Cannae (NYSE:CNNE) Posts Earnings Results, Hits Expectations

Cannae (NYSE:CNNE - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported ($0.22) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.22), Briefing.com reports. The company had revenue of $113.90 million for the quarter, compared to analyst estimates of $105.67 million. Cannae had a negative net margin of 68.61% and a negative return on equity of 7.98%. The business's revenue for the quarter was down 20.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($2.18) earnings per share.

Cannae Trading Down 2.8 %

NYSE:CNNE traded down $0.61 on Wednesday, reaching $21.02. 629,693 shares of the company's stock were exchanged, compared to its average volume of 537,726. The business has a fifty day moving average of $19.31 and a 200-day moving average of $19.16. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.04. Cannae has a 52-week low of $16.94 and a 52-week high of $22.99. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of -4.37 and a beta of 0.87.

Cannae Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders 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 dividend on an annualized basis and a yield of 2.28%. Cannae's dividend payout ratio (DPR) is presently -9.98%.

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.