Analysts expect Fidelity National Financial Inc (NYSE:FNF) to announce $2.09 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Fidelity National Financial’s earnings. The highest sales estimate is $2.12 billion and the lowest is $2.05 billion. Fidelity National Financial reported sales of $2.29 billion during the same quarter last year, which indicates a negative year over year growth rate of 8.7%. The company is scheduled to report its next quarterly earnings report on Wednesday, July 18th.
According to Zacks, analysts expect that Fidelity National Financial will report full-year sales of $7.77 billion for the current fiscal year, with estimates ranging from $7.64 billion to $7.91 billion. For the next financial year, analysts anticipate that the firm will report sales of $8.06 billion per share, with estimates ranging from $7.96 billion to $8.17 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 announced its earnings results on Wednesday, May 2nd. The financial services provider reported $0.42 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. Fidelity National Financial had a return on equity of 13.04% and a net margin of 8.66%. The firm had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the previous year, the business earned $0.42 EPS.
Fidelity National Financial traded up $0.06, hitting $38.21, on Monday, Marketbeat Ratings reports. 978,100 shares of the company’s stock were exchanged, compared to its average volume of 1,425,097. Fidelity National Financial has a 12-month low of $30.73 and a 12-month high of $42.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market cap of $10.38 billion, a price-to-earnings ratio of 16.77 and a beta of 0.84.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Thursday, June 14th. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.27. Fidelity National Financial’s payout ratio is presently 52.86%.
In other Fidelity National Financial news, Director Daniel D. Lane sold 18,810 shares of the business’s stock in a transaction dated Tuesday, March 20th. The stock was sold at an average price of $41.38, for a total transaction of $778,357.80. Following the sale, the director now owns 261,696 shares in the company, valued at approximately $10,828,980.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Peter T. Sadowski sold 29,274 shares of the business’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $38.92, for a total value of $1,139,344.08. Following the sale, the executive vice president now owns 123,328 shares in the company, valued at approximately $4,799,925.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 112,303 shares of company stock worth $4,427,622. Company insiders own 6.10% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Xact Kapitalforvaltning AB lifted its holdings in shares of Fidelity National Financial by 6.3% in the 1st quarter. Xact Kapitalforvaltning AB now owns 51,845 shares of the financial services provider’s stock valued at $2,075,000 after buying an additional 3,060 shares during the period. Royal Bank of Canada lifted its holdings in shares of Fidelity National Financial by 5.3% in the 1st quarter. Royal Bank of Canada now owns 105,840 shares of the financial services provider’s stock valued at $4,235,000 after buying an additional 5,333 shares during the period. Legal & General Group Plc lifted its holdings in shares of Fidelity National Financial by 1.2% in the 1st quarter. Legal & General Group Plc now owns 1,511,563 shares of the financial services provider’s stock valued at $60,499,000 after buying an additional 18,640 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its holdings in shares of Fidelity National Financial by 40.7% in the 1st quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 86,700 shares of the financial services provider’s stock valued at $3,470,000 after buying an additional 25,100 shares during the period. Finally, Assetmark Inc. lifted its holdings in shares of Fidelity National Financial by 281.2% in the 1st quarter. Assetmark Inc. now owns 152,585 shares of the financial services provider’s stock valued at $6,106,000 after buying an additional 112,562 shares during the period. Institutional investors and hedge funds own 81.04% of the company’s stock.
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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