$2.02 Billion in Sales Expected for Fidelity National Financial Inc (NYSE:FNF) This Quarter

Equities analysts expect Fidelity National Financial Inc (NYSE:FNF) to post sales of $2.02 billion for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Fidelity National Financial’s earnings, with the lowest sales estimate coming in at $2.02 billion and the highest estimate coming in at $2.03 billion. Fidelity National Financial reported sales of $2.12 billion during the same quarter last year, which would suggest a negative year over year growth rate of 4.7%. The firm is scheduled to report its next earnings report on Tuesday, July 16th.

On average, analysts expect that Fidelity National Financial will report full year sales of $7.67 billion for the current year, with estimates ranging from $7.66 billion to $7.67 billion. For the next year, analysts expect that the company will post sales of $7.75 billion, with estimates ranging from $7.73 billion to $7.78 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Fidelity National Financial.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.58 billion. Fidelity National Financial had a return on equity of 16.03% and a net margin of 9.67%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 earnings per share.

FNF has been the topic of several recent analyst reports. Zacks Investment Research raised Fidelity National Financial from a “sell” rating to a “hold” rating in a report on Wednesday, April 17th. Piper Jaffray Companies boosted their price objective on shares of Fidelity National Financial from $44.00 to $49.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. ValuEngine upgraded shares of Fidelity National Financial from a “sell” rating to a “hold” rating in a research report on Thursday, March 7th. SunTrust Banks boosted their price objective on shares of Fidelity National Financial to $45.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, Susquehanna Bancshares began coverage on shares of Fidelity National Financial in a research report on Wednesday, June 19th. They issued a “positive” rating and a $48.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $44.54.

Shares of FNF traded up $0.11 on Thursday, hitting $40.51. The company’s stock had a trading volume of 14,162 shares, compared to its average volume of 977,298. The firm has a market capitalization of $11.10 billion, a P/E ratio of 15.00 and a beta of 0.91. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.18. Fidelity National Financial has a fifty-two week low of $29.50 and a fifty-two week high of $41.41. The business has a 50 day moving average price of $39.40.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend is Thursday, June 13th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 45.93%.

A number of hedge funds have recently bought and sold shares of FNF. Penserra Capital Management LLC bought a new position in Fidelity National Financial in the 1st quarter worth approximately $26,000. Covington Capital Management bought a new stake in shares of Fidelity National Financial during the 4th quarter valued at $40,000. Icon Wealth Partners LLC bought a new stake in shares of Fidelity National Financial during the 1st quarter valued at $42,000. Financial Gravity Wealth Inc. bought a new stake in shares of Fidelity National Financial during the 1st quarter valued at $65,000. Finally, Huntington National Bank raised its position in shares of Fidelity National Financial by 16.6% during the 1st quarter. Huntington National Bank now owns 1,927 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 275 shares during the last quarter. Hedge funds and other institutional investors own 82.77% of the company’s stock.

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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