Dun & Bradstreet (NYSE:DNB) Updates FY 2024 Earnings Guidance

Dun & Bradstreet (NYSE:DNB) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.000-1.040 for the period, compared to the consensus estimate of 1.020. The company issued revenue guidance of $2.4 billion-$2.4 billion, compared to the consensus revenue estimate of $2.4 billion. Dun & Bradstreet also updated its FY24 guidance to $1.00-1.04 EPS.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DNB shares. The Goldman Sachs Group upped their price objective on shares of Dun & Bradstreet from $10.40 to $11.80 and gave the company a “neutral” rating in a report on Monday, August 5th. Royal Bank of Canada reduced their target price on Dun & Bradstreet from $15.00 to $12.00 and set a “sector perform” rating for the company in a research note on Friday, August 2nd. JPMorgan Chase & Co. boosted their price target on Dun & Bradstreet from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Barclays upped their target price on Dun & Bradstreet from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. Finally, StockNews.com raised shares of Dun & Bradstreet from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $13.85.

Dun & Bradstreet Trading Up 0.2 %

Dun & Bradstreet stock traded up $0.02 during midday trading on Friday, hitting $11.91. 2,644,644 shares of the stock were exchanged, compared to its average volume of 2,577,218. The company has a current ratio of 0.70, a quick ratio of 0.71 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of -148.88, a PEG ratio of 2.76 and a beta of 1.15. The stock’s 50-day simple moving average is $11.47 and its 200 day simple moving average is $10.58. Dun & Bradstreet has a fifty-two week low of $8.77 and a fifty-two week high of $12.75.

Dun & Bradstreet (NYSE:DNB) last posted its earnings results on Thursday, August 1st. The business services provider reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. Dun & Bradstreet had a negative net margin of 1.46% and a positive return on equity of 11.50%. The company had revenue of $576.20 million for the quarter, compared to analysts’ expectations of $580.77 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. Dun & Bradstreet’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, equities analysts anticipate that Dun & Bradstreet will post 0.89 EPS for the current year.

Dun & Bradstreet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Thursday, December 5th. Dun & Bradstreet’s dividend payout ratio (DPR) is -250.00%.

Dun & Bradstreet Company Profile

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.