Fidelity National Financial (NYSE:FNF) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Fidelity National Financial (NYSE:FNF) released its quarterly earnings results on Thursday. The financial services provider reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.02, Bloomberg Earnings reports. Fidelity National Financial had a return on equity of 17.51% and a net margin of 9.82%. The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the company posted $0.63 earnings per share.

NYSE:FNF traded down $0.12 during mid-day trading on Friday, hitting $45.08. 4,780,816 shares of the company traded hands, compared to its average volume of 1,905,066. The stock’s fifty day moving average price is $46.77 and its 200-day moving average price is $45.60. Fidelity National Financial has a one year low of $33.94 and a one year high of $49.28. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.16. The firm has a market cap of $12.19 billion, a price-to-earnings ratio of 16.33 and a beta of 0.82.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.93%. Fidelity National Financial’s dividend payout ratio is presently 48.89%.

Separately, Zacks Investment Research lowered Fidelity National Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $46.54.

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 for Fidelity National Financial (NYSE:FNF)

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