Cannae (NYSE:CNNE) Posts Earnings Results, Meets Estimates

Cannae (NYSE:CNNE) released its quarterly earnings results on Tuesday. The company reported ($0.22) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.22), Briefing.com reports. The business had revenue of $113.90 million during the quarter, compared to the consensus estimate of $105.67 million. Cannae had a negative return on equity of 7.98% and a negative net margin of 68.61%. The business’s revenue was down 20.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($2.18) EPS.

Cannae Price Performance

CNNE stock traded down $0.35 on Thursday, reaching $20.67. The company had a trading volume of 81,233 shares, compared to its average volume of 535,618. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.01 and a current ratio of 1.01. The company’s fifty day moving average is $19.34 and its 200 day moving average is $19.17. The company has a market cap of $1.30 billion, a P/E ratio of -4.30 and a beta of 0.87. Cannae has a 1 year low of $16.94 and a 1 year high of $22.99.

Cannae Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.12 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.32%. Cannae’s dividend payout ratio (DPR) is -9.98%.

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.