Cannae (NYSE:CNNE) Releases Earnings Results

Cannae (NYSE:CNNE) issued its earnings results on Monday. The company reported ($0.45) earnings per share 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 Trading Up 0.1 %

NYSE CNNE opened at $19.16 on Tuesday. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.10. Cannae has a twelve month low of $16.94 and a twelve month high of $22.99. The company has a market cap of $1.20 billion, a price-to-earnings ratio of -3.98 and a beta of 0.87. The business’s fifty day moving average is $19.53 and its 200 day moving average is $19.68.

Cannae Announces Dividend

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

Analyst Ratings Changes

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

Cannae Company Profile

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.