Dun & Bradstreet (NYSE:DNB - Get Free Report) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 1.000-1.040 for the period, compared to the consensus estimate of 1.030. The company issued revenue guidance of $2.4 billion-$2.4 billion, compared to the consensus revenue estimate of $2.4 billion.
Dun & Bradstreet Stock Performance
Shares of NYSE DNB traded up $0.23 during trading on Friday, reaching $9.72. 3,862,072 shares of the company traded hands, compared to its average volume of 3,533,098. The stock has a market cap of $4.30 billion, a P/E ratio of -88.36, a PEG ratio of 1.96 and a beta of 1.15. Dun & Bradstreet has a 12-month low of $8.68 and a 12-month high of $12.62. The firm's fifty day simple moving average is $9.82 and its 200 day simple moving average is $10.44. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.02.
Dun & Bradstreet (NYSE:DNB - Get Free Report) last issued its quarterly earnings data on Thursday, February 15th. The business services provider reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. The company had revenue of $630.40 million for the quarter, compared to analyst estimates of $623.19 million. Dun & Bradstreet had a positive return on equity of 10.65% and a negative net margin of 2.03%. Dun & Bradstreet's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company earned $0.28 earnings per share. As a group, research analysts anticipate that Dun & Bradstreet will post 0.88 earnings per share for the current fiscal year.
Dun & Bradstreet Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.20 dividend on an annualized basis and a yield of 2.06%. Dun & Bradstreet's payout ratio is currently -181.82%.
Wall Street Analyst Weigh In
DNB has been the topic of several research reports. Raymond James raised shares of Dun & Bradstreet from an outperform rating to a strong-buy rating and set a $18.00 price target on the stock in a research note on Friday, January 5th. Needham & Company LLC reaffirmed a buy rating and issued a $17.00 price target on shares of Dun & Bradstreet in a report on Thursday. The Goldman Sachs Group boosted their price objective on Dun & Bradstreet from $10.30 to $11.50 and gave the stock a neutral rating in a research note on Friday, February 16th. Finally, Jefferies Financial Group cut their target price on Dun & Bradstreet from $14.00 to $13.00 and set a buy rating for the company in a research note on Friday, April 12th. Four research 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 company. Based on data from MarketBeat.com, Dun & Bradstreet currently has a consensus rating of Moderate Buy and a consensus target price of $13.64.
Get Our Latest Analysis on Dun & Bradstreet
Insider Buying and Selling at Dun & Bradstreet
In other Dun & Bradstreet news, Director Cannae Holdings, Inc. sold 10,000,000 shares of Dun & Bradstreet stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $10.09, for a total transaction of $100,900,000.00. Following the completion of the sale, the director now directly owns 69,048,691 shares in the company, valued at $696,701,292.19. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 10.00% of the stock is currently owned by corporate insiders.
Dun & Bradstreet Company Profile
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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.
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