Fidelity National Financial (NYSE:FNF) issued its earnings results on Tuesday. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.08, RTT News reports. Fidelity National Financial had a return on equity of 16.09% and a net margin of 9.84%. The firm had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter last year, the business earned $0.86 earnings per share. The company’s revenue was up 2.5% compared to the same quarter last year.
NYSE:FNF opened at $42.68 on Friday. Fidelity National Financial has a fifty-two week low of $29.50 and a fifty-two week high of $43.08. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.54 and a quick ratio of 0.76. The company has a market cap of $11.76 billion, a PE ratio of 15.81 and a beta of 0.91. The company’s 50-day simple moving average is $40.35.
The firm 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. This represents a $1.24 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Friday, September 13th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 45.93%.
A number of brokerages have issued reports on FNF. SunTrust Banks raised their target price on Fidelity National Financial to $45.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Susquehanna Bancshares set a $13.00 target price on SM Energy and gave the stock a “hold” rating in a report on Wednesday, June 19th. Compass Point upgraded Realogy from a “sell” rating to a “neutral” rating in a report on Monday, July 8th. Piper Jaffray Companies cut their price objective on CELYAD SA/ADR from $51.00 to $41.00 and set an “overweight” rating on the stock in a report on Monday, April 1st. Finally, Zacks Investment Research upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Wednesday, June 5th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.46.
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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