Cannae (NYSE:CNNE) Announces Earnings Results, Beats Expectations By $1.28 EPS

Cannae (NYSE:CNNE) posted its quarterly earnings results on Monday. The company reported $0.86 EPS for the quarter, beating the consensus estimate of ($0.42) by $1.28, FiscalAI reports. The firm had revenue of $102.20 million for the quarter, compared to analyst estimates of $99.65 million. Cannae had a negative net margin of 38.18% and a negative return on equity of 13.69%.

Here are the key takeaways from Cannae’s conference call:

• Capital allocation flexibility improved following the $90 million Watkins sale and elimination of the Brasada put right; Cannae ended July with $124 million of corporate cash and expects to resume opportunistic share repurchases in the second half of 2026.
• AFC Bournemouth achieved its highest-ever Premier League finish, qualified for the UEFA Europa League, and is expanding its stadium capacity and hospitality offerings, which management expects to support broadcast, commercial, and brand revenue growth.
• Corporate holding-company expenses fell 85% year over year in the quarter and are expected to remain materially lower for the rest of the year, reflecting reduced management and transition costs.
• The restaurant group remains under strategic review amid declining traffic, O’Charley’s store closures, and $45 million of impairment charges, including $32 million of goodwill impairment; management said financing delays have pushed out the expected transaction timeline.
• SpaceX’s IPO generated an $83.4 million mark-to-market gain, but future earnings may be volatile as Cannae revalues the investment, while the company evaluates the timing of potential liquidity under a tiered lockup.

Cannae Trading Down 1.2%

Shares of Cannae stock traded down $0.18 on Wednesday, reaching $14.65. 61,851 shares of the company were exchanged, compared to its average volume of 548,241. The stock has a fifty day moving average price of $14.51 and a 200-day moving average price of $13.54. The firm has a market capitalization of $643.96 million, a price-to-earnings ratio of -4.83 and a beta of 1.20. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.07. Cannae has a fifty-two week low of $10.46 and a fifty-two week high of $19.88.

Cannae Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Wednesday, September 16th. Cannae’s payout ratio is presently -19.87%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Rubric Capital Management LP lifted its stake in shares of Cannae by 41.3% in the 2nd quarter. Rubric Capital Management LP now owns 2,105,864 shares of the company’s stock valued at $43,907,000 after purchasing an additional 615,616 shares during the last quarter. State of Wisconsin Investment Board raised its stake in shares of Cannae by 109.6% in the 4th quarter. State of Wisconsin Investment Board now owns 815,918 shares of the company’s stock valued at $12,834,000 after acquiring an additional 426,736 shares in the last quarter. Jane Street Group LLC boosted its position in Cannae by 467.8% during the fourth quarter. Jane Street Group LLC now owns 468,356 shares of the company’s stock worth $7,367,000 after purchasing an additional 385,865 shares during the period. Saba Capital Management L.P. grew its holdings in Cannae by 23.3% during the fourth quarter. Saba Capital Management L.P. now owns 1,714,994 shares of the company’s stock valued at $26,977,000 after purchasing an additional 323,531 shares during the last quarter. Finally, ExodusPoint Capital Management LP acquired a new stake in shares of Cannae in the fourth quarter valued at about $2,895,000. 88.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on CNNE. Royal Bank Of Canada reiterated an “outperform” rating and set a $16.00 target price on shares of Cannae in a report on Tuesday. Stephens reissued an “overweight” rating and set a $17.00 price objective on shares of Cannae in a report on Thursday, April 23rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cannae in a research note on Monday, July 6th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $16.50.

About Cannae

Cannae Holdings, Inc (NYSE: CNNE) is a publicly traded diversified holding company that focuses on partnering with and investing in businesses across a range of industry sectors. The company seeks to identify attractive opportunities in both private and public markets, leveraging its capital resources and management expertise to support operational growth and value creation. Cannae’s investment strategy emphasizes companies in data and analytics, marketing services, healthcare technology, and payment processing.

Through its portfolio, Cannae holds controlling or significant minority stakes in companies that provide critical software, data and services to corporate clients.