Cannae (NYSE:CNNE) Announces Quarterly Earnings Results, Beats Estimates By $5.89 EPS

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Cannae (NYSE:CNNE) released its quarterly earnings data on Monday. The company reported $5.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $5.89, MarketWatch Earnings reports. Cannae had a return on equity of 52.16% and a net margin of 184.40%. The company had revenue of $170.40 million during the quarter, compared to analysts’ expectations of $179.35 million. During the same period last year, the firm posted $0.66 earnings per share. The business’s revenue was down 38.8% on a year-over-year basis.

Cannae stock traded up $0.28 during mid-day trading on Tuesday, reaching $38.35. 29,501 shares of the company were exchanged, compared to its average volume of 962,304. Cannae has a 12 month low of $20.51 and a 12 month high of $46.57. The company has a fifty day simple moving average of $41.17 and a 200-day simple moving average of $39.75. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.10 and a quick ratio of 3.06. The firm has a market cap of $3.52 billion, a PE ratio of 2.43 and a beta of 0.72.

CNNE has been the subject of a number of recent analyst reports. Oppenheimer began coverage on Cannae in a research report on Thursday, November 19th. They issued an “outperform” rating and a $49.00 price objective for the company. Zacks Investment Research upgraded Cannae from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 2nd.

Cannae Company Profile

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 is based in Las Vegas, Nevada.

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Earnings History for Cannae (NYSE:CNNE)

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