Dun & Bradstreet (NYSE:DNB) Releases FY 2024 Earnings Guidance

Dun & Bradstreet (NYSE:DNB) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.000-1.040 for the period, compared to the consensus earnings per share estimate of 1.020. The company issued revenue guidance of $2.4 billion-$2.4 billion, compared to the consensus revenue estimate of $2.4 billion. Dun & Bradstreet also updated its FY24 guidance to $1.00-1.04 EPS.

Dun & Bradstreet Stock Performance

NYSE DNB traded up $1.31 during trading on Thursday, reaching $12.15. The company’s stock had a trading volume of 2,849,252 shares, compared to its average volume of 3,357,589. Dun & Bradstreet has a twelve month low of $8.68 and a twelve month high of $12.75. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of -152.75, a P/E/G ratio of 2.66 and a beta of 1.16. The business’s fifty day moving average price is $11.48 and its 200-day moving average price is $10.54. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.71 and a current ratio of 0.71.

Dun & Bradstreet (NYSE:DNB) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. The firm had revenue of $576.20 million during the quarter, compared to the consensus estimate of $580.77 million. Dun & Bradstreet had a positive return on equity of 11.35% and a negative net margin of 1.42%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the company earned $0.17 earnings per share. As a group, analysts anticipate that Dun & Bradstreet will post 0.89 EPS for the current fiscal year.

Dun & Bradstreet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.65%. Dun & Bradstreet’s dividend payout ratio (DPR) is -250.00%.

Analysts Set New Price Targets

A number of brokerages recently commented on DNB. Barclays raised their price objective on shares of Dun & Bradstreet from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. StockNews.com upgraded Dun & Bradstreet from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Needham & Company LLC reissued a “buy” rating and issued a $17.00 target price on shares of Dun & Bradstreet in a report on Monday, August 5th. Royal Bank of Canada lowered their price target on shares of Dun & Bradstreet from $15.00 to $12.00 and set a “sector perform” rating on the stock in a research note on Friday, August 2nd. Finally, The Goldman Sachs Group boosted their price objective on shares of Dun & Bradstreet from $10.40 to $11.80 and gave the stock a “neutral” rating in a report on Monday, August 5th. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Dun & Bradstreet has a consensus rating of “Moderate Buy” and an average price target of $13.85.

Dun & Bradstreet Company Profile

Dun & Bradstreet Holdings, Inc, together with its subsidiaries, provides business-to-business data and analytics in North America and internationally. It offers finance and risk solutions, including D&B Finance Analytics, an online application that offers clients real time access to its information, comprehensive monitoring, and portfolio analysis; D&B Direct, an application programming interface (API) that delivers risk and financial data directly into enterprise applications for real-time credit decision-making; D&B Small Business, a suite of tools that allows SMBs to monitor and build their business credit file; D&B Enterprise Risk Assessment Manager, a solution for managing and automating credit decisioning and reporting; and D&B Risk Analytics, a subscription-based online application that offers clients real-time access to complete and up-to-date global information to mitigate supply chain risk, regulatory risk, and ESG assessment, as well as other related risks; Risk Guardian, a subscription-based online application that offers real-time access to Northern Europe information, monitoring, and portfolio analysis; and D&B Beneficial Ownership that offers risk intelligence on ultimate beneficial ownership.