Cannae (NYSE:CNNE) Announces Quarterly Earnings Results

Cannae (NYSE:CNNE) issued its earnings results on Tuesday. The company reported ($0.22) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.12, Briefing.com reports. The company had revenue of $113.90 million for the quarter, compared to the consensus estimate of $105.67 million. Cannae had a negative net margin of 93.69% and a negative return on equity of 14.30%. The firm’s revenue for the quarter was down 20.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($2.18) EPS.

Cannae Price Performance

Cannae stock traded down $0.41 on Wednesday, reaching $21.22. The company’s stock had a trading volume of 25,561 shares, compared to its average volume of 534,980. Cannae has a twelve month low of $16.94 and a twelve month high of $22.99. The company has a market cap of $1.33 billion, a price-to-earnings ratio of -3.18 and a beta of 0.87. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.01 and a current ratio of 1.01. The business’s fifty day moving average price is $19.26 and its 200 day moving average price is $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 paid a dividend of $0.12 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.48 annualized dividend and a yield of 2.26%. Cannae’s dividend payout ratio is -7.09%.

About Cannae

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.