Cannae (CNNE) to Release Quarterly Earnings on Thursday

Cannae (NYSE:CNNE) will issue its quarterly earnings data after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of ($0.29) per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Cannae (NYSE:CNNE) last announced its earnings results on Thursday, May 9th. The company reported ($1.27) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.94). Cannae had a negative net margin of 74.62% and a negative return on equity of 16.50%. The business had revenue of $110.70 million for the quarter, compared to the consensus estimate of $126.23 million. During the same quarter in the previous year, the company earned ($0.05) EPS. The firm’s revenue for the quarter was down 28.3% on a year-over-year basis. On average, analysts expect Cannae to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Cannae Stock Down 0.6 %

Shares of Cannae stock opened at $19.46 on Wednesday. Cannae has a one year low of $15.93 and a one year high of $22.99. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.32 and a quick ratio of 3.06. The stock’s 50-day moving average is $18.48 and its 200 day moving average is $20.03. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of -3.58 and a beta of 0.88.

Cannae Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.48 annualized dividend and a dividend yield of 2.47%. Cannae’s payout ratio is -8.82%.

Insider Activity at Cannae

In related news, Director Richard N. Massey sold 25,752 shares of the company’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $19.38, for a total transaction of $499,073.76. Following the sale, the director now owns 248,615 shares in the company, valued at approximately $4,818,158.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 10.90% of the stock is owned by corporate insiders.

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.