A share price of Cannae Holdings Inc [CNNE] is currently trading at $21.93, down -0.50%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CNNE shares have lost -0.32% over the last week, with a monthly amount glided 8.19%, and seem to be holding up well over a long-time horizon.
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On 1, March 2024, Cannae Holdings, Inc. Commences Cash Tender Offer to Purchase Up to $200 Million in Value of Shares of its Common Stock. In a post published today on Yahoo Finance, Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) today announced the commencement of a tender offer (the “Offer”) to purchase up to $200 million in aggregate purchase price of its outstanding shares of common stock, par value $0.0001 per share (the “Securities”), or such lesser aggregate purchase price of the Securities as are properly tendered and not properly withdrawn, at a single per-Security price not greater than $23.75 nor less than $20.75 per share to the seller in cash, less any applicable withholding taxes and without interest.
From an analyst’s perspective:
Cannae Holdings Inc [NYSE: CNNE] stock has seen the most recent analyst activity on December 20, 2021, when RBC Capital Mkts initiated its Outperform rating and assigned the stock a price target of $42. On November 09, 2018, upgrade upgraded it’s rating to Overweight.
Cannae Holdings Inc experienced fluctuations in its stock price throughout the past year between $15.93 and $22.92. Cannae Holdings Inc [NYSE: CNNE] shares were valued at $21.93 at the most recent close of the market.
Analyzing the CNNE fundamentals
Trailing Twelve Months sales for Cannae Holdings Inc [NYSE:CNNE] were 570.00M which represents -23.38% decline. Gross Profit Margin for this corporation currently stands at 0.09% with Operating Profit Margin at -0.11%, Pretax Profit Margin comes in at -0.36%, and Net Profit Margin reading is -0.49%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is -0.11 and Total Capital is -0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.05.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 21.84 points at the first support level, and at 21.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.05, and for the 2nd resistance point, it is at 22.17.
Cannae Holdings Inc [CNNE] reported earnings per share of -$0.83 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.55/share, meaning a difference of -$0.28 and a surprise factor of -50.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$2.18 per share as compared to estimates of -$0.33 per share, a difference of -$1.85 representing a surprise of -560.60%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Cannae Holdings Inc [NYSE:CNNE] is 1.65. Also, the Quick Ratio is 1.65, while the Cash Ratio stands at 0.99. Considering the valuation of this stock, the price to sales ratio is 2.79, the price to book ratio is 0.66.
Transactions by insiders
Recent insider trading involved Massey Richard N, Chief Executive Officer, that happened on Sep 26 ’23 when 50000.0 shares were purchased. 10% Owner, Cannae Holdings, Inc. completed a deal on Sep 06 ’23 to sell 0.11 million shares. Meanwhile, Chief Executive Officer Massey Richard N bought 50000.0 shares on May 12 ’23.
