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

Fidelis Insurance (NYSE:FIHL) is scheduled to be releasing 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. Individual interested in participating in the company’s earnings conference call can do so using this link.

Fidelis Insurance (NYSE:FIHL) last posted its earnings results on Thursday, February 29th. The company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.41. Fidelis Insurance had a net margin of 59.30% and a return on equity of 20.23%. The company had revenue of $553.70 million during the quarter, compared to analyst estimates 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 Trading Down 0.5 %

NYSE FIHL opened at $18.80 on Wednesday. The stock has a market cap of $2.22 billion and a P/E ratio of 0.99. Fidelis Insurance has a fifty-two week low of $11.55 and a fifty-two week high of $20.53. The stock has a 50 day simple moving average of $18.59 and a two-hundred day simple moving average of $14.97. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.66 and a current ratio of 0.66.

Fidelis Insurance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.13%. The ex-dividend date was Thursday, March 14th. Fidelis Insurance’s dividend payout ratio (DPR) is currently 2.10%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Fidelis Insurance from $17.00 to $17.50 and gave the stock a “neutral” rating in a research report on Monday, April 8th. JMP Securities reaffirmed a “market outperform” rating and issued a $24.00 price target on shares of Fidelis Insurance in a research note on Monday, April 15th. Finally, Keefe, Bruyette & Woods raised their price objective on Fidelis Insurance from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $18.44.

Fidelis Insurance Company Profile

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.