Equities research analysts expect Fidelity National Financial Inc (NYSE:FNF) to report $1.92 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Fidelity National Financial’s earnings. The highest sales estimate is $1.93 billion and the lowest is $1.91 billion. Fidelity National Financial reported sales of $1.98 billion in the same quarter last year, which would suggest a negative year over year growth rate of 3%. The firm is expected to report its next earnings report after the market closes on Wednesday, February 13th.
According to Zacks, analysts expect that Fidelity National Financial will report full year sales of $7.82 billion for the current fiscal year, with estimates ranging from $7.82 billion to $7.83 billion. For the next fiscal year, analysts anticipate that the company will report sales of $7.72 billion, with estimates ranging from $7.71 billion to $7.72 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Fidelity National Financial.
Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.01). The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. Fidelity National Financial had a net margin of 10.54% and a return on equity of 16.32%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.71 EPS.
Several analysts recently commented on FNF shares. Barclays set a $43.00 price target on shares of Fidelity National Financial and gave the company a “buy” rating in a research report on Friday, October 26th. Zacks Investment Research lowered shares of Fidelity National Financial from a “hold” rating to a “sell” rating in a research report on Monday, October 15th. Finally, ValuEngine lowered shares of Fidelity National Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Fidelity National Financial has a consensus rating of “Hold” and an average target price of $43.00.
In related news, Director John D. Rood bought 31,200 shares of the company’s stock in a transaction dated Friday, October 26th. The shares were acquired at an average price of $32.51 per share, for a total transaction of $1,014,312.00. Following the completion of the transaction, the director now directly owns 43,681 shares in the company, valued at $1,420,069.31. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.10% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Fidelity National Financial by 1.4% during the third quarter. Vanguard Group Inc. now owns 25,173,378 shares of the financial services provider’s stock worth $990,572,000 after acquiring an additional 338,979 shares during the last quarter. Vanguard Group Inc raised its stake in Fidelity National Financial by 1.4% during the third 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. BlackRock Inc. raised its stake in Fidelity National Financial by 5.0% during the third quarter. BlackRock Inc. now owns 15,587,711 shares of the financial services provider’s stock worth $613,376,000 after purchasing an additional 735,784 shares during the period. Alliancebernstein L.P. raised its stake in Fidelity National Financial by 26.5% during the third quarter. Alliancebernstein L.P. now owns 11,670,565 shares of the financial services provider’s stock worth $459,237,000 after purchasing an additional 2,446,019 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Fidelity National Financial by 8.1% during the third quarter. Victory Capital Management Inc. now owns 5,179,205 shares of the financial services provider’s stock worth $203,802,000 after purchasing an additional 386,753 shares during the period. Institutional investors and hedge funds own 82.55% of the company’s stock.
FNF stock traded down $0.03 during midday trading on Friday, hitting $33.90. 33,934 shares of the stock traded hands, compared to its average volume of 1,387,922. The firm has a market cap of $9.06 billion, a PE ratio of 14.89 and a beta of 0.84. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.85. Fidelity National Financial has a 1-year low of $29.50 and a 1-year high of $42.52.
The business also recently announced a quarterly dividend, which was paid on Friday, December 28th. Stockholders of record on Friday, December 14th were given a $0.30 dividend. The ex-dividend date was Thursday, December 13th. This represents a $1.20 annualized dividend and a dividend yield of 3.54%. Fidelity National Financial’s dividend payout ratio (DPR) is 52.86%.
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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