Dun & Bradstreet Corp. (DNB) Upgraded to Hold at Zacks Investment Research
According to Zacks, “Dun & Bradstreet is expected to benefit from its high-margin business model and strong product portfolio. DNB’s partnerships with big players have also helped it bring many more customers into the fold. Plus, D&B is well-positioned to gain from its strategic acquisitions and alliances. The company’s focus on expanding analytics capabilities is also a positive. Though D&B’s Americas business remains strong, but the international business continues to be a drag on financials. Stiff competition, weak DNBi business and high debt are other areas of concerns.”
DNB has been the topic of several other reports. William Blair restated a market perform rating on shares of Dun & Bradstreet Corp. in a research note on Monday, October 17th. Barclays PLC boosted their price objective on shares of Dun & Bradstreet Corp. from $100.00 to $125.00 and gave the stock an underweight rating in a research note on Wednesday, August 3rd.
Dun & Bradstreet Corp. (NYSE:DNB) opened at 122.33 on Monday. The company has a 50-day moving average of $122.54 and a 200 day moving average of $128.56. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 46.76 and a beta of 1.45. Dun & Bradstreet Corp. has a 52-week low of $85.99 and a 52-week high of $141.57.
Dun & Bradstreet Corp. (NYSE:DNB) last released its quarterly earnings data on Tuesday, November 1st. The company reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.04. The company had revenue of $412.80 million for the quarter, compared to analyst estimates of $423.62 million. Dun & Bradstreet Corp. had a net margin of 5.70% and a negative return on equity of 24.33%. Dun & Bradstreet Corp.’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.62 EPS. On average, equities research analysts anticipate that Dun & Bradstreet Corp. will post $7.38 EPS for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Wednesday, November 23rd will be issued a dividend of $0.4825 per share. This represents a $1.93 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Monday, November 21st. Dun & Bradstreet Corp.’s payout ratio is 73.11%.
Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Dun & Bradstreet Corp. by 2.8% in the second quarter. Vanguard Group Inc. now owns 3,180,070 shares of the company’s stock valued at $387,461,000 after buying an additional 87,258 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Dun & Bradstreet Corp. by 2.5% in the third quarter. Bank of New York Mellon Corp now owns 2,882,516 shares of the company’s stock worth $393,810,000 after buying an additional 69,905 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in Dun & Bradstreet Corp. during the second quarter worth about $153,413,000. Franklin Resources Inc. increased its stake in Dun & Bradstreet Corp. by 4.3% in the second quarter. Franklin Resources Inc. now owns 1,065,201 shares of the company’s stock worth $129,784,000 after buying an additional 44,005 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in Dun & Bradstreet Corp. by 5.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,055,034 shares of the company’s stock worth $144,139,000 after buying an additional 54,369 shares in the last quarter. 91.74% of the stock is owned by institutional investors and hedge funds.
About Dun & Bradstreet Corp.
The Dun & Bradstreet Corporation is the source of commercial data, analytics and insight on businesses. The Company operates through two segments: Americas, which consists of its operations in the United States, Canada and Latin America, and Non-Americas, which consists of its operations in the United Kingdom, the Netherlands, Belgium, Greater China and India.
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