Cannae (NYSE:CNNE) Posts Earnings Results, Hits Estimates

Cannae (NYSE:CNNE) posted its quarterly earnings data on Tuesday. The company reported ($0.22) EPS for the quarter, meeting the consensus estimate of ($0.22), Briefing.com reports. Cannae had a negative return on equity of 14.30% and a negative net margin of 93.69%. The firm had revenue of $113.90 million during the quarter, compared to the consensus estimate of $105.67 million. During the same period in the prior year, the business earned ($2.18) EPS. The firm’s revenue was down 20.7% compared to the same quarter last year.

Cannae Stock Performance

Shares of NYSE:CNNE traded down $0.13 during midday trading on Wednesday, hitting $21.50. The stock had a trading volume of 77,449 shares, compared to its average volume of 535,216. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.35 billion, a PE ratio of -3.18 and a beta of 0.87. Cannae has a 1 year low of $16.94 and a 1 year high of $22.99. The stock has a 50 day moving average price of $19.26 and a two-hundred day moving average price of $19.15.

Cannae Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.48 dividend on an annualized basis and a yield of 2.23%. Cannae’s payout ratio is currently -7.09%.

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.