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.

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.

Ameena Dalia

Finance and Entertainment Reporter