Dun & Bradstreet (NYSE:DNB) Updates FY24 Earnings Guidance

Dun & Bradstreet (NYSE:DNB) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.00-1.04 for the period, compared to the consensus estimate of $1.02. The company issued revenue guidance of low end of $2.40-2.44 billion, compared to the consensus revenue estimate of $2.41 billion. Dun & Bradstreet also updated its FY 2024 guidance to 1.000-1.040 EPS.

Analysts Set New Price Targets

DNB has been the subject of several analyst reports. Barclays lifted their price objective on Dun & Bradstreet from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. The Goldman Sachs Group increased their price objective on shares of Dun & Bradstreet from $10.40 to $11.80 and gave the stock a “neutral” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. upped their price target on shares of Dun & Bradstreet from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Royal Bank of Canada cut their target price on Dun & Bradstreet from $15.00 to $12.00 and set a “sector perform” rating for the company in a research note on Friday, August 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $17.00 price target on shares of Dun & Bradstreet in a research note on Monday, August 5th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.85.

Dun & Bradstreet Stock Up 2.2 %

Shares of DNB opened at $11.08 on Thursday. The stock has a fifty day moving average of $11.48 and a 200-day moving average of $10.54. Dun & Bradstreet has a 52 week low of $8.68 and a 52 week high of $12.75. The stock has a market capitalization of $4.89 billion, a price-to-earnings ratio of -135.38, a PEG ratio of 2.66 and a beta of 1.16. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.71 and a current ratio of 0.71.

Dun & Bradstreet (NYSE:DNB) last posted its earnings results on Thursday, August 1st. The business services provider reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23. The firm had revenue of $576.20 million for the quarter, compared to analyst estimates of $580.77 million. Dun & Bradstreet had a negative net margin of 1.42% and a positive return on equity of 11.35%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.17 EPS. As a group, sell-side analysts anticipate that Dun & Bradstreet will post 0.89 earnings per share for the current fiscal year.

Dun & Bradstreet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Thursday, December 5th. Dun & Bradstreet’s payout ratio is presently -250.00%.

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.