Dun & Bradstreet (NYSE:DNB) Issues FY24 Earnings Guidance

Dun & Bradstreet (NYSE:DNB) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.00-1.04 for the period, compared to the consensus earnings per share estimate of $1.03. The company issued revenue guidance of $2.4-2.44 billion, compared to the consensus revenue estimate of $2.42 billion.

Dun & Bradstreet Trading Up 2.4 %

DNB opened at $9.72 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.63 and a current ratio of 0.62. Dun & Bradstreet has a 12 month low of $8.68 and a 12 month high of $12.62. The company has a fifty day simple moving average of $9.81 and a 200 day simple moving average of $10.44.

Dun & Bradstreet (NYSE:DNB) last released its quarterly earnings data on Thursday, February 15th. The business services provider reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. Dun & Bradstreet had a negative net margin of 1.56% and a positive return on equity of 10.99%. The business had revenue of $630.40 million during the quarter, compared to analysts’ expectations of $623.19 million. During the same quarter in the prior year, the company earned $0.28 EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. On average, analysts predict that Dun & Bradstreet will post 0.88 EPS 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. Investors of record on Thursday, June 6th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Thursday, June 6th. Dun & Bradstreet’s dividend payout ratio is currently -250.00%.

Analyst Ratings Changes

DNB has been the subject of a number of recent analyst reports. Jefferies Financial Group lowered their price objective on shares of Dun & Bradstreet from $14.00 to $13.00 and set a buy rating for the company in a research report on Friday, April 12th. The Goldman Sachs Group boosted their price target on Dun & Bradstreet from $10.30 to $11.50 and gave the company a neutral rating in a report on Friday, February 16th. Finally, Needham & Company LLC reaffirmed a buy rating and set a $17.00 price objective on shares of Dun & Bradstreet in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $13.64.

Insider Activity

In related news, Director Cannae Holdings, Inc. sold 10,000,000 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $10.09, for a total transaction of $100,900,000.00. Following the sale, the director now owns 69,048,691 shares in the company, valued at $696,701,292.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.00% of the stock is owned by corporate insiders.

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.