Analysts expect Fidelity National Financial Inc (NYSE:FNF) to report $1.92 billion in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Fidelity National Financial’s earnings, with the lowest sales estimate coming in at $1.91 billion and the highest estimate coming in at $1.93 billion. Fidelity National Financial posted sales of $1.98 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 3%. The firm is expected to report its next earnings results on Tuesday, January 29th.
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 year, analysts expect that the business will post sales of $7.72 billion, with estimates ranging from $7.71 billion to $7.72 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Fidelity National Financial.
Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, October 24th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). The business had revenue of $2.10 billion for 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 quarter in the previous year, the firm posted $0.71 EPS.
In other news, Director Cary H. Thompson sold 85,639 shares of the business’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $40.10, for a total value of $3,434,123.90. Following the completion of the transaction, the director now owns 74,000 shares of the company’s stock, valued at approximately $2,967,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Roger S. Jewkes sold 42,025 shares of the business’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $39.52, for a total transaction of $1,660,828.00. Following the completion of the transaction, the chief operating officer now directly owns 201,762 shares of the company’s stock, valued at approximately $7,973,634.24. The disclosure for this sale can be found here. 6.10% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the company. NumerixS Investment Technologies Inc acquired a new position in shares of Fidelity National Financial in the 2nd quarter valued at $168,000. Cerebellum GP LLC grew its holdings in shares of Fidelity National Financial by 100.1% in the 3rd quarter. Cerebellum GP LLC now owns 4,514 shares of the financial services provider’s stock valued at $178,000 after buying an additional 2,258 shares during the period. Zacks Investment Management acquired a new position in shares of Fidelity National Financial in the 2nd quarter valued at $200,000. Capital One National Association acquired a new position in shares of Fidelity National Financial in the 2nd quarter valued at $202,000. Finally, Park National Corp OH acquired a new position in shares of Fidelity National Financial in the 3rd quarter valued at $206,000. 82.85% of the stock is owned by institutional investors.
Shares of Fidelity National Financial stock traded down $0.04 on Friday, hitting $33.66. 1,268,264 shares of the company’s stock traded hands, compared to its average volume of 1,661,469. The stock has a market capitalization of $9.29 billion, a price-to-earnings ratio of 14.83 and a beta of 0.92. Fidelity National Financial has a one year low of $31.14 and a one year high of $42.52. 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 declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, July 17th that permits the company to repurchase 25,000,000 shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend is Thursday, December 13th. Fidelity National Financial’s payout ratio 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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