Wall Street brokerages expect that Zayo Group Holdings Inc (NYSE:ZAYO) will report earnings per share of $0.12 for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Zayo Group’s earnings, with estimates ranging from $0.08 to $0.19. Zayo Group reported earnings per share of $0.13 in the same quarter last year, which would suggest a negative year over year growth rate of 7.7%. The company is expected to report its next earnings report on Tuesday, May 8th.
On average, analysts expect that Zayo Group will report full-year earnings of $0.38 per share for the current financial year, with EPS estimates ranging from $0.30 to $0.54. For the next year, analysts anticipate that the company will post earnings of $0.56 per share, with EPS estimates ranging from $0.27 to $0.88. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Zayo Group.
Zayo Group (NYSE:ZAYO) last posted its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.10. The business had revenue of $653.50 million during the quarter, compared to the consensus estimate of $650.79 million. Zayo Group had a return on equity of 10.19% and a net margin of 3.42%.
ZAYO has been the subject of a number of research reports. Zacks Investment Research downgraded Zayo Group from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. TheStreet cut Zayo Group from a “b-” rating to a “c+” rating in a research note on Monday, November 13th. Morgan Stanley raised Zayo Group from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $33.00 to $40.00 in a research note on Tuesday, December 12th. Cowen reissued a “buy” rating on shares of Zayo Group in a research note on Friday, November 10th. Finally, Citigroup reissued a “buy” rating on shares of Zayo Group in a research note on Thursday, December 14th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Zayo Group currently has a consensus rating of “Buy” and an average target price of $41.09.
In related news, CEO Daniel Caruso sold 133,888 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $36.00, for a total transaction of $4,819,968.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Emily White acquired 43,095 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were acquired at an average cost of $34.99 per share, for a total transaction of $1,507,894.05. Following the completion of the transaction, the director now directly owns 3,906 shares of the company’s stock, valued at $136,670.94. The disclosure for this purchase can be found here. Insiders have sold 546,122 shares of company stock worth $20,019,666 over the last ninety days. 5.20% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in ZAYO. Cerebellum GP LLC bought a new position in Zayo Group in the fourth quarter valued at about $126,000. SG Americas Securities LLC bought a new position in Zayo Group in the fourth quarter valued at about $141,000. American International Group Inc. bought a new position in Zayo Group in the fourth quarter valued at about $162,000. Cadence Capital Management LLC bought a new position in Zayo Group in the third quarter valued at about $232,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in Zayo Group in the third quarter valued at about $235,000. 86.92% of the stock is currently owned by institutional investors.
Zayo Group (NYSE:ZAYO) traded down $0.02 on Wednesday, reaching $36.18. The company’s stock had a trading volume of 1,187,455 shares, compared to its average volume of 1,833,055. The company has a debt-to-equity ratio of 3.73, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $8,977.44, a P/E ratio of 106.41, a price-to-earnings-growth ratio of 18.98 and a beta of 0.49. Zayo Group has a twelve month low of $29.73 and a twelve month high of $37.95.
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About Zayo Group
Zayo Group Holdings, Inc provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure to a range of businesses. The Company operates in five segments: Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other.
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