Analysts Expect Fidelity National Financial Inc (NYSE:FNF) to Announce $0.87 EPS

Wall Street brokerages expect Fidelity National Financial Inc (NYSE:FNF) to report earnings of $0.87 per share for the current quarter, according to Zacks. Two analysts have made estimates for Fidelity National Financial’s earnings, with the lowest EPS estimate coming in at $0.83 and the highest estimate coming in at $0.91. Fidelity National Financial reported earnings per share of $0.78 in the same quarter last year, which would suggest a positive year over year growth rate of 11.5%. The firm is expected to issue its next quarterly earnings results on Wednesday, October 23rd.

On average, analysts expect that Fidelity National Financial will report full year earnings of $2.85 per share for the current fiscal year, with EPS estimates ranging from $2.73 to $2.95. For the next financial year, analysts expect that the company will post earnings of $3.06 per share, with EPS estimates ranging from $2.98 to $3.20. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Fidelity National Financial.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $0.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.08. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.08 billion. Fidelity National Financial had a net margin of 9.84% and a return on equity of 16.10%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.86 EPS.

FNF has been the topic of several recent analyst reports. Susquehanna Bancshares initiated coverage on shares of Fidelity National Financial in a research note on Wednesday, June 19th. They issued a “positive” rating and a $48.00 price target on the stock. Zacks Investment Research downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Thursday. Keefe, Bruyette & Woods raised their price target on shares of Fidelity National Financial from $44.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Compass Point raised shares of Fidelity National Financial from a “neutral” rating to a “buy” rating in a research note on Monday, July 8th. Finally, SunTrust Banks raised their price target on shares of Fidelity National Financial to $45.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. One investment 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’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $45.82.

FNF stock traded down $0.11 during trading on Friday, hitting $44.05. The company had a trading volume of 969,746 shares, compared to its average volume of 1,434,260. The stock has a market cap of $11.96 billion, a price-to-earnings ratio of 16.31 and a beta of 0.86. Fidelity National Financial has a 52-week low of $29.50 and a 52-week high of $44.62. The firm has a 50 day moving average of $41.89. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.95 and a quick ratio of 0.95.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.81%. The ex-dividend date is Friday, September 13th. Fidelity National Financial’s dividend payout ratio is presently 45.93%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. increased its position in Fidelity National Financial by 2.2% during the 1st quarter. Principal Financial Group Inc. now owns 18,778,341 shares of the financial services provider’s stock valued at $686,350,000 after purchasing an additional 395,247 shares during the period. Victory Capital Management Inc. increased its position in Fidelity National Financial by 8.8% during the 1st quarter. Victory Capital Management Inc. now owns 6,149,597 shares of the financial services provider’s stock valued at $224,768,000 after purchasing an additional 498,583 shares during the period. Wells Fargo & Company MN increased its position in Fidelity National Financial by 15.9% during the 1st quarter. Wells Fargo & Company MN now owns 6,095,081 shares of the financial services provider’s stock valued at $222,776,000 after purchasing an additional 836,632 shares during the period. Geode Capital Management LLC increased its position in Fidelity National Financial by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 2,930,396 shares of the financial services provider’s stock valued at $92,074,000 after purchasing an additional 93,220 shares during the period. Finally, Investec Asset Management LTD increased its position in Fidelity National Financial by 6.0% during the 2nd quarter. Investec Asset Management LTD now owns 2,816,569 shares of the financial services provider’s stock valued at $113,508,000 after purchasing an additional 158,221 shares during the period. 82.85% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Fidelity National Financial (NYSE:FNF)

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