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

Dun & Bradstreet (NYSE:DNB) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $1.00-1.04 for the period, compared to the consensus EPS 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 Stock Up 2.4 %

Shares of NYSE 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 firm has a fifty day simple moving average of $9.81 and a two-hundred day simple moving average of $10.44.

Dun & Bradstreet (NYSE:DNB) last issued its quarterly earnings data on Thursday, February 15th. The business services provider reported $0.32 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $623.19 million. During the same period in the prior year, the business earned $0.28 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. Equities research analysts expect that Dun & Bradstreet will post 0.88 EPS for the current year.

Dun & Bradstreet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders 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 presently -250.00%.

Analyst Ratings Changes

A number of analysts have recently weighed in on DNB shares. The Goldman Sachs Group upped their target price on shares of Dun & Bradstreet from $10.30 to $11.50 and gave the stock a neutral rating in a research report on Friday, February 16th. Needham & Company LLC reaffirmed a buy rating and issued a $17.00 target price on shares of Dun & Bradstreet in a research report on Thursday. Finally, Jefferies Financial Group reduced their target price on shares of Dun & Bradstreet from $14.00 to $13.00 and set a buy rating on the stock in a research report on Friday, April 12th. Four 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 stock. Based on data from MarketBeat, Dun & Bradstreet currently has an average rating of Moderate Buy and a consensus target price of $13.64.

Insider Activity

In other news, Director Cannae Holdings, Inc. sold 10,000,000 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $10.09, for a total value of $100,900,000.00. Following the transaction, the director now owns 69,048,691 shares in the company, valued at approximately $696,701,292.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 10.00% of the company’s stock.

About Dun & Bradstreet

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.