Fidelity National Information Services, Inc. (NYSE:FIS) Expected to Announce Quarterly Sales of $3.16 Billion


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Equities analysts expect Fidelity National Information Services, Inc. (NYSE:FIS) to announce sales of $3.16 billion for the current fiscal quarter, according to Zacks. Twelve analysts have made estimates for Fidelity National Information Services’ earnings, with the lowest sales estimate coming in at $3.14 billion and the highest estimate coming in at $3.19 billion. Fidelity National Information Services reported sales of $3.08 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 2.6%. The business is scheduled to announce its next earnings report before the market opens on Thursday, May 6th.

According to Zacks, analysts expect that Fidelity National Information Services will report full-year sales of $13.65 billion for the current year, with estimates ranging from $13.55 billion to $13.78 billion. For the next year, analysts expect that the business will report sales of $14.69 billion, with estimates ranging from $14.43 billion to $14.96 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Fidelity National Information Services.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Monday, February 8th. The information technology services provider reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.06. The firm had revenue of $3.32 billion during the quarter, compared to analyst estimates of $3.33 billion. Fidelity National Information Services had a negative net margin of 0.83% and a positive return on equity of 6.88%. The company’s revenue was down .8% on a year-over-year basis. During the same quarter last year, the business posted $1.57 EPS.

Several research firms have issued reports on FIS. Sanford C. Bernstein restated a “market perform” rating on shares of Fidelity National Information Services in a research report on Wednesday, January 27th. Robert W. Baird lifted their target price on shares of Fidelity National Information Services from $166.00 to $176.00 and gave the company an “outperform” rating in a research report on Wednesday, April 21st. KeyCorp decreased their target price on shares of Fidelity National Information Services from $170.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 27th. TheStreet upgraded shares of Fidelity National Information Services from a “c” rating to a “b-” rating in a research report on Friday, March 12th. Finally, Rosenblatt Securities lifted their price target on shares of Fidelity National Information Services from $140.00 to $146.00 and gave the company a “neutral” rating in a report on Monday, April 26th. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Fidelity National Information Services has an average rating of “Buy” and a consensus price target of $161.04.

NYSE:FIS traded down $1.43 during midday trading on Thursday, reaching $150.46. The stock had a trading volume of 3,216,539 shares, compared to its average volume of 3,821,395. Fidelity National Information Services has a 1-year low of $120.17 and a 1-year high of $156.73. The firm’s fifty day simple moving average is $148.10 and its 200-day simple moving average is $140.95. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market capitalization of $93.60 billion, a P/E ratio of -843.83, a PEG ratio of 1.32 and a beta of 0.81.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 25th. Investors of record on Friday, June 11th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Thursday, June 10th. Fidelity National Information Services’s dividend payout ratio is currently 27.81%.

Fidelity National Information Services declared that its Board of Directors has initiated a share buyback plan on Monday, February 1st that permits the company to buyback 100,000,000 shares. This buyback authorization permits the information technology services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

In related news, CEO Gary Norcross sold 79,131 shares of the business’s stock in a transaction that occurred on Tuesday, March 2nd. The shares were sold at an average price of $140.29, for a total transaction of $11,101,287.99. Also, EVP Marc M. Mayo sold 27,409 shares of the business’s stock in a transaction that occurred on Thursday, April 8th. The shares were sold at an average price of $150.00, for a total transaction of $4,111,350.00. Following the transaction, the executive vice president now owns 57,889 shares of the company’s stock, valued at approximately $8,683,350. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 266,892 shares of company stock valued at $38,224,223. Corporate insiders own 0.70% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Vantage Consulting Group Inc acquired a new position in shares of Fidelity National Information Services in the fourth quarter valued at approximately $25,000. Fieldpoint Private Securities LLC acquired a new position in shares of Fidelity National Information Services in the fourth quarter valued at approximately $27,000. Concord Wealth Partners acquired a new position in shares of Fidelity National Information Services in the fourth quarter valued at approximately $27,000. Curi Capital bought a new stake in shares of Fidelity National Information Services in the fourth quarter worth $28,000. Finally, Dimension Capital Management LLC bought a new stake in shares of Fidelity National Information Services in the third quarter worth $31,000. Institutional investors own 90.53% of the company’s stock.

About Fidelity National Information Services

Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers merchant acquiring, integrated payment, and global e-commerce solutions.

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Earnings History and Estimates for Fidelity National Information Services (NYSE:FIS)

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