Fidelity National Financial Inc (NYSE:FNF) shares, rose in value, with the stock price down by -0.75% to the previous day’s close as strong demand from buyers drove the stock to $49.28.
Actively observing the price movement in the last trading, the stock closed the session at $49.65. The value of beta (5-year monthly) was 1.37 whereas the PE ratio was 25.84 over 12-month period. Referring to stock’s 52-week performance, its high was $52.94, and the low was $31.84. On the whole, FNF has fluctuated by -5.25% over the past month.
With the market capitalization of Fidelity National Financial Inc currently standing at about $13.46 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 01, 2024 – May 06, 2024. The company’s Forward Dividend Ratio is 2.31, with its dividend yield at 4.69%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.84, which is expected to increase to $1.35 for fiscal year $4.83 and then to about $5.64 by fiscal year 2025. Data indicates that the EPS growth is expected to be 36.10% in 2025, while the next year’s EPS growth is forecast to be 16.80%.
Analysts have estimated the company’s revenue for the quarter at $2.74 billion, with a low estimate of $2.52 billion and a high estimate of $2.94 billion. According to the average forecast, sales growth in current quarter could jump up 13.50%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $12.87 billion, representing an increase of 9.50% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that FNF’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of FNF currently trading nearly -3.31% and -1.99% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.30, while the 7-day volatility ratio is showing 2.13% which for the 30-day chart, stands at 2.01%. Furthermore, Fidelity National Financial Inc (FNF)’s beta value is 1.35, and its average true range (ATR) is 1.10.
A comparison of Fidelity National Financial Inc (FNF) with its peers suggests the former has fared considerably weaker in the market. FNF showed an intraday change of -0.75% in last session, and over the past year, it grew by 47.02%%.
Data on historical trading for Fidelity National Financial Inc (NYSE:FNF) indicates that the trading volumes over the past 10 days have averaged 1.68 million and over the past 3 months, they’ve averaged 1.59 million. According to company’s latest data on outstanding shares, there are 273.25 million shares outstanding.
Nearly 5.51% of Fidelity National Financial Inc’s shares belong to company insiders and institutional investors own 83.26% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.96 million shares as on Feb 15, 2023, resulting in a short ratio of 3.37. According to the data, the short interest in Fidelity National Financial Inc (FNF) stood at 1.45% of shares outstanding as of Feb 15, 2023; the number of short shares registered in Dec 30, 2022 reached 4.12 million. The stock has fallen by -3.41% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FNF stock heading into the next quarter.
