Dun & Bradstreet (NYSE:DNB) Issues Earnings Results

Dun & Bradstreet (NYSE:DNB) announced its earnings results on Thursday. The business services provider reported $0.27 earnings per share for the quarter, meeting the consensus estimate of $0.27, Briefing.com reports. Dun & Bradstreet had a positive return on equity of 11.50% and a negative net margin of 1.46%. The company had revenue of $609.10 million for the quarter, compared to the consensus estimate of $605.64 million. During the same period last year, the business posted $0.23 EPS. The company’s revenue was up 3.5% 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 Price Performance

Shares of DNB stock traded up $0.02 during mid-day trading on Friday, reaching $11.91. The stock had a trading volume of 2,644,644 shares, compared to its average volume of 2,577,218. Dun & Bradstreet has a 12-month low of $8.77 and a 12-month high of $12.75. 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 business has a 50-day simple moving average of $11.47 and a 200 day simple moving average of $10.59. The company has a market cap of $5.26 billion, a P/E ratio of -148.88, a price-to-earnings-growth ratio of 2.76 and a beta of 1.15.

Dun & Bradstreet Announces Dividend

The company 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 $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Thursday, December 5th. Dun & Bradstreet’s dividend payout ratio (DPR) is -250.00%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DNB. JPMorgan Chase & Co. raised their target price on shares of Dun & Bradstreet from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. The Goldman Sachs Group lifted their price objective on Dun & Bradstreet from $10.40 to $11.80 and gave the company a “neutral” rating in a report on Monday, August 5th. Barclays boosted their target price on Dun & Bradstreet from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Friday, September 13th. StockNews.com raised Dun & Bradstreet from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada dropped their price objective on Dun & Bradstreet from $15.00 to $12.00 and set a “sector perform” rating on the stock in a report on Friday, August 2nd. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Dun & Bradstreet currently has an average rating of “Moderate Buy” and a consensus price target of $13.85.

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.