Cannae (NYSE:CNNE) Issues Earnings Results

Cannae (NYSE:CNNE) released its quarterly earnings results on Monday. The company reported ($1.93) EPS for the quarter, missing the consensus estimate of ($0.38) by ($1.55), Zacks reports. The firm had revenue of $103.30 million for the quarter, compared to analysts’ expectations of $102.70 million. Cannae had a negative net margin of 108.39% and a negative return on equity of 23.16%. The business’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.74) earnings per share.

Here are the key takeaways from Cannae’s conference call:

• $630 million in proceeds from the sale of Dun & Bradstreet to Clearlake materially improved Cannae’s liquidity position.
• The board returned significant capital—repurchasing $323 million of stock (~17.4M shares, ~28% outstanding) and raising the quarterly dividend 25% to $0.15—supporting shareholder value.
• Management announced a strategic pivot to concentrate the portfolio on sports and entertainment, and is exploring monetizations of non‑strategic assets (including strategic alternatives for the restaurant group) to redeploy capital.
• Full‑year operating loss widened to $119 million, driven by non‑cash impairments (notably Alight goodwill write‑offs) and restaurant‑related charges, which pressured results below the operating line.
• Progress at Black Knight Football Club—strong on‑field performance across clubs, planned stadium expansions (phase one by 2026‑27, phase two by 2027‑28), and acquisition of the remaining 60% of FC Lorient for ~€60 million—supports long‑term asset value upside.

Cannae Trading Down 7.6%

Cannae stock opened at $11.70 on Wednesday. The firm has a market cap of $576.77 million, a PE ratio of -1.51 and a beta of 1.09. Cannae has a 12 month low of $11.24 and a 12 month high of $21.96. The stock’s 50 day simple moving average is $14.99 and its two-hundred day simple moving average is $16.81. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.05.

Cannae Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.1%. The ex-dividend date is Tuesday, March 17th. Cannae’s dividend payout ratio is currently -7.76%.

Analyst Ratings Changes

CNNE has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Cannae in a research note on Friday, January 9th. Royal Bank Of Canada cut their target price on Cannae from $19.00 to $16.00 and set an “outperform” rating on the stock in a research report on Tuesday. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.00.

Institutional Trading of Cannae

A number of hedge funds have recently added to or reduced their stakes in CNNE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Cannae by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,465 shares of the company’s stock worth $613,000 after acquiring an additional 1,405 shares during the period. Goldman Sachs Group Inc. raised its holdings in Cannae by 4.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 299,843 shares of the company’s stock worth $5,496,000 after purchasing an additional 11,788 shares during the period. Jane Street Group LLC raised its holdings in Cannae by 95.4% in the 1st quarter. Jane Street Group LLC now owns 54,393 shares of the company’s stock worth $997,000 after purchasing an additional 26,550 shares during the period. Quantbot Technologies LP purchased a new position in Cannae during the second quarter worth approximately $62,000. Finally, Jump Financial LLC grew its holdings in Cannae by 353.3% in the second quarter. Jump Financial LLC now owns 64,606 shares of the company’s stock valued at $1,347,000 after purchasing an additional 50,353 shares during the period. 88.12% of the stock is owned by hedge funds and other institutional investors.

About Cannae

Cannae Holdings, Inc (NYSE: CNNE) is a publicly traded diversified holding company that focuses on partnering with and investing in businesses across a range of industry sectors. The company seeks to identify attractive opportunities in both private and public markets, leveraging its capital resources and management expertise to support operational growth and value creation. Cannae’s investment strategy emphasizes companies in data and analytics, marketing services, healthcare technology, and payment processing.

Through its portfolio, Cannae holds controlling or significant minority stakes in companies that provide critical software, data and services to corporate clients.