Cannae (CNNE) Set to Announce Quarterly Earnings on Thursday

Cannae (NYSE:CNNE) will post 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. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Cannae (NYSE:CNNE) last released its quarterly earnings results on Wednesday, February 21st. The company reported ($0.83) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $119.30 million during the quarter, compared to the consensus estimate 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 Up 2.7 %

Shares of CNNE opened at $20.69 on Tuesday. The business has a 50-day moving average of $21.15 and a 200-day moving average of $19.92. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.65 and a current ratio of 1.65. Cannae has a 1 year low of $15.93 and a 1 year high of $22.99.

Analyst Upgrades and Downgrades

Separately, Oppenheimer lifted their target price on Cannae from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th.

Insider Transactions at Cannae

In other news, CEO Richard N. Massey sold 30,000 shares of the company’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $19.63, for a total transaction of $588,900.00. Following the sale, the chief executive officer now directly owns 274,367 shares in the company, valued at $5,385,824.21. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Cannae news, CEO Richard N. Massey sold 50,000 shares of Cannae stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $20.82, for a total transaction of $1,041,000.00. Following the transaction, the chief executive officer now directly owns 354,367 shares of the company’s stock, valued at $7,377,920.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard N. Massey sold 30,000 shares of the stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $19.63, for a total value of $588,900.00. Following the sale, the chief executive officer now owns 274,367 shares of the company’s stock, valued at $5,385,824.21. The disclosure for this sale can be found here. Insiders sold 103,050 shares of company stock valued at $2,104,039 over the last three months. Company insiders own 7.40% of the company’s stock.

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.