Analysts Expect Fidelity National Financial Inc (NYSE:FNF) Will Post Earnings of $0.88 Per Share

Equities research analysts forecast that Fidelity National Financial Inc (NYSE:FNF) will announce earnings per share (EPS) of $0.88 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Fidelity National Financial’s earnings. The lowest EPS estimate is $0.83 and the highest is $0.93. Fidelity National Financial posted earnings of $0.78 per share in the same quarter last year, which would suggest a positive year over year growth rate of 12.8%. The firm is expected to report its next earnings report on Wednesday, October 23rd.

According to Zacks, analysts expect that Fidelity National Financial will report full-year earnings of $2.94 per share for the current year, with EPS estimates ranging from $2.88 to $3.05. For the next financial year, analysts forecast that the firm will report earnings of $3.15 per share, with EPS estimates ranging from $3.00 to $3.40. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Fidelity National Financial.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Tuesday, July 16th. The financial services provider reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.08. The business had revenue of $2.14 billion during 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 for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 earnings per share.



Several brokerages recently commented on FNF. Susquehanna Bancshares began coverage on shares of Fidelity National Financial in a report on Wednesday, June 19th. They set a “positive” rating and a $48.00 target price for the company. Zacks Investment Research raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a report on Monday, September 9th. Compass Point raised shares of Fidelity National Financial from a “neutral” rating to a “buy” rating in a report on Monday, July 8th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Fidelity National Financial from $44.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. One analyst has rated the stock with a sell rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $46.54.

Shares of FNF stock traded up $0.08 during midday trading on Tuesday, hitting $43.45. 1,784,207 shares of the company were exchanged, compared to its average volume of 1,175,437. The firm has a market capitalization of $11.88 billion, a P/E ratio of 16.09 and a beta of 0.84. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.95 and a current ratio of 0.95. The firm’s 50 day moving average price is $43.80 and its two-hundred day moving average price is $40.17. Fidelity National Financial has a 52 week low of $29.50 and a 52 week high of $45.40.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Friday, September 13th. Fidelity National Financial’s payout ratio is 45.93%.

In other Fidelity National Financial news, President Michael Joseph Nolan sold 75,884 shares of Fidelity National Financial stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $44.09, for a total value of $3,345,725.56. Following the completion of the sale, the president now owns 289,669 shares in the company, valued at approximately $12,771,506.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Peter T. Sadowski sold 64,883 shares of Fidelity National Financial stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $43.86, for a total transaction of $2,845,768.38. Following the completion of the sale, the executive vice president now owns 127,795 shares of the company’s stock, valued at approximately $5,605,088.70. The disclosure for this sale can be found here. Insiders have sold a total of 317,975 shares of company stock valued at $14,019,210 in the last ninety days. 6.20% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of FNF. Penserra Capital Management LLC acquired a new position in Fidelity National Financial during the 1st quarter worth approximately $26,000. Rockefeller Capital Management L.P. increased its position in Fidelity National Financial by 1,534.8% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 752 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 706 shares in the last quarter. Griffin Asset Management Inc. acquired a new position in Fidelity National Financial during the 2nd quarter worth approximately $36,000. Icon Wealth Partners LLC acquired a new position in Fidelity National Financial during the 1st quarter worth approximately $42,000. Finally, Cutler Group LP increased its position in Fidelity National Financial by 1,000.0% during the 2nd quarter. Cutler Group LP now owns 1,100 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 82.54% of the company’s stock.

Fidelity National Financial Company Profile

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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