This business services company beat earnings estimates by $0.17 last quarter. The shares just crossed over their 50-day moving average in August, a bullish indicator.
Dun & Bradstreet Corp. (DNB)
From Wall Street Stock Forecaster
Dun & Bradstreet Corp. (DNB; Conservative Growth Portfolio, Finance sector; Shares o/s: 37.0 million; Market cap: $4.0 billion; Price-to-sales ratio: 2.4; TSINetwork Rating: Average); is the world’s largest provider of credit reports on individual companies. Businesses use that information to make buying decisions and protect themselves from credit losses.
In January 2017, Dun & Bradstreet paid $150 million for Avention Inc. It makes software, including the OneSource platform. That system collects company, industry and financial data from a variety of sources, including news articles, websites and regulatory filings. Clients then use the data to improve their direct-mail and online marketing campaigns.
The Avention purchase helped lift the company’s revenue in the three months ended June 30, 2017, by 2.3%, to $408.4 million from $399.3 million a year earlier. Earnings rose 2.2%, to $1.40 a share from $1.37.
Dun & Bradstreet is a buy.
Patrick McKeough, Wall Street Stock Forecaster, www.tsinetwork.ca, 888-292-0296, September 2017