Cannae (NYSE:CNNE) Issues Earnings Results

Cannae (NYSE:CNNE) issued its quarterly earnings data on Monday. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.03), Zacks reports. Cannae had a negative net margin of 68.61% and a negative return on equity of 8.26%.

Cannae Stock Up 0.1 %

Cannae stock traded up $0.02 during mid-day trading on Monday, reaching $19.16. The stock had a trading volume of 448,124 shares, compared to its average volume of 289,344. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of -3.98 and a beta of 0.86. The company has a 50-day moving average price of $19.56 and a two-hundred day moving average price of $19.68. Cannae has a one year low of $16.94 and a one year high of $22.99. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.55 and a quick ratio of 2.55.

Cannae Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.51%. Cannae’s dividend payout ratio (DPR) is presently -9.98%.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada boosted their target price on shares of Cannae from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Thursday, November 14th.

About Cannae

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 was founded in 2014 and is based in Las Vegas, Nevada.