Cannae Holdings Inc (NYSE:CNNE) – Stock analysts at Piper Jaffray Companies decreased their Q3 2019 EPS estimates for Cannae in a research report issued to clients and investors on Thursday, August 8th. Piper Jaffray Companies analyst J. Deleeuw now anticipates that the company will earn ($0.54) per share for the quarter, down from their previous forecast of ($0.06). Piper Jaffray Companies also issued estimates for Cannae’s Q4 2019 earnings at ($0.51) EPS, FY2019 earnings at ($0.71) EPS, Q1 2020 earnings at ($0.39) EPS, Q2 2020 earnings at ($0.37) EPS, Q3 2020 earnings at ($0.42) EPS, Q4 2020 earnings at ($0.38) EPS and FY2020 earnings at ($1.55) EPS.
Cannae (NYSE:CNNE) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.21. The business had revenue of $285.10 million during the quarter, compared to analyst estimates of $281.25 million. Cannae had a return on equity of 7.82% and a net margin of 6.21%. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period last year, the company earned ($0.28) EPS.
NYSE:CNNE opened at $29.65 on Monday. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 42.97 and a beta of 0.83. Cannae has a 1 year low of $15.87 and a 1 year high of $32.03. The company has a 50 day moving average of $28.83. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.18 and a quick ratio of 1.02.
Several hedge funds have recently modified their holdings of the stock. FMR LLC lifted its stake in shares of Cannae by 158.9% during the 4th quarter. FMR LLC now owns 2,936,463 shares of the company’s stock worth $50,273,000 after acquiring an additional 1,802,072 shares during the last quarter. Norges Bank purchased a new position in Cannae during the 4th quarter worth $15,439,000. Northern Trust Corp increased its holdings in Cannae by 2.3% during the 2nd quarter. Northern Trust Corp now owns 822,452 shares of the company’s stock worth $23,836,000 after purchasing an additional 18,250 shares during the period. Raymond James & Associates increased its holdings in shares of Cannae by 17.8% in the 1st quarter. Raymond James & Associates now owns 663,934 shares of the company’s stock valued at $16,107,000 after acquiring an additional 100,328 shares during the period. Finally, Confluence Investment Management LLC increased its holdings in shares of Cannae by 100.5% in the 2nd quarter. Confluence Investment Management LLC now owns 616,167 shares of the company’s stock valued at $17,857,000 after acquiring an additional 308,840 shares during the period. 82.02% of the stock is owned by hedge funds and other institutional investors.
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 is based in Las Vegas, Nevada.
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