Dun & Bradstreet (NYSE:DNB) Releases FY24 Earnings Guidance

Dun & Bradstreet (NYSE:DNB) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $1.00-1.04 for the period, compared to the consensus earnings per share estimate of $1.02. The company issued revenue guidance of low end of $2.40-2.44 billion, compared to the consensus revenue estimate of $2.41 billion. Dun & Bradstreet also updated its FY 2024 guidance to 1.000-1.040 EPS.

Wall Street Analyst Weigh In

Several analysts recently weighed in on DNB shares. StockNews.com upgraded Dun & Bradstreet from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada cut their target price on Dun & Bradstreet from $15.00 to $12.00 and set a “sector perform” rating on the stock in a research note on Friday, August 2nd. Barclays upped their price target on shares of Dun & Bradstreet from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. Needham & Company LLC restated a “buy” rating and set a $17.00 price objective on shares of Dun & Bradstreet in a research note on Friday. Finally, JPMorgan Chase & Co. upped their target price on shares of Dun & Bradstreet from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Dun & Bradstreet currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.85.

Dun & Bradstreet Stock Performance

DNB stock traded up $0.02 on Friday, hitting $11.91. The company had a trading volume of 2,644,644 shares, compared to its average volume of 3,392,246. The stock has a market cap of $5.26 billion, a price-to-earnings ratio of -148.86, a P/E/G ratio of 2.51 and a beta of 1.16. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 1.08. The stock’s 50-day simple moving average is $11.47 and its 200 day simple moving average is $10.58. Dun & Bradstreet has a 12-month low of $8.77 and a 12-month high of $12.75.

Dun & Bradstreet (NYSE:DNB) last released its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. The firm had revenue of $576.20 million during the quarter, compared to analyst estimates of $580.77 million. Dun & Bradstreet had a negative net margin of 1.42% and a positive return on equity of 11.35%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.17 EPS. As a group, equities research analysts expect that Dun & Bradstreet will post 0.89 earnings per share for the current fiscal year.

Dun & Bradstreet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Thursday, December 5th. Dun & Bradstreet’s payout ratio is -249.97%.

About Dun & Bradstreet

Dun & Bradstreet Holdings, Inc, together with its subsidiaries, provides business-to-business data and analytics in North America and internationally. It offers finance and risk solutions, including D&B Finance Analytics, an online application that offers clients real time access to its information, comprehensive monitoring, and portfolio analysis; D&B Direct, an application programming interface (API) that delivers risk and financial data directly into enterprise applications for real-time credit decision-making; D&B Small Business, a suite of tools that allows SMBs to monitor and build their business credit file; D&B Enterprise Risk Assessment Manager, a solution for managing and automating credit decisioning and reporting; and D&B Risk Analytics, a subscription-based online application that offers clients real-time access to complete and up-to-date global information to mitigate supply chain risk, regulatory risk, and ESG assessment, as well as other related risks; Risk Guardian, a subscription-based online application that offers real-time access to Northern Europe information, monitoring, and portfolio analysis; and D&B Beneficial Ownership that offers risk intelligence on ultimate beneficial ownership.