Cannae (CNNE) Scheduled to Post Earnings on Thursday

Cannae (NYSE:CNNE) will announce its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.33) per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Cannae (NYSE:CNNE) last released its earnings results on Wednesday, February 21st. The company reported ($0.83) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.17). Cannae had a negative net margin of 53.86% and a negative return on equity of 12.31%. The company had revenue of $119.30 million for the quarter, compared to the consensus estimate of $133.50 million. On average, analysts expect Cannae to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Cannae Price Performance

Cannae stock opened at $20.79 on Wednesday. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.04. The business’s 50 day simple moving average is $21.13 and its 200 day simple moving average is $19.94. Cannae has a 12 month low of $15.93 and a 12 month high of $22.99. The company has a market cap of $1.30 billion, a price-to-earnings ratio of -4.93 and a beta of 0.91.

Insider Activity

In related news, CEO Richard N. Massey sold 30,000 shares of the business’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $19.63, for a total transaction of $588,900.00. Following the completion of the transaction, the chief executive officer now directly owns 274,367 shares in the company, valued at $5,385,824.21. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Richard N. Massey sold 50,000 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $20.82, for a total value of $1,041,000.00. Following the completion of the transaction, the chief executive officer now directly owns 354,367 shares in the company, valued at $7,377,920.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard N. Massey sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $19.63, for a total value of $588,900.00. Following the sale, the chief executive officer now owns 274,367 shares in the company, valued at approximately $5,385,824.21. The disclosure for this sale can be found here. Insiders sold 103,050 shares of company stock worth $2,104,039 in the last three months. Corporate insiders own 7.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer lifted their price objective on Cannae from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th.

About Cannae

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.