Earnings Review: Fidelity National Information Services Inc. (NYSE: FIS)

On Tuesday, Shares of Fidelity National Information Services Inc. (NYSE: FIS) rose 0.90% to $122.62. The stock traded total volume of 2.710M shares lower than the average volume of 3.71M shares.

FIS™ (FIS) recently declared that on a GAAP basis, revenue reduced 0.5 percent to $2,057.0M from $2,066.0M in the prior year quarter. Operating income increased to $315.0M from $294.0M in the prior year quarter, while operating income margin expanded 110 basis points to 15.3 percent. Net earnings attributable to common stockholders were $148.0M for the quarter, or $0.45 per diluted share, contrast to $0.54 per diluted share in the prior year quarter, a decrease of 16.7 percent.

Adjusted EBITDA increased to $729.0M from $705.0M in the prior year quarter, while adjusted EBITDA margin expanded 130 basis points to 35.4 percent. Adjusted net earnings attributable to common stockholders was $535.0M, or $1.64 per diluted share, contrast to $1.50 per diluted share in the prior year quarter, a boost of 9.3 percent.

Related:  SponsorsOne (SPO.CN) Surges By 66%, Not Exceeding 0.0250 In An Entire Month.

Balance Sheet and Cash Flows:

As of March 31, 2019, cash and cash equivalents totaled $576.0M and debt outstanding totaled $9,215.0M with an effective weighted average interest rate of 3.3 percent. Net cash offered by operating activities was $294.0M and free cash flow was $249.0M for the quarter.

The Company repurchased 3.90M common shares in January 2019 at a total cost of about $400.0M. About $2,280.0M remained under the existing share repurchase authorization as of March 31, 2019. The Company paid dividends of $113.0M in the quarter.

FIS has the market capitalization of $39.61B and its EPS growth ratio for the past five years was 8.90%. The return on assets ratio of the Company was 3.40% while its return on investment ratio stands at 6.50%. Price to sales ratio was 4.71 while 95.20% of the stock was owned by institutional investors.

Richard McEntire

Finance and Entertainment ReporterRichard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.


Notice: ob_end_flush(): failed to send buffer of zlib output compression (0) in /home/zjrlrgmy/public_html/wp-includes/functions.php on line 5107