Cannae (CNNE) to Release Quarterly Earnings on Wednesday

Cannae (NYSE:CNNE) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, February 19th. Analysts expect the company to announce earnings of ($0.42) per share and revenue of $105.90 million for the quarter.

Cannae (NYSE:CNNE) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.22) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.22). Cannae had a negative return on equity of 8.26% and a negative net margin of 68.61%. The firm had revenue of $113.90 million during the quarter, compared to analyst estimates of $105.67 million. During the same quarter last year, the business posted ($2.18) earnings per share. The business’s quarterly revenue was down 20.7% compared to the same quarter last year. On average, analysts expect Cannae to post $-3 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Cannae Price Performance

Shares of NYSE:CNNE opened at $19.63 on Wednesday. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -4.08 and a beta of 0.86. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average price of $19.77 and a 200 day moving average price of $19.69. Cannae has a 12 month low of $16.94 and a 12 month high of $22.99.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada increased their target price on Cannae from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th.

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.