Cannae (CNNE) Posts Quarterly Earnings Results, Beats Estimates By $0.20 EPS

Cannae (NYSE:CNNE) announced its quarterly earnings data on Wednesday, March 14th. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.20, Bloomberg Earnings reports. The company had revenue of $317.40 million during the quarter. Cannae had a net margin of 7.37% and a return on equity of 2.21%.

NYSE CNNE traded down $0.05 on Friday, hitting $18.77. 167,416 shares of the company’s stock traded hands, compared to its average volume of 418,967. The company has a current ratio of 1.40, a quick ratio of 1.28 and a debt-to-equity ratio of 0.01. Cannae has a 1-year low of $16.16 and a 1-year high of $19.58. The stock has a market cap of $1,328.15, a price-to-earnings ratio of 12.19 and a beta of 0.63.

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A number of research firms have commented on CNNE. TheStreet downgraded shares of Cannae from a “b-” rating to a “d+” rating in a research report on Tuesday, January 16th. Zacks Investment Research raised shares of Cannae from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. Finally, ValuEngine raised shares of Cannae from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 5th.

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About Cannae

Cannae Holdings, Inc is a diversified holding company. The Company has investments in a variety of industries including Restaurants, Technology Enabled Healthcare Services, Financial Services and more. The Company holds majority and minority equity investment stakes in a number of entities, including Ceridian Holdings, LLC, American Blue Ribbon Holdings, and LLC and T-System Holding LLC.

Earnings History for Cannae (NYSE:CNNE)

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