Brokerages expect that FIS (NYSE:FIS) will announce earnings per share (EPS) of $1.20 for the current quarter, according to Zacks. Ten analysts have made estimates for FIS’s earnings, with the lowest EPS estimate coming in at $1.12 and the highest estimate coming in at $1.23. FIS posted earnings of $1.02 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 17.6%. The firm is scheduled to issue its next earnings report on Wednesday, August 1st.
According to Zacks, analysts expect that FIS will report full year earnings of $5.22 per share for the current financial year, with EPS estimates ranging from $5.17 to $5.26. For the next year, analysts expect that the company will report earnings of $5.80 per share, with EPS estimates ranging from $5.68 to $5.90. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover FIS.
Get FIS alerts:FIS (NYSE:FIS) last released its quarterly earnings data on Tuesday, May 1st. The information technology services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.04. FIS had a net margin of 15.26% and a return on equity of 14.98%. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the previous year, the business earned $0.86 EPS. FIS’s quarterly revenue was down 3.8% compared to the same quarter last year.
Several equities research analysts recently issued reports on FIS shares. Royal Bank of Canada reaffirmed a “buy” rating and issued a $116.00 price objective on shares of FIS in a research note on Wednesday, February 7th. Stephens reaffirmed a “buy” rating and issued a $114.00 price objective on shares of FIS in a research note on Thursday, April 5th. Zacks Investment Research raised shares of FIS from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a research note on Friday, February 9th. Citigroup lifted their price objective on shares of FIS from $112.00 to $114.00 and gave the company a “buy” rating in a research note on Wednesday, May 2nd. Finally, ValuEngine raised shares of FIS from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $111.75.
Shares of FIS stock traded down $0.34 on Friday, hitting $103.46. The company’s stock had a trading volume of 837,610 shares, compared to its average volume of 2,044,482. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. FIS has a fifty-two week low of $83.36 and a fifty-two week high of $105.02. The firm has a market cap of $34.36 billion, a PE ratio of 23.41, a PEG ratio of 1.66 and a beta of 0.91.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Thursday, June 14th. FIS’s dividend payout ratio is 28.96%.
In other FIS news, EVP Lenore D. Williams sold 7,843 shares of the business’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $104.56, for a total transaction of $820,064.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP James W. Woodall sold 87,195 shares of the business’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $100.60, for a total transaction of $8,771,817.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 781,112 shares of company stock valued at $77,884,336. Company insiders own 2.08% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Calton & Associates Inc. acquired a new position in FIS during the 4th quarter worth $123,000. Cerebellum GP LLC acquired a new position in shares of FIS during the fourth quarter valued at about $126,000. Virtu Financial LLC acquired a new position in shares of FIS during the fourth quarter valued at about $201,000. Bell & Brown Wealth Advisors LLC acquired a new position in shares of FIS during the fourth quarter valued at about $203,000. Finally, Penbrook Management LLC acquired a new position in shares of FIS during the fourth quarter valued at about $212,000. 86.34% of the stock is owned by hedge funds and other institutional investors.
FIS Company Profile
Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.
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