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

Dun & Bradstreet (NYSE:DNB) issued its quarterly earnings results on Thursday. The business services provider reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27, Briefing.com reports. The company had revenue of $609.10 million for the quarter, compared to the consensus estimate of $605.64 million. Dun & Bradstreet had a negative net margin of 1.46% and a positive return on equity of 11.50%. Dun & Bradstreet’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 EPS. 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 0.2 %

NYSE:DNB traded up $0.02 during midday trading on Friday, hitting $11.91. 2,644,644 shares of the company were exchanged, compared to its average volume of 2,577,218. Dun & Bradstreet has a fifty-two week low of $8.77 and a fifty-two week high of $12.75. The company has a market capitalization of $5.26 billion, a PE ratio of -148.88, a price-to-earnings-growth ratio of 2.76 and a beta of 1.15. The company has a current ratio of 0.70, a quick ratio of 0.71 and a debt-to-equity ratio of 1.08. The company has a fifty day simple moving average of $11.47 and a 200 day simple moving average of $10.59.

Dun & Bradstreet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.20 annualized dividend and a dividend yield of 1.68%. Dun & Bradstreet’s dividend payout ratio is presently -250.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. StockNews.com upgraded Dun & Bradstreet from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada lowered 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 report on Friday, August 2nd. Barclays lifted their price objective on shares of 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 target price 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. Finally, Needham & Company LLC restated a “buy” rating and issued a $17.00 price target on shares of Dun & Bradstreet in a research note on Friday. Five research 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.85.

Dun & Bradstreet Company Profile

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.