Cannae (NYSE:CNNE) Releases Quarterly Earnings Results, Meets Estimates

Cannae (NYSE:CNNE) released its quarterly earnings results on Tuesday. The company reported ($0.22) EPS for the quarter, hitting analysts’ consensus estimates 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 business had revenue of $113.90 million for the quarter, compared to analyst estimates of $105.67 million. During the same period in the prior year, the company earned ($2.18) EPS. Cannae’s revenue for the quarter was down 20.7% on a year-over-year basis.

Cannae Trading Down 0.6 %

CNNE stock traded down $0.13 during trading on Wednesday, hitting $21.50. The company had a trading volume of 77,449 shares, compared to its average volume of 535,216. The firm has a 50-day moving average price of $19.26 and a 200-day moving average price of $19.15. Cannae has a 12 month low of $16.94 and a 12 month high of $22.99. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of -3.18 and a beta of 0.87.

Cannae Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.48 annualized dividend and a dividend yield of 2.23%. Cannae’s dividend payout ratio (DPR) 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.