Equities research analysts forecast that Fidelity National Financial Inc (NYSE:FNF) will announce sales of $1.92 billion for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Fidelity National Financial’s earnings, with the highest sales estimate coming in at $1.93 billion and the lowest estimate coming in at $1.91 billion. Fidelity National Financial posted sales of $1.98 billion in the same quarter last year, which would suggest a negative year over year growth rate of 3%. The company is expected to announce its next earnings report after the market closes on Wednesday, February 13th.
On average, 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 year, analysts expect that the business will report sales of $7.72 billion, with estimates ranging from $7.71 billion to $7.72 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Fidelity National Financial.
Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, October 24th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.01). The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.04 billion. Fidelity National Financial had a net margin of 10.54% and a return on equity of 16.32%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.71 earnings per share.
Shares of NYSE:FNF traded down $0.03 during trading on Friday, hitting $33.90. 33,934 shares of the company were exchanged, compared to its average volume of 1,387,922. The company has a market cap of $9.06 billion, a P/E ratio of 14.89 and a beta of 0.84. Fidelity National Financial has a 52-week low of $29.50 and a 52-week high of $42.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.85 and a quick ratio of 0.85.
The company also recently declared a quarterly dividend, which was paid on Friday, December 28th. Shareholders of record on Friday, December 14th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, December 13th. This represents a $1.20 dividend on an annualized basis and a yield of 3.54%. Fidelity National Financial’s payout ratio is 52.86%.
In related news, Director John D. Rood acquired 31,200 shares of Fidelity National Financial stock in a transaction dated Friday, October 26th. The shares were purchased at an average cost of $32.51 per share, with a total value of $1,014,312.00. Following the completion of the purchase, the director now owns 43,681 shares of the company’s stock, valued at $1,420,069.31. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 6.10% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of FNF. Dimensional Fund Advisors LP boosted its stake in shares of Fidelity National Financial by 2.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,457,325 shares of the financial services provider’s stock valued at $54,822,000 after purchasing an additional 32,935 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Fidelity National Financial by 77.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 43,596 shares of the financial services provider’s stock valued at $1,641,000 after buying an additional 18,973 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of Fidelity National Financial by 20.3% in the 2nd quarter. Baird Financial Group Inc. now owns 12,420 shares of the financial services provider’s stock valued at $467,000 after buying an additional 2,095 shares in the last quarter. Raymond James & Associates grew its stake in shares of Fidelity National Financial by 7.4% in the 2nd quarter. Raymond James & Associates now owns 188,378 shares of the financial services provider’s stock valued at $7,087,000 after buying an additional 13,056 shares in the last quarter. Finally, Voya Investment Management LLC grew its stake in shares of Fidelity National Financial by 16.7% in the 2nd quarter. Voya Investment Management LLC now owns 116,679 shares of the financial services provider’s stock valued at $4,390,000 after buying an additional 16,659 shares in the last quarter. 82.55% of the stock is currently owned by institutional investors.
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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