Cannae (NYSE:CNNE) posted its quarterly earnings data on Monday. The company reported $5.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $5.89, MarketWatch Earnings reports. Cannae had a net margin of 184.40% and a return on equity of 52.16%. The company had revenue of $170.40 million for the quarter, compared to analyst estimates of $179.35 million. During the same period in the prior year, the company posted $0.66 EPS. The firm’s revenue for the quarter was down 38.8% on a year-over-year basis.
Shares of Cannae stock traded up $0.23 on Tuesday, hitting $38.30. 50,923 shares of the company traded hands, compared to its average volume of 962,304. The company has a current ratio of 3.10, a quick ratio of 3.06 and a debt-to-equity ratio of 0.01. The company has a market cap of $3.51 billion, a PE ratio of 2.43 and a beta of 0.72. The stock’s 50 day moving average price is $41.17 and its 200-day moving average price is $39.75. Cannae has a 52 week low of $20.51 and a 52 week high of $46.57.
Several equities research analysts have recently weighed in on the company. Oppenheimer began coverage on Cannae in a report on Thursday, November 19th. They issued an “outperform” rating and a $49.00 price target on the stock. Zacks Investment Research upgraded Cannae from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 2nd.
Cannae Holdings, Inc is a principal investment firm. The firm primarily invests in restaurants, technology enabled healthcare services, financial services and more. It takes both minority and majority stakes. Cannae Holdings, Inc is based in Las Vegas, Nevada.
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