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4-Traders Homepage  >  Equities  >  Nyse  >  Fidelity National Financial Inc    FNF

Delayed Quote. Delayed  - 10/19 10:03:20 pm
35.59 USD   +1.63%
10/02 FIDELITY NATION : Spin off
09/14 FIDELITY NATION : ex-dividend day
07/31 INSIDER TRADING : FNF) – EVP Sold 133,215 shares of Stock
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Fidelity National Financial Inc : Earnings Review and Free Research Report: Fidelity National Financial Reported 7.5% increase in Total Revenue

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07/24/2017 | 01:11pm CEST

MAIN, GERMANY / ACCESSWIRE / July 24, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Fidelity National Financial, Inc. (NYSE: FNF), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=FNF, following the Company's disclosure of its financial results for the second quarter fiscal 2017, on July 19, 2017. The Company's EBITDA increased 4.8% on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on FNF. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=FNF

Earnings Reviewed

For three months ended June 30, 2017, FNF's total revenue increased 7.5% on a y-o-y basis to $2.29 billion. The total revenue surpassed analysts' expectations by 8.1%. The increase was attributable to improvement in both Direct and Agency premiums, along with an increase in Escrow and title related fees.

During Q2 FY17, FNF's total expenses increased 8.1% on a y-o-y basis to $2 billion. The increase was due to higher personnel cost, other operating expenses, depreciation and amortization, and interest expense.

For the reported quarter, FNF's EBITDA was $437 million compared to $417 million in Q2 FY16. During Q2 FY17, the Company's EBITDA margin was 19% compared to 19.5% in the same quarter last year.

During Q2 FY17, FNF's net income was $175 million compared to $187 million in Q2 FY16. For the reported quarter, the Company's diluted EPS was 0.63 compared to 0.67 in Q2 FY16. For Q2 FY17, FNF's adjusted diluted EPS increased 1.4% on a y-o-y basis to $0.75. The adjusted diluted EPS surpassed analysts' expectations of $0.72.

During Q2 FY17, FNF announced the acquisition of Hudson & Marshall, a full-service auction Company and Title Guaranty of Hawaii, the title insurance Company in the state of Hawaii.

Segment Details

Title - For the reported quarter, FNF's Title segment's total revenue increased 5.5% to $1.92 billion from $1.82 billion in Q2 FY16. During Q2 FY17, the segment's pre-tax earnings were $294 million compared to $281 million in the same quarter last year.

During Q2 FY17, FNF's Title segment's adjusted pre-tax earnings were $310 million compared to $300 million in the same quarter last year. For the reported quarter, the segment's adjusted pre-tax margin was 16.2% compared to 16.5% in Q2 FY16.

During Q2 FY17, FNF's Title segment's adjusted EBITDA increased 3.5% on a y-o-y basis to $326 million. For the reported quarter, the segment's adjusted EBITDA margin decreased 20 basis points on a y-o-y basis to 17.1%.

Black Knight Financial Services (BKFS) - For the reported quarter, FNF's BKFS segment's revenue was $242 million compared to $256 million in Q2 FY16. During Q2 FY17, FNF's BKFS segment's pre-tax earnings were $29 million compared to $41 million in the same quarter last year.

During Q2 FY17, BKFS segment's adjusted EBITDA increased 4% on a y-o-y basis to $119 million. For the reported quarter, the segment's adjusted EBITDA margin increased 270 basis points on a y-o-y basis to 47.9%.

Balance Sheet

As on June 30, 2017, FNF's net cash flow provided by operations increased 44.8% to $401 million from $277 million in Q2 FY16.

On July 19, 2017, FNF's Board of Directors declared a quarterly cash dividend of $0.25 per share. The dividend will be payable on September 29, 2017, to stockholders of record as of September 15, 2017.

Stock Performance

At the closing bell, on Friday, July 21, 2017, Fidelity National Financial's stock climbed 3.82%, ending the trading session at $47.57. A total volume of 1.35 million shares have exchanged hands, which was higher than the 3-month average volume of 1.27 million shares. The Company's stock price soared 19.82% in the last three months, 39.87% in the past six months, and 26.82% in the previous twelve months. Moreover, the stock skyrocketed 40.08% since the start of the year. The stock is trading at a PE ratio of 25.66 and has a dividend yield of 2.10%. The stock currently has a market cap of $13.89 billion.

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The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

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SOURCE: Pro-Trader Daily


© Accesswire 2017
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Financials ($)
Sales 2017 8 065 M
EBIT 2017 782 M
Net income 2017 567 M
Debt 2017 -
Yield 2017 2,81%
P/E ratio 2017 17,42
P/E ratio 2018 16,20
Capi. / Sales 2017 1,35x
Capi. / Sales 2018 1,44x
Capitalization 10 876 M
Chart FIDELITY NATIONAL FINANCIA
Duration : Period :
Fidelity National Financia Technical Analysis Chart | FNF | US31620R3030 | 4-Traders
Technical analysis trends FIDELITY NATIONAL FINANCIA
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 37,2 $
Spread / Average Target 4,5%
EPS Revisions
Managers
NameTitle
Raymond R. Quirk Chief Executive Officer & Director
Michael J. Nolan President
William Patrick Foley Non-Executive Chairman
Roger S. Jewkes Co-Chief Operating Officer
Anthony J. Park Chief Financial Officer & Executive Vice President
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