Fidelis Insurance (FIHL) Set to Announce Earnings on Thursday

Fidelis Insurance (NYSE:FIHL) is scheduled to post its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.61 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Fidelis Insurance (NYSE:FIHL) last issued its quarterly earnings results on Thursday, February 29th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.41. The firm had revenue of $553.70 million for the quarter, compared to analyst estimates of $522.52 million. Fidelis Insurance had a return on equity of 20.23% and a net margin of 59.30%. 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

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

Fidelis Insurance Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.40 annualized dividend and a yield of 2.13%. Fidelis Insurance’s dividend payout ratio is currently 2.10%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Fidelis Insurance from $17.00 to $17.50 and gave the company a “neutral” rating in a research report on Monday, April 8th. Keefe, Bruyette & Woods boosted their price objective 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. Finally, JMP Securities restated a “market outperform” rating and set a $24.00 target price on shares of Fidelis Insurance in a research note on Monday, April 15th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.