Wall Street analysts expect that Cannae Holdings Inc (NYSE:CNNE) will post ($0.09) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Cannae’s earnings. Cannae reported earnings of $0.01 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 1,000%. The business is expected to report its next earnings report on Wednesday, May 2nd.
According to Zacks, analysts expect that Cannae will report full-year earnings of ($0.28) per share for the current year. For the next fiscal year, analysts anticipate that the firm will report earnings of ($0.23) per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Cannae.
Cannae (NYSE:CNNE) last posted its earnings results on Wednesday, March 14th. The company reported ($0.07) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.27) by $0.20. The business had revenue of $317.40 million for the quarter. Cannae had a net margin of 7.37% and a return on equity of 2.21%.
A number of equities research analysts have weighed in on CNNE shares. TheStreet lowered shares of Cannae from a “b-” rating to a “d+” rating in a report on Tuesday, January 16th. Zacks Investment Research raised shares of Cannae from a “sell” rating to a “hold” rating in a report on Tuesday, January 30th. Finally, ValuEngine raised shares of Cannae from a “buy” rating to a “strong-buy” rating in a report on Monday, February 5th.
Institutional investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. acquired a new stake in Cannae during the fourth quarter worth about $18,148,000. Fox Run Management L.L.C. bought a new stake in Cannae during the fourth quarter worth about $314,000. Hollencrest Capital Management bought a new stake in shares of Cannae during the fourth quarter valued at approximately $1,891,000. Strs Ohio bought a new stake in shares of Cannae during the fourth quarter valued at approximately $301,000. Finally, James Investment Research Inc. bought a new stake in shares of Cannae during the fourth quarter valued at approximately $455,000. 79.11% of the stock is currently owned by hedge funds and other institutional investors.
Cannae stock traded down $0.28 during trading hours on Wednesday, hitting $18.58. 66,125 shares of the stock were exchanged, compared to its average volume of 251,594. The company has a current ratio of 1.40, a quick ratio of 1.28 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1,330.97, a price-to-earnings ratio of 11.29 and a beta of 0.63. Cannae has a 12 month low of $16.16 and a 12 month high of $19.58.
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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.
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