Cannae Holdings Inc (NYSE:CNNE) – Investment analysts at Piper Jaffray Companies issued their Q1 2020 earnings estimates for shares of Cannae in a research report issued to clients and investors on Friday, March 15th. Piper Jaffray Companies analyst J. Deleeuw expects that the company will post earnings of $0.21 per share for the quarter. Piper Jaffray Companies also issued estimates for Cannae’s Q2 2020 earnings at $0.22 EPS, Q3 2020 earnings at $0.01 EPS, Q4 2020 earnings at $0.16 EPS and FY2020 earnings at $0.59 EPS.

Cannae (NYSE:CNNE) last issued its earnings results on Thursday, March 14th. The company reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $1.03. Cannae had a return on equity of 4.18% and a net margin of 2.28%. The business had revenue of $317.20 million during the quarter, compared to analysts’ expectations of $321.10 million. The firm’s revenue was down .1% on a year-over-year basis.

Other equities analysts have also recently issued reports about the company. TheStreet raised Cannae from a “c” rating to a “b” rating in a report on Friday, March 15th. Zacks Investment Research raised Cannae from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a report on Tuesday, February 5th. Finally, ValuEngine cut Cannae from a “strong-buy” rating to a “buy” rating in a report on Monday, February 4th.

Shares of CNNE opened at $23.70 on Monday. Cannae has a 1 year low of $15.87 and a 1 year high of $24.28. The company has a quick ratio of 1.75, a current ratio of 2.12 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.71 billion, a PE ratio of 34.35 and a beta of 0.79.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. bought a new stake in Cannae during the 4th quarter worth approximately $41,000. PNC Financial Services Group Inc. grew its position in Cannae by 13.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,816 shares of the company’s stock worth $133,000 after acquiring an additional 949 shares during the last quarter. Athena Capital Advisors LLC bought a new stake in Cannae during the 4th quarter worth approximately $151,000. Raymond James Trust N.A. bought a new stake in Cannae during the 3rd quarter worth approximately $250,000. Finally, Franklin Resources Inc. bought a new stake in Cannae during the 3rd quarter worth approximately $255,000. Institutional investors and hedge funds own 81.16% 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 is based in Las Vegas, Nevada.

See Also: Gross Domestic Product (GDP)

Earnings History and Estimates for Cannae (NYSE:CNNE)

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