Dun & Bradstreet (NYSE:DNB) Updates FY 2024 Earnings Guidance

Dun & Bradstreet (NYSE:DNB - Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 1.000-1.040 for the period, compared to the consensus earnings per share estimate of 1.020. The company issued revenue guidance of $2.4 billion-$2.4 billion, compared to the consensus revenue estimate of $2.4 billion. Dun & Bradstreet also updated its FY24 guidance to $1.00-1.04 EPS.

Analysts Set New Price Targets

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

Dun & Bradstreet Trading Up 9.7 %

Shares of NYSE:DNB traded up $1.05 during mid-day trading on Thursday, reaching $11.89. 10,866,095 shares of the company were exchanged, compared to its average volume of 3,395,790. Dun & Bradstreet has a 1 year low of $8.68 and a 1 year high of $12.75. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.71 and a quick ratio of 0.71. The firm's 50-day simple moving average is $11.48 and its 200 day simple moving average is $10.55. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of -148.63, a P/E/G ratio of 2.66 and a beta of 1.16.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. Dun & Bradstreet had a positive return on equity of 11.35% and a negative net margin of 1.42%. The business had revenue of $576.20 million during the quarter, compared to analyst estimates of $580.77 million. During the same period last year, the business posted $0.17 earnings per share. The company's quarterly revenue was up 3.9% on a year-over-year basis. Equities research analysts forecast that Dun & Bradstreet will post 0.89 EPS 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 $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.68%. The ex-dividend date is Thursday, December 5th. Dun & Bradstreet's dividend payout ratio is currently -250.00%.

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.