Dun & Bradstreet (NYSE:DNB) Posts Quarterly Earnings Results, Hits Expectations

Dun & Bradstreet (NYSE:DNB) announced its quarterly earnings data on Thursday. The business services provider reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23, Briefing.com reports. Dun & Bradstreet had a positive return on equity of 11.35% and a negative net margin of 1.42%. The business had revenue of $576.20 million during the quarter, compared to analysts’ expectations of $580.77 million. During the same quarter in the previous year, the business earned $0.17 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. 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 Stock Performance

NYSE DNB traded up $1.53 on Friday, hitting $11.82. 19,701,135 shares of the company traded hands, compared to its average volume of 3,464,495. The company has a current ratio of 0.71, a quick ratio of 0.62 and a debt-to-equity ratio of 1.08. The business’s 50 day moving average price is $9.68 and its 200-day moving average price is $10.11. The company has a market capitalization of $5.23 billion, a price-to-earnings ratio of -147.75, a P/E/G ratio of 1.89 and a beta of 1.15. Dun & Bradstreet has a 52-week low of $8.68 and a 52-week high of $12.75.

Dun & Bradstreet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be paid a $0.05 dividend. 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 (DPR) is -250.00%.

Wall Street Analyst Weigh In

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