Fidelis Insurance (FIHL) to Release Earnings on Thursday

Fidelis Insurance (NYSE:FIHL) is set to post its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect Fidelis Insurance to post earnings of $0.61 per share for the quarter. Persons interested in listening to 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

Shares of NYSE:FIHL opened at $18.89 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.66 and a quick ratio of 0.66. The business’s 50 day moving average price is $18.51 and its 200-day moving average price is $14.93. The firm has a market capitalization of $2.23 billion and a PE ratio of 0.99. Fidelis Insurance has a 1 year low of $11.55 and a 1 year 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 issued a $0.10 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.40 dividend on an annualized basis and a yield of 2.12%. Fidelis Insurance’s payout ratio is 2.10%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FIHL. JPMorgan Chase & Co. upped their price objective on shares of Fidelis Insurance from $17.00 to $17.50 and gave the company a “neutral” rating in a report on Monday, April 8th. Keefe, Bruyette & Woods increased their price target on shares of Fidelis Insurance from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $24.00 price target on shares of Fidelis Insurance in a research report on Monday, April 15th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently 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.