Dun & Bradstreet (NYSE:DNB) Releases Earnings Results, Meets Estimates

Dun & Bradstreet (NYSE:DNB) posted its quarterly earnings data 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. The company had revenue of $609.10 million during the quarter, compared to analysts’ expectations of $605.64 million. Dun & Bradstreet had a positive return on equity of 11.50% and a negative net margin of 1.46%. Dun & Bradstreet’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 earnings per share. 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 NYSE:DNB traded up $0.02 during 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. The stock has a market capitalization of $5.26 billion, a PE ratio of -148.88, a P/E/G ratio of 2.76 and a beta of 1.15. Dun & Bradstreet has a 52 week low of $8.77 and a 52 week high of $12.75. The business’s 50-day moving average price is $11.47 and its 200 day moving average price is $10.59. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.70 and a quick ratio of 0.71.

Dun & Bradstreet Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DNB. The Goldman Sachs Group boosted their price target on Dun & Bradstreet from $10.40 to $11.80 and gave the company a “neutral” rating in a research note on Monday, August 5th. Royal Bank of Canada lowered their price objective on Dun & Bradstreet from $15.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Friday, August 2nd. StockNews.com raised Dun & Bradstreet from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Needham & Company LLC reissued a “buy” rating and issued a $17.00 price target on shares of Dun & Bradstreet in a report on Friday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Dun & Bradstreet from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Five analysts have rated the stock with a hold rating, three have assigned 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.

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.