Dun & Bradstreet (NYSE:DNB) Updates FY 2021 Earnings Guidance

Dun & Bradstreet (NYSE:DNB) updated its FY 2021 earnings guidance on Thursday. The company provided earnings per share guidance of $1.060-$1.090 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.050. The company issued revenue guidance of $2.15 billion-$2.18 billion, compared to the consensus revenue estimate of $2.16 billion.

Several equities analysts have weighed in on the stock. Royal Bank of Canada lowered their price target on shares of Dun & Bradstreet from $30.00 to $24.00 and set an outperform rating on the stock in a report on Friday, November 5th. Raymond James lifted their price objective on shares of Dun & Bradstreet from $26.00 to $27.00 and gave the company an outperform rating in a research report on Friday, November 5th. Citigroup reduced their price objective on shares of Dun & Bradstreet from $28.00 to $21.00 and set a neutral rating on the stock in a research report on Wednesday, September 29th. Barclays reduced their price objective on shares of Dun & Bradstreet from $28.00 to $25.00 and set an overweight rating on the stock in a research report on Friday, August 6th. Finally, Zacks Investment Research upgraded shares of Dun & Bradstreet from a sell rating to a hold rating in a research report on Wednesday, October 6th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Buy and an average price target of $25.67.

DNB traded up $0.46 during trading hours on Thursday, hitting $18.71. The company’s stock had a trading volume of 1,438,976 shares, compared to its average volume of 1,991,131. The business’s 50-day moving average price is $18.49 and its 200-day moving average price is $19.69. Dun & Bradstreet has a 12 month low of $16.61 and a 12 month high of $27.85. The stock has a market cap of $8.07 billion, a price-to-earnings ratio of -155.90 and a beta of 0.63. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.97.

Dun & Bradstreet (NYSE:DNB) last announced its quarterly earnings results on Thursday, November 4th. The business services provider reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.03. Dun & Bradstreet had a negative net margin of 2.59% and a positive return on equity of 12.10%. The company had revenue of $541.90 million for the quarter, compared to analysts’ expectations of $533.67 million. During the same quarter in the previous year, the business posted $0.24 earnings per share. Dun & Bradstreet’s quarterly revenue was up 21.9% on a year-over-year basis. On average, analysts forecast that Dun & Bradstreet will post 1 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in DNB. LPL Financial LLC purchased a new position in Dun & Bradstreet during the third quarter worth $244,000. Dimensional Fund Advisors LP boosted its stake in Dun & Bradstreet by 6.4% during the third quarter. Dimensional Fund Advisors LP now owns 49,455 shares of the business services provider’s stock worth $831,000 after buying an additional 2,992 shares during the period. Morgan Stanley boosted its stake in Dun & Bradstreet by 20.2% during the third quarter. Morgan Stanley now owns 218,265 shares of the business services provider’s stock worth $3,670,000 after buying an additional 36,717 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Dun & Bradstreet by 1.7% during the third quarter. Bank of New York Mellon Corp now owns 464,720 shares of the business services provider’s stock worth $7,812,000 after buying an additional 7,988 shares during the period. Institutional investors own 74.96% of the company’s stock.

Dun & Bradstreet Company Profile

Dun & Bradstreet Holdings, Inc provides business decisioning 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.

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Earnings History and Estimates for Dun & Bradstreet (NYSE:DNB)

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