Cannae (NYSE:CNNE – Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect Cannae to post earnings of ($0.33) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.
Cannae (NYSE:CNNE – Get Free Report) last released its earnings results on Wednesday, February 21st. The company reported ($0.83) EPS for the quarter, missing the consensus estimate 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 business had revenue of $119.30 million for the quarter, compared to analysts’ expectations 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 Stock Down 0.2 %
CNNE stock opened at $19.41 on Thursday. 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 firm has a 50 day simple moving average of $21.26 and a 200-day simple moving average of $19.86. The company has a market capitalization of $1.22 billion, a P/E ratio of -4.60 and a beta of 0.89. Cannae has a twelve month low of $15.93 and a twelve month high of $22.99.
Insider Activity at Cannae
Wall Street Analysts Forecast Growth
Separately, Oppenheimer raised their price objective on shares of Cannae from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th.
Read Our Latest Stock Analysis on Cannae
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.
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