Dun & Bradstreet (NYSE:DNB) Issues Quarterly Earnings Results, Hits Estimates

Dun & Bradstreet (NYSE:DNB) announced its quarterly earnings data on Thursday. The business services provider reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27, Briefing.com reports. Dun & Bradstreet had a positive return on equity of 11.50% and a negative net margin of 1.46%. The firm had revenue of $609.10 million during the quarter, compared to analysts’ expectations of $605.64 million. During the same period in the previous year, the business posted $0.23 EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. Dun & Bradstreet updated its FY24 guidance to $1.00-1.04 EPS and its FY 2024 guidance to 1.000-1.040 EPS.

Dun & Bradstreet Stock Up 0.2 %

Shares of Dun & Bradstreet stock traded up $0.02 on Friday, hitting $11.91. The company had a trading volume of 2,644,644 shares, compared to its average volume of 2,577,218. The stock has a 50-day moving average of $11.47 and a 200-day moving average of $10.59. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.70 and a quick ratio of 0.71. Dun & Bradstreet has a twelve month low of $8.77 and a twelve month high of $12.75. The firm has a market capitalization of $5.26 billion, a P/E ratio of -148.88, a P/E/G ratio of 2.76 and a beta of 1.15.

Dun & Bradstreet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a yield of 1.68%. Dun & Bradstreet’s payout ratio is -250.00%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DNB shares. Needham & Company LLC restated a “buy” rating and issued a $17.00 price objective on shares of Dun & Bradstreet in a report on Friday. The Goldman Sachs Group increased their price target on Dun & Bradstreet from $10.40 to $11.80 and gave the company a “neutral” rating in a research note on Monday, August 5th. Barclays lifted their price objective on Dun & Bradstreet from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. StockNews.com raised Dun & Bradstreet from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada decreased their target price on Dun & Bradstreet from $15.00 to $12.00 and set a “sector perform” rating for the company in a research report on Friday, August 2nd. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.85.

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.