Brokerages Anticipate Fidelity National Financial Inc (FNF) Will Post Earnings of $0.80 Per Share

Wall Street analysts forecast that Fidelity National Financial Inc (NYSE:FNF) will announce earnings per share of $0.80 for the current quarter, Zacks reports. Two analysts have made estimates for Fidelity National Financial’s earnings. Fidelity National Financial reported earnings of $0.71 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 12.7%. The firm is scheduled to issue its next earnings results on Wednesday, October 24th.

On average, analysts expect that Fidelity National Financial will report full-year earnings of $2.82 per share for the current financial year, with EPS estimates ranging from $2.79 to $2.83. For the next fiscal year, analysts forecast that the firm will report earnings of $3.07 per share, with EPS estimates ranging from $2.95 to $3.15. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Fidelity National Financial.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Tuesday, July 17th. The financial services provider reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.04. The business had revenue of $2.12 million during the quarter, compared to analysts’ expectations of $2.11 billion. Fidelity National Financial had a return on equity of 15.29% and a net margin of 9.82%. The business’s revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.75 earnings per share.

A number of analysts have recently commented on the company. Zacks Investment Research upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Monday, August 6th. ValuEngine cut Fidelity National Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, May 22nd. Finally, Keefe, Bruyette & Woods raised Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $39.00 price target on the stock in a research note on Monday, July 16th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. Fidelity National Financial currently has an average rating of “Buy” and an average target price of $43.50.

Fidelity National Financial stock opened at $40.17 on Tuesday. The company has a market capitalization of $11.10 billion, a PE ratio of 17.70 and a beta of 0.80. Fidelity National Financial has a 12 month low of $32.67 and a 12 month high of $42.52. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.80 and a quick ratio of 0.80.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date is Thursday, September 13th. Fidelity National Financial’s dividend payout ratio is presently 52.86%.

Fidelity National Financial announced that its Board of Directors has initiated a share buyback program on Tuesday, July 17th that permits the company to repurchase 25,000,000 outstanding shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

In other Fidelity National Financial news, COO Roger S. Jewkes sold 43,409 shares of the business’s stock in a transaction on Thursday, July 19th. The stock was sold at an average price of $39.79, for a total transaction of $1,727,244.11. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Anthony Park sold 55,779 shares of the business’s stock in a transaction on Thursday, June 21st. The stock was sold at an average price of $36.99, for a total value of $2,063,265.21. The disclosure for this sale can be found here. Insiders sold 191,688 shares of company stock worth $7,505,007 over the last ninety days. Corporate insiders own 6.10% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pendal Group Ltd boosted its stake in Fidelity National Financial by 50.0% during the first quarter. Pendal Group Ltd now owns 276,857 shares of the financial services provider’s stock worth $11,080,000 after buying an additional 92,336 shares during the last quarter. Boston Partners boosted its stake in Fidelity National Financial by 21.0% during the second quarter. Boston Partners now owns 122,290 shares of the financial services provider’s stock worth $4,601,000 after buying an additional 21,229 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Fidelity National Financial by 0.6% during the second quarter. PNC Financial Services Group Inc. now owns 472,997 shares of the financial services provider’s stock worth $17,793,000 after buying an additional 2,670 shares during the last quarter. Golden Gate Private Equity Inc. boosted its stake in Fidelity National Financial by 28.7% during the second quarter. Golden Gate Private Equity Inc. now owns 118,900 shares of the financial services provider’s stock worth $4,473,000 after buying an additional 26,500 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in Fidelity National Financial by 53.9% during the second quarter. Canada Pension Plan Investment Board now owns 742,449 shares of the financial services provider’s stock worth $27,931,000 after buying an additional 259,991 shares during the last quarter. 82.48% 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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Earnings History and Estimates for Fidelity National Financial (NYSE:FNF)

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