Fidelity National Financial (NYSE:FNF) will be announcing its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.40 per share for the quarter.
Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, February 13th. The financial services provider reported $0.63 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.05). The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Fidelity National Financial had a net margin of 8.27% and a return on equity of 16.28%. The firm’s revenue was down 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 earnings per share. On average, analysts expect Fidelity National Financial to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
FNF opened at $38.92 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $10.72 billion, a price-to-earnings ratio of 14.41 and a beta of 0.91. Fidelity National Financial has a twelve month low of $29.50 and a twelve month high of $41.41.
The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.19%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, March 14th. Fidelity National Financial’s payout ratio is presently 45.93%.
FNF has been the topic of a number of research analyst reports. Piper Jaffray Companies boosted their target price on shares of Fidelity National Financial from $44.00 to $49.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. Zacks Investment Research cut shares of Fidelity National Financial from a “hold” rating to a “sell” rating in a research note on Monday, January 7th. ValuEngine upgraded shares of Fidelity National Financial from a “sell” rating to a “hold” rating in a research note on Thursday, March 7th. Compass Point initiated coverage on shares of Fidelity National Financial in a research note on Thursday, January 24th. They issued a “buy” rating and a $43.25 target price on the stock. Finally, Barclays reiterated a “buy” rating and issued a $42.00 target price on shares of Fidelity National Financial in a research note on Friday, February 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $42.25.
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About Fidelity National Financial
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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