holdings in Fidelity National Financial by 8.5% in the second quarter. Robeco Institutional Asset Management B.V. now owns 167,230 shares of the financial services provider’s stock worth $6,739,000 after acquiring an additional 13,046 shares in the last quarter. MHI Funds LLC boosted its holdings in Fidelity National Financial by 0.6% in the second quarter. MHI Funds LLC now owns 69,597 shares of the financial services provider’s stock worth $2,805,000 after acquiring an additional 396 shares in the last quarter. Lantz Financial LLC boosted its holdings in Fidelity National Financial by 1.9% in the second quarter. Lantz Financial LLC now owns 33,852 shares of the financial services provider’s stock worth $1,381,000 after acquiring an additional 645 shares in the last quarter. Raymond James Trust N.A. bought a new stake in Fidelity National Financial in the second quarter worth $721,000. Finally, Unigestion Holding SA boosted its holdings in Fidelity National Financial by 2.3% in the second quarter. Unigestion Holding SA now owns 424,492 shares of the financial services provider’s stock worth $17,107,000 after acquiring an additional 9,578 shares in the last quarter. 82.77% of the stock is currently owned by hedge funds and other institutional investors.
Fidelity National Financial stock traded up $0.03 during trading hours on Friday, reaching $42.71. The company had a trading volume of 3,472,083 shares, compared to its average volume of 1,187,982. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.76 and a current ratio of 3.54. The stock has a 50-day simple moving average of $40.44. The stock has a market cap of $11.74 billion, a price-to-earnings ratio of 15.82 and a beta of 0.91. Fidelity National Financial has a 12-month low of $29.50 and a 12-month high of $43.08.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.24 annualized dividend and a dividend yield of 2.90%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 45.93%.
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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