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

Dun & Bradstreet (NYSE:DNB) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $1.00-1.04 for the period, compared to the consensus EPS estimate of $1.03. The company issued revenue guidance of $2.4-2.44 billion, compared to the consensus revenue estimate of $2.42 billion.

Dun & Bradstreet Stock Up 1.4 %

Dun & Bradstreet stock opened at $9.23 on Thursday. Dun & Bradstreet has a 12-month low of $8.68 and a 12-month high of $12.62. The firm’s 50-day moving average is $9.87 and its two-hundred day moving average is $10.45. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.02.

Dun & Bradstreet (NYSE:DNB) last announced its quarterly earnings data on Thursday, February 15th. The business services provider reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. The business had revenue of $630.40 million for the quarter, compared to analyst estimates of $623.19 million. Dun & Bradstreet had a negative net margin of 2.03% and a positive return on equity of 10.65%. The company’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 EPS. On average, equities analysts anticipate that Dun & Bradstreet will post 0.88 EPS for the current fiscal year.

Dun & Bradstreet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.20 annualized dividend and a dividend yield of 2.17%. Dun & Bradstreet’s payout ratio is currently -181.82%.

Analyst Ratings Changes

Several brokerages have recently weighed in on DNB. Jefferies Financial Group cut their price objective on shares of Dun & Bradstreet from $14.00 to $13.00 and set a buy rating on the stock in a report on Friday, April 12th. Raymond James upgraded shares of Dun & Bradstreet from an outperform rating to a strong-buy rating and set a $18.00 price target on the stock in a report on Friday, January 5th. The Goldman Sachs Group raised their price target on shares of Dun & Bradstreet from $10.30 to $11.50 and gave the company a neutral rating in a report on Friday, February 16th. Finally, Needham & Company LLC lowered their price objective on shares of Dun & Bradstreet from $18.00 to $17.00 and set a buy rating for the company in a research report on Friday, February 16th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $13.64.

Insider Transactions at Dun & Bradstreet

In other news, Director Cannae Holdings, Inc. sold 10,000,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $10.09, for a total transaction of $100,900,000.00. Following the completion of the sale, the director now owns 69,048,691 shares of the company’s stock, valued at $696,701,292.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 10.00% of the company’s stock.

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.