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Cannae Holdings (CNNE)
NYSE:CNNE
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.4Last Year’s EPS
-1.27Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 24, 2025
|% Change Since: -14.90%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a balance of positive developments and challenges. Significant progress was made with AFC Bournemouth's performance and strategic investments, while substantial capital was returned to shareholders. However, there were notable declines in key areas such as DNB and restaurant revenues.Company Guidance
During the Cannae Holdings Fourth Quarter 2024 Financial Results Conference Call, the company provided guidance on several key metrics. For 2025, AFC Bournemouth's revenues are expected to increase again after a 14% rise in 2024. Alight projects mid-to-high single-digit growth in adjusted EBITDA and double-digit growth in free cash flow for the upcoming year. Dun & Bradstreet achieved a 3% organic revenue growth in 2024, with an adjusted EBITDA of $927 million, and it aims to announce ongoing strategic discussions' outcomes in early 2025. Cannae also highlighted a 36% discount of its share price to net asset value (NAV), aiming to prioritize share buybacks to address this. Finally, the company plans to rebalance its portfolio, focusing on reducing public company investments and investing in existing and new private companies with high return potential, thereby driving growth in NAV.AFC Bournemouth Performance
AFC Bournemouth revenues increased nearly GBP20 million or 14% in fiscal year 2024. The team sits in sixth place in the Premier League, its highest ranking ever, with the longest unbeaten streak in club history.
New Investments and Partnerships
Cannae made several new private investments, including a 20% equity interest in JANA Partners with significant upside potential, and acquired a majority stake in Watkins Company, which ended 2024 with sales up in the mid-single digits and EBITDA in the high single digits.
Capital Returns to Shareholders
Cannae returned significant capital to shareholders through a Dutch auction repurchasing 9.7 million shares worth approximately $222 million and initiated a quarterly dividend returning an additional $23 million in 2024.
Corporate Developments
The internalization of the external manager and the return of Bill Foley as CEO, with key management now compensated primarily with Cannae shares, aims to align management with shareholder interests.
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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 |
|---|---|---|---|
| Feb 24, 2025 | $19.19 | $19.10 | -0.47% |
| 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% |
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 May 07, 2025, TBA Not Confirmed.
What is Cannae Holdings (CNNE) earnings time?
Cannae Holdings (CNNE) earnings time is at May 07, 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 2025 (Q1) is -0.4.
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