Dun & Bradstreet (NYSE:DNB) Releases 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 for the quarter, meeting the consensus estimate of $0.23, Briefing.com reports. The business had revenue of $576.20 million for the quarter, compared to analyst estimates of $580.77 million. Dun & Bradstreet had a negative net margin of 1.42% and a positive return on equity of 11.35%. Dun & Bradstreet’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.17 earnings per share. 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 Up 14.9 %

DNB traded up $1.53 during trading hours on Friday, hitting $11.82. 19,701,135 shares of the company’s stock were exchanged, compared to its average volume of 3,464,495. The company has a quick ratio of 0.62, a current ratio of 0.71 and a debt-to-equity ratio of 1.08. Dun & Bradstreet has a 1-year low of $8.68 and a 1-year high of $12.75. The stock’s 50-day moving average is $9.68 and its two-hundred day moving average is $10.11. The stock has a market cap of $5.23 billion, a price-to-earnings ratio of -147.75, a PEG ratio of 1.89 and a beta of 1.15.

Dun & Bradstreet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Thursday, September 5th. Dun & Bradstreet’s dividend payout ratio is presently -250.00%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DNB shares. Royal Bank of Canada decreased their target price on Dun & Bradstreet from $15.00 to $12.00 and set a “sector perform” rating for the company in a research report on Friday. Jefferies Financial Group reduced their price target on shares of Dun & Bradstreet from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, April 12th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $17.00 price target on shares of Dun & Bradstreet in a report on Tuesday, May 14th. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $13.44.

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.