Cannae (NYSE:CNNE) Announces Quarterly Earnings Results

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

Cannae Stock Performance

NYSE CNNE opened at $21.02 on Thursday. Cannae has a twelve month low of $16.94 and a twelve month high of $22.99. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.32 billion, a P/E ratio of -4.37 and a beta of 0.87. The company’s 50-day simple moving average is $19.31 and its 200 day simple moving average is $19.16.

Cannae Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Tuesday, December 17th. Cannae’s payout ratio is -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.