Cannae (NYSE:CNNE) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS

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 return on equity of 8.26% and a negative net margin of 68.61%.

Cannae Price Performance

NYSE CNNE traded up $0.02 on Monday, hitting $19.16. 448,124 shares of the company’s stock were exchanged, compared to its average volume of 289,344. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 0.10. Cannae has a 52 week low of $16.94 and a 52 week high of $22.99. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of -3.98 and a beta of 0.86. The stock has a 50-day moving average of $19.56 and a 200-day moving average of $19.68.

Cannae Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 yield of 2.51%. Cannae’s dividend payout ratio (DPR) is -9.98%.

Analysts Set New Price Targets

Separately, Royal Bank of Canada lifted their price target on shares of 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.