Dun & Bradstreet (NYSE:DNB) Issues FY 2024 Earnings Guidance

Dun & Bradstreet (NYSE:DNB) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 1.000-1.040 for the period, compared to the consensus EPS estimate of 1.030. The company issued revenue guidance of $2.4 billion-$2.4 billion, compared to the consensus revenue estimate of $2.4 billion. Dun & Bradstreet also updated its FY24 guidance to $1.00-1.04 EPS.

Dun & Bradstreet Stock Performance

Shares of DNB traded down $0.75 during mid-day trading on Thursday, hitting $10.13. The stock had a trading volume of 3,333,243 shares, compared to its average volume of 3,562,958. Dun & Bradstreet has a 52 week low of $8.68 and a 52 week high of $12.62. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.62 and a quick ratio of 0.62. The business has a fifty day moving average price of $9.64 and a 200-day moving average price of $10.12. The firm has a market cap of $4.48 billion, a P/E ratio of -123.75, a PEG ratio of 2.03 and a beta of 1.16.

Dun & Bradstreet (NYSE:DNB) last announced its quarterly earnings data on Thursday, May 2nd. The business services provider reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $564.50 million for the quarter, compared to analysts’ expectations of $567.77 million. Dun & Bradstreet had a positive return on equity of 10.99% and a negative net margin of 1.56%. On average, equities research analysts expect that Dun & Bradstreet will post 0.89 EPS for the current year.

Dun & Bradstreet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, September 5th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Thursday, September 5th. Dun & Bradstreet’s payout ratio is currently -250.00%.

Wall Street Analyst Weigh In

DNB has been the topic of several recent analyst reports. Needham & Company LLC reiterated a buy rating and issued a $17.00 target price on shares of Dun & Bradstreet in a research note on Tuesday, May 14th. Jefferies Financial Group dropped their price objective on Dun & Bradstreet from $14.00 to $13.00 and set a buy rating for the company in a research note on Friday, April 12th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Dun & Bradstreet has a consensus rating of Moderate Buy and a consensus price target of $13.64.

About Dun & Bradstreet

Dun & Bradstreet Holdings, Inc, together with its subsidiaries, provides business-to-business data and analytics in North America and internationally. It offers finance and risk solutions, including D&B Finance Analytics, an online application that offers clients real time access to its information, comprehensive monitoring, and portfolio analysis; D&B Direct, an application programming interface (API) that delivers risk and financial data directly into enterprise applications for real-time credit decision-making; D&B Small Business, a suite of tools that allows SMBs to monitor and build their business credit file; D&B Enterprise Risk Assessment Manager, a solution for managing and automating credit decisioning and reporting; and D&B Risk Analytics, a subscription-based online application that offers clients real-time access to complete and up-to-date global information to mitigate supply chain risk, regulatory risk, and ESG assessment, as well as other related risks; Risk Guardian, a subscription-based online application that offers real-time access to Northern Europe information, monitoring, and portfolio analysis; and D&B Beneficial Ownership that offers risk intelligence on ultimate beneficial ownership.