Cannae (CNNE) to Release Quarterly Earnings on Monday

Cannae (NYSE:CNNE - Get Free Report) is expected to post its Q1 2025 quarterly earnings results after the market closes on Monday, May 12th. Analysts expect Cannae to post earnings of ($0.56) per share and revenue of $105.30 million for the quarter.

Cannae Stock Performance

Shares of NYSE:CNNE traded down $0.08 on Friday, hitting $18.40. 276,952 shares of the company were exchanged, compared to its average volume of 444,023. The company's 50 day moving average price is $17.59 and its two-hundred day moving average price is $19.15. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of -3.83 and a beta of 1.03. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.55 and a current ratio of 2.55. Cannae has a one year low of $15.92 and a one year high of $22.36.

Cannae announced that its Board of Directors has approved a share buyback program on Tuesday, March 25th that permits the company to repurchase 10,000,000 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its shares are undervalued.

Cannae Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $0.12 per share. The ex-dividend date is Monday, June 16th. This represents a $0.48 annualized dividend and a yield of 2.61%. Cannae's dividend payout ratio is -10.17%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CNNE shares. Oppenheimer lowered their price objective on Cannae from $27.00 to $22.00 and set an "outperform" rating on the stock in a research report on Friday, March 7th. Royal Bank of Canada lowered their price target on shares of Cannae from $27.00 to $23.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th.

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.