Cannae (NYSE:CNNE) Announces Quarterly Earnings Results, Hits Estimates

Cannae (NYSE:CNNE) posted its quarterly earnings results on Tuesday. The company reported ($0.22) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.22), Briefing.com reports. The company had revenue of $113.90 million for the quarter, compared to analysts’ expectations of $105.67 million. Cannae had a negative return on equity of 14.30% and a negative net margin of 93.69%. Cannae’s quarterly revenue was down 20.7% on a year-over-year basis. During the same period last year, the firm earned ($2.18) earnings per share.

Cannae Stock Performance

NYSE CNNE traded down $0.13 during trading hours on Wednesday, hitting $21.50. The company had a trading volume of 77,449 shares, compared to its average volume of 535,216. The business has a 50 day moving average of $19.26 and a 200-day moving average of $19.15. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.01 and a current ratio of 1.01. Cannae has a 1-year low of $16.94 and a 1-year high of $22.99. The company has a market cap of $1.35 billion, a PE ratio of -3.18 and a beta of 0.87.

Cannae Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a dividend of $0.12 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.48 annualized dividend and a yield of 2.23%. Cannae’s dividend payout ratio is currently -7.09%.

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.