Dun & Bradstreet (NYSE:DNB) Posts Earnings Results, Hits Expectations

Dun & Bradstreet (NYSE:DNB) posted its earnings results on Thursday. The business services provider reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23, Briefing.com reports. Dun & Bradstreet had a positive return on equity of 11.35% and a negative net margin of 1.42%. The firm had revenue of $576.20 million for the quarter, compared to analyst estimates of $580.77 million. During the same period in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. 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 14.9 %

DNB stock traded up $1.53 during midday trading on Friday, hitting $11.82. The company’s stock had a trading volume of 19,701,135 shares, compared to its average volume of 3,464,495. The company’s fifty day moving average price is $9.68 and its 200 day moving average price is $10.11. Dun & Bradstreet has a twelve month low of $8.68 and a twelve month high of $12.75. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.71 and a quick ratio of 0.62. The stock has a market capitalization of $5.23 billion, a P/E ratio of -147.75, a PEG ratio of 1.89 and a beta of 1.15.

Dun & Bradstreet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, September 5th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Thursday, September 5th. Dun & Bradstreet’s dividend payout ratio (DPR) is currently -250.00%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DNB shares. Jefferies Financial Group cut their price objective on Dun & Bradstreet from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, April 12th. Royal Bank of Canada cut their price target on shares of Dun & Bradstreet from $15.00 to $12.00 and set a “sector perform” rating on the stock in a research note on Friday. Finally, Needham & Company LLC reissued a “buy” rating and set a $17.00 price objective on shares of Dun & Bradstreet in a research report on Tuesday, May 14th. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $13.44.

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.