Dun & Bradstreet (NYSE:DNB) Posts Earnings Results

Dun & Bradstreet (NYSE:DNB - Get Free Report) released its quarterly earnings results on Thursday. The business services provider reported $0.27 EPS for the quarter, hitting analysts' consensus estimates of $0.27, Briefing.com reports. Dun & Bradstreet had a negative net margin of 1.46% and a positive return on equity of 11.50%. The firm had revenue of $609.10 million during the quarter, compared to analysts' expectations of $605.64 million. During the same period in the previous year, the company earned $0.23 EPS. The firm's revenue for the quarter was up 3.5% compared to the same quarter last year. Dun & Bradstreet updated its FY24 guidance to $1.00-1.04 EPS and its FY 2024 guidance to 1.000-1.040 EPS.

Dun & Bradstreet Stock Up 0.2 %

Shares of NYSE DNB traded up $0.02 during midday trading on Friday, reaching $11.91. 2,644,644 shares of the company's stock traded hands, compared to its average volume of 2,577,218. The company has a quick ratio of 0.71, a current ratio of 0.70 and a debt-to-equity ratio of 1.08. The stock's 50 day simple moving average is $11.47 and its 200-day simple moving average is $10.59. Dun & Bradstreet has a one year low of $8.77 and a one year high of $12.75. The company has a market cap of $5.26 billion, a price-to-earnings ratio of -148.88, a P/E/G ratio of 2.76 and a beta of 1.15.

Dun & Bradstreet Dividend Announcement

The firm also recently disclosed 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 1.68%. Dun & Bradstreet's dividend payout ratio is presently -250.00%.

Wall Street Analysts Forecast Growth

DNB has been the subject of a number of recent analyst reports. Royal Bank of Canada dropped their price target on shares of Dun & Bradstreet from $15.00 to $12.00 and set a "sector perform" rating for the company in a research note on Friday, August 2nd. Barclays upped their target price on shares of Dun & Bradstreet from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Friday, September 13th. StockNews.com upgraded shares of Dun & Bradstreet from a "sell" rating to a "hold" rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. upped their target price on shares of Dun & Bradstreet from $11.00 to $13.00 and gave the stock a "neutral" rating in a research note on Monday, August 5th. Finally, Needham & Company LLC restated a "buy" rating and issued a $17.00 target price on shares of Dun & Bradstreet in a research note on Friday. 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 company's stock. According to data from MarketBeat, Dun & Bradstreet presently has an average rating of "Moderate Buy" and a consensus target price 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.