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Cannae Holdings (CNNE)
NYSE:CNNE
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.29Last Year’s EPS
-$0.83Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: -7.04%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted several strategic achievements, including successful investments and acquisitions, along with solid financial performance in key portfolio companies. However, challenges in revenue and specific portfolio segments like Sightline and the Restaurant Group indicate areas of concern.Company Guidance
During the Cannae Holdings Q3 2024 earnings call, Ryan Caswell outlined the company's strategic plan focusing on three main levers: improving the performance and valuation of portfolio companies, making new investments in private companies to grow net asset value (NAV), and returning capital to shareholders. Highlighting recent actions, Caswell discussed the acquisition of a 53% stake in the Watkins Company and the successful sale of Dayforce shares, which realized $2.8 billion. Updates on portfolio companies included D&B's revenue of $609 million with a 3.4% constant currency organic growth, and Alight's $555 million revenue, reflecting a slight decrease but a 3.5% increase in adjusted EBITDA. Cannae also returned $243 million to shareholders through share buybacks and dividends, with a third quarterly dividend of $0.12 per share planned. Financially, Cannae reported $114 million in total revenues and $132 million in operating expenses, with a current NAV of $2.1 billion or $34.29 per share.Acquisition of Watkins Company
Cannae Holdings acquired a 53% stake in Watkins Company, a leading brand in the spices, seasoning, and extracts category, which is one of the highest growth categories in the U.S. food industry. This acquisition is expected to grow distribution and profitability.
Successful Investment in Dayforce
Cannae completed the sale of its shares in Dayforce, realizing $2.8 billion from the sale and distributions after investing in the company 17 years ago.
Growth in Black Knight Football Investment
AFC Bournemouth achieved its highest Premier League points total in history and sold player Dominic Solanke for up to GBP 65 million ($84 million), the largest transfer in the club's history.
Capital Returned to Shareholders
Cannae returned $243 million to shareholders through share buybacks and dividends, with an additional $0.12 per share dividend to be paid.
D&B Revenue Growth
D&B reported a revenue of $609 million with a constant currency organic growth of 3.4% year-over-year, and adjusted EBITDA growth of 5.1%.
Alight's Financial Performance
Alight's adjusted EBITDA increased by 3.5% year-over-year, and the company announced a new $0.04 per share quarterly dividend.
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CNNE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CNNE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $21.50 | $20.90 | -2.79% |
| Aug 08, 2024 | $19.71 | $18.90 | -4.11% |
| May 09, 2024 | $19.84 | $20.17 | +1.66% |
| Feb 21, 2024 | $19.70 | $21.79 | +10.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cannae Holdings (CNNE) report earnings?
Cannae Holdings (CNNE) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Cannae Holdings (CNNE) earnings time?
Cannae Holdings (CNNE) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CNNE EPS forecast?
CNNE EPS forecast for the fiscal quarter 2024 (Q4) is -$0.29.
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