Dun & Bradstreet (NYSE:DNB) Updates FY24 Earnings Guidance

Dun & Bradstreet (NYSE:DNB) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.00-1.04 for the period, compared to the consensus estimate of $1.02. The company issued revenue guidance of low end of $2.40-2.44 billion, compared to the consensus revenue estimate of $2.41 billion. Dun & Bradstreet also updated its FY 2024 guidance to 1.000-1.040 EPS.

Wall Street Analyst Weigh In

Several research firms have recently commented on DNB. Needham & Company LLC restated a “buy” rating and set a $17.00 price target on shares of Dun & Bradstreet in a research note on Friday. Barclays upped their price objective on shares of Dun & Bradstreet from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Friday, September 13th. StockNews.com raised shares of Dun & Bradstreet from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group boosted their price target on shares of Dun & Bradstreet from $10.40 to $11.80 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Dun & Bradstreet from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $13.85.

Dun & Bradstreet Price Performance

Shares of NYSE DNB traded up $0.02 during midday trading on Friday, hitting $11.91. The company had a trading volume of 2,644,644 shares, compared to its average volume of 3,392,246. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 1.08. The business has a 50-day simple moving average of $11.47 and a two-hundred day simple moving average of $10.58. Dun & Bradstreet has a twelve month low of $8.77 and a twelve month high of $12.75. The firm has a market capitalization of $5.26 billion, a price-to-earnings ratio of -148.86, a price-to-earnings-growth ratio of 2.51 and a beta of 1.16.

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

Dun & Bradstreet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given 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 yield of 1.68%. Dun & Bradstreet’s payout ratio is -249.97%.

About Dun & Bradstreet

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.