Cannae (NYSE:CNNE) Posts Earnings Results

Cannae (NYSE:CNNE) released its quarterly earnings results on Monday. The company reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.03), Zacks reports. Cannae had a negative net margin of 68.61% and a negative return on equity of 8.26%.

Cannae Stock Up 0.1 %

Shares of NYSE:CNNE opened at $19.16 on Tuesday. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of -3.98 and a beta of 0.87. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.55 and a quick ratio of 2.55. The business’s 50-day moving average is $19.53 and its 200-day moving average is $19.68. Cannae has a 1 year low of $16.94 and a 1 year high of $22.99.

Cannae Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.51%. Cannae’s dividend payout ratio is -9.98%.

Analyst Ratings Changes

Separately, Royal Bank of Canada upped their price target on Cannae from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th.

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.