Brokerages Anticipate Cannae Holdings Inc (CNNE) to Post $0.20 Earnings Per Share

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Cannae Holdings Inc (NYSE:CNNE) has been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Analysts have set a twelve-month consensus price target of $28.50 for the company and are anticipating that the company will post $0.20 earnings per share for the current quarter, according to Zacks. Zacks has also given Cannae an industry rank of 147 out of 255 based on the ratings given to its competitors.

A number of research firms recently commented on CNNE. Zacks Investment Research downgraded Cannae from a “buy” rating to a “hold” rating in a research note on Wednesday, February 6th. TheStreet upgraded Cannae from a “c” rating to a “b” rating in a research note on Friday, March 15th. Finally, ValuEngine downgraded Cannae from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 4th.

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in Cannae by 5.5% in the third quarter. BlackRock Inc. now owns 5,224,312 shares of the company’s stock worth $109,449,000 after purchasing an additional 271,725 shares in the last quarter. FMR LLC boosted its stake in Cannae by 158.9% in the fourth quarter. FMR LLC now owns 2,936,463 shares of the company’s stock valued at $50,273,000 after acquiring an additional 1,802,072 shares during the period. Dimensional Fund Advisors LP boosted its stake in Cannae by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,777,406 shares of the company’s stock valued at $47,548,000 after acquiring an additional 155,878 shares during the period. Advisory Research Inc. boosted its stake in Cannae by 12.4% in the third quarter. Advisory Research Inc. now owns 2,000,862 shares of the company’s stock valued at $41,918,000 after acquiring an additional 221,168 shares during the period. Finally, Ancora Advisors LLC boosted its stake in Cannae by 8.4% in the fourth quarter. Ancora Advisors LLC now owns 1,028,181 shares of the company’s stock valued at $17,603,000 after acquiring an additional 79,727 shares during the period. Institutional investors and hedge funds own 81.16% of the company’s stock.

Shares of NYSE CNNE opened at $23.81 on Tuesday. The stock has a market cap of $1.69 billion, a PE ratio of 34.46 and a beta of 0.79. Cannae has a 1 year low of $15.87 and a 1 year high of $24.28. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.75 and a current ratio of 2.82.

Cannae (NYSE:CNNE) last posted its quarterly earnings results on Thursday, March 14th. The company reported $0.94 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $1.03. The business had revenue of $317.20 million during the quarter, compared to the consensus estimate of $321.10 million. Cannae had a return on equity of 4.15% and a net margin of 2.28%. Cannae’s revenue for the quarter was down .1% compared to the same quarter last year. Equities research analysts anticipate that Cannae will post 0.18 earnings per share for the current year.

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 is based in Las Vegas, Nevada.

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