Dun & Bradstreet (NYSE:DNB) Issues FY24 Earnings Guidance

Dun & Bradstreet (NYSE:DNB) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $1.00-1.04 for the period, compared to the consensus EPS estimate of $1.02. The company issued revenue guidance of low end of $2.40-2.44 billion, compared to the consensus revenue estimate of $2.41 billion. Dun & Bradstreet also updated its FY 2024 guidance to 1.000-1.040 EPS.

Dun & Bradstreet Stock Up 0.2 %

Shares of NYSE:DNB opened at $11.91 on Friday. The company has a market cap of $5.26 billion, a PE ratio of -148.88, a price-to-earnings-growth ratio of 2.76 and a beta of 1.15. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.71 and a current ratio of 0.70. The firm has a 50 day simple moving average of $11.47 and a 200 day simple moving average of $10.58. Dun & Bradstreet has a 52 week low of $8.77 and a 52 week high of $12.75.

Dun & Bradstreet (NYSE:DNB) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. The firm 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 1.46% and a positive return on equity of 11.50%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 EPS. As a group, research analysts expect that Dun & Bradstreet will post 0.89 earnings per share for the current year.

Dun & Bradstreet Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently commented on DNB shares. Barclays increased their price target on shares of Dun & Bradstreet from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. Needham & Company LLC restated a “buy” rating and set a $17.00 price target on shares of Dun & Bradstreet in a research note on Friday. JPMorgan Chase & Co. raised their target price on shares of Dun & Bradstreet from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. StockNews.com upgraded shares of Dun & Bradstreet from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, The Goldman Sachs Group raised their target price on shares of Dun & Bradstreet from $10.40 to $11.80 and gave the company a “neutral” rating in a research note on Monday, August 5th. 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.85.

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.