Fidelis Insurance (FIHL) Set to Announce Quarterly Earnings on Thursday

Fidelis Insurance (NYSE:FIHL) is scheduled to release its earnings data after the market closes on Thursday, May 9th. Analysts expect Fidelis Insurance to post earnings of $0.61 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Fidelis Insurance (NYSE:FIHL) last announced its quarterly earnings data on Thursday, February 29th. The company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.41. Fidelis Insurance had a return on equity of 20.23% and a net margin of 59.30%. The business had revenue of $553.70 million during the quarter, compared to the consensus estimate of $522.52 million. On average, analysts expect Fidelis Insurance to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Fidelis Insurance Stock Performance

Fidelis Insurance stock opened at $18.53 on Thursday. The stock has a market cap of $2.19 billion and a PE ratio of 0.97. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.21. Fidelis Insurance has a 12-month low of $11.55 and a 12-month high of $20.53. The business’s 50-day moving average price is $18.23 and its two-hundred day moving average price is $14.83.

Fidelis Insurance Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date was Thursday, March 14th. Fidelis Insurance’s payout ratio is 2.10%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FIHL. JMP Securities reiterated a “market outperform” rating and set a $24.00 price target on shares of Fidelis Insurance in a report on Monday, April 15th. JPMorgan Chase & Co. lifted their price objective on Fidelis Insurance from $17.00 to $17.50 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Fidelis Insurance from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Fidelis Insurance presently has a consensus rating of “Moderate Buy” and an average price target of $18.44.

About Fidelis Insurance

Fidelis Insurance Holdings Limited, together with its subsidiaries, provides insurance and reinsurance products in Bermuda, the Republic of Ireland, and the United Kingdom. It operates in three segments: Specialty, Reinsurance, and Bespoke segments. The Specialty segment offers aviation and aerospace, energy, marine, property direct and facultative, and other specialty risk solutions.