Dun & Bradstreet (NYSE:DNB) Announces Earnings Results, Beats Estimates By $0.01 EPS

Dun & Bradstreet (NYSE:DNB – Get Rating) posted its quarterly earnings results on Monday. The business services provider reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01, MarketWatch Earnings reports. Dun & Bradstreet had a positive return on equity of 12.40% and a negative net margin of 3.31%. The business had revenue of $536.00 million during the quarter, compared to analysts’ expectations of $527.29 million. During the same quarter last year, the company posted $0.23 earnings per share. Dun & Bradstreet’s quarterly revenue was up 5.3% on a year-over-year basis. Dun & Bradstreet updated its FY 2022 guidance to $1.13-$1.20 EPS and its FY22 guidance to $1.13-1.20 EPS.

Shares of DNB opened at $15.65 on Wednesday. Dun & Bradstreet has a one year low of $14.31 and a one year high of $23.40. The company has a market cap of $6.75 billion, a P/E ratio of -92.05, a P/E/G ratio of 2.17 and a beta of 0.62. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a 50 day simple moving average of $16.76 and a two-hundred day simple moving average of $18.42.

In other news, Director Cannae Holdings, Inc. acquired 21,825,816 shares of the stock in a transaction on Tuesday, February 15th. The stock was acquired at an average cost of $19.86 per share, for a total transaction of $433,460,705.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 9.30% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Cannae Holdings Inc. grew its stake in shares of Dun & Bradstreet by 29.7% during the first quarter. Cannae Holdings Inc. now owns 88,278,041 shares of the business services provider’s stock worth $1,546,631,000 after buying an additional 20,225,711 shares during the last quarter. Capital International Investors grew its stake in shares of Dun & Bradstreet by 6.5% during the fourth quarter. Capital International Investors now owns 25,493,020 shares of the business services provider’s stock worth $522,352,000 after buying an additional 1,562,598 shares during the last quarter. Mawer Investment Management Ltd. grew its stake in shares of Dun & Bradstreet by 182.1% during the first quarter. Mawer Investment Management Ltd. now owns 15,891,894 shares of the business services provider’s stock worth $278,426,000 after buying an additional 10,257,937 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Dun & Bradstreet by 123.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 10,583,033 shares of the business services provider’s stock worth $216,847,000 after buying an additional 5,856,089 shares during the last quarter. Finally, Rivulet Capital LLC grew its stake in shares of Dun & Bradstreet by 1.6% during the fourth quarter. Rivulet Capital LLC now owns 8,613,300 shares of the business services provider’s stock worth $176,487,000 after buying an additional 131,800 shares during the last quarter. Institutional investors and hedge funds own 93.47% of the company’s stock.

A number of equities research analysts have recently issued reports on DNB shares. Bank of America started coverage on Dun & Bradstreet in a report on Friday, March 11th. They set an “underperform” rating for the company. Deutsche Bank Aktiengesellschaft started coverage on Dun & Bradstreet in a report on Wednesday, March 30th. They set a “hold” rating and a $20.00 price objective for the company. Needham & Company LLC reduced their price objective on Dun & Bradstreet from $28.00 to $21.00 in a report on Tuesday. StockNews.com started coverage on Dun & Bradstreet in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Credit Suisse Group reduced their price objective on Dun & Bradstreet from $30.00 to $23.00 and set an “outperform” rating for the company in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $22.00.

About Dun & Bradstreet (Get Rating)

Dun & Bradstreet Holdings, Inc provides business decisioning 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 powerful 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 InfoTorg, an online SaaS application.

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