Cannae Holdings, Inc. (NYSE:CNNE – Get Free Report) announced a quarterly dividend on Wednesday, November 4th. Investors of record on Thursday, December 17th will be given a dividend of $0.15 per share on Thursday, December 31st. This represents a $0.60 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Thursday, December 17th.
Cannae has a payout ratio of -56.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Cannae Trading Up 3.7%
NYSE CNNE opened at $18.30 on Thursday. Cannae has a one year low of $10.46 and a one year high of $18.35. The company’s 50 day moving average price is $15.90 and its 200 day moving average price is $14.25. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.24 and a current ratio of 1.24.
Cannae (NYSE:CNNE – Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.42) by $1.28. Cannae had a negative net margin of 38.18% and a negative return on equity of 14.10%. The firm had revenue of $102.20 million for the quarter, compared to analysts’ expectations of $99.65 million.
Wall Street Analysts Forecast Growth
CNNE has been the topic of a number of research reports. Royal Bank Of Canada raised their target price on shares of Cannae from $16.00 to $17.00 and gave the company an “outperform” rating in a research note on Friday, October 9th. Weiss Ratings cut shares of Cannae from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, October 8th. Finally, Wall Street Zen upgraded Cannae from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cannae presently has an average rating of “Hold” and a consensus price target of $17.00.
Get Our Latest Stock Report on CNNE
Cannae Company Profile
Cannae Holdings, Inc is a diversified investment company that manages a portfolio of operating businesses and strategic investments. The company focuses on sectors including restaurants, financial services, payments, and business services, with the goal of building long-term value through active ownership and capital allocation.
Cannae has held interests in a range of companies, including restaurant operators, payment technology businesses, and providers of financial and business services.
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