Dun & Bradstreet (NYSE:DNB) Announces Quarterly Earnings Results

Dun & Bradstreet (NYSE:DNB) released its quarterly earnings results on Thursday. The business services provider reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23, Briefing.com reports. Dun & Bradstreet had a negative net margin of 1.42% and a positive return on equity of 11.35%. The firm had revenue of $576.20 million for the quarter, compared to analysts’ expectations of $580.77 million. During the same period in the prior year, the firm earned $0.17 EPS. The business’s revenue was up 3.9% on a year-over-year basis. Dun & Bradstreet updated its FY24 guidance to $1.00-1.04 EPS and its FY 2024 guidance to 1.000-1.040 EPS.

Dun & Bradstreet Price Performance

Shares of NYSE DNB traded up $1.53 during trading hours on Friday, hitting $11.82. 19,701,135 shares of the stock were exchanged, compared to its average volume of 3,464,495. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.62 and a current ratio of 0.71. The company has a market cap of $5.23 billion, a PE ratio of -147.75, a price-to-earnings-growth ratio of 1.89 and a beta of 1.15. The company’s fifty day simple moving average is $9.68 and its two-hundred day simple moving average is $10.11. Dun & Bradstreet has a 1-year low of $8.68 and a 1-year high of $12.75.

Dun & Bradstreet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, September 5th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, September 5th. This represents a $0.20 annualized dividend and a dividend yield of 1.69%. Dun & Bradstreet’s dividend payout ratio is -250.00%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Needham & Company LLC restated a “buy” rating and set a $17.00 target price on shares of Dun & Bradstreet in a research report on Tuesday, May 14th. Royal Bank of Canada decreased their target price on shares of Dun & Bradstreet from $15.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Friday. Finally, Jefferies Financial Group decreased their target price on shares of Dun & Bradstreet from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, April 12th. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $13.44.

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.