Dun & Bradstreet (NYSE:DNB) Shares Gap Down on Disappointing Earnings

Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) gapped down prior to trading on Thursday following a dissappointing earnings announcement. The stock had previously closed at $10.53, but opened at $9.89. Dun & Bradstreet shares last traded at $9.11, with a volume of 1,640,654 shares traded.

The business services provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). The business had revenue of $631.90 million for the quarter, compared to the consensus estimate of $658.04 million. Dun & Bradstreet had a positive return on equity of 11.50% and a negative net margin of 1.46%.

Dun & Bradstreet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.12%. Dun & Bradstreet’s payout ratio is -333.33%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DNB shares. Needham & Company LLC decreased their target price on Dun & Bradstreet from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday. The Goldman Sachs Group reduced their price objective on Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $12.00 target price on shares of Dun & Bradstreet in a report on Wednesday, January 29th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Dun & Bradstreet currently has a consensus rating of “Hold” and a consensus target price of $12.50.

Hedge Funds Weigh In On Dun & Bradstreet

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Forum Financial Management LP bought a new stake in shares of Dun & Bradstreet in the fourth quarter worth about $209,000. Public Employees Retirement System of Ohio purchased a new position in shares of Dun & Bradstreet during the fourth quarter valued at approximately $1,349,000. Neo Ivy Capital Management purchased a new position in shares of Dun & Bradstreet during the fourth quarter valued at approximately $96,000. Vise Technologies Inc. boosted its holdings in shares of Dun & Bradstreet by 33.1% in the fourth quarter. Vise Technologies Inc. now owns 17,001 shares of the business services provider’s stock valued at $212,000 after purchasing an additional 4,224 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Dun & Bradstreet by 20.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 800,536 shares of the business services provider’s stock valued at $9,975,000 after purchasing an additional 138,054 shares during the period. 86.68% of the stock is currently owned by hedge funds and other institutional investors.

Dun & Bradstreet Stock Up 0.1 %

The company has a debt-to-equity ratio of 1.08, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market cap of $4.17 billion, a PE ratio of -118.06, a price-to-earnings-growth ratio of 2.47 and a beta of 1.14. The business has a fifty day moving average of $11.63 and a 200-day moving average of $11.76.

Dun & Bradstreet Company Profile

Dun & Bradstreet Holdings, Inc engages in providing business decisioning data and analytics solutions. The firm is involved in providing information with its solutions to support its clients with critical business operations. It offers end-to-end solutions to clients in the small business, finance, sales & marketing, third party risk & compliance, and public sectors.