Analysts expect that Zayo Group Holdings (NYSE:ZAYO) will post earnings per share of $0.09 for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Zayo Group’s earnings, with estimates ranging from $0.03 to $0.14. Zayo Group posted earnings of $0.13 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 30.8%. The company is expected to announce its next earnings report on Monday, August 20th.
According to Zacks, analysts expect that Zayo Group will report full year earnings of $0.33 per share for the current fiscal year, with EPS estimates ranging from $0.26 to $0.39. For the next fiscal year, analysts anticipate that the company will post earnings of $0.49 per share, with EPS estimates ranging from $0.31 to $0.77. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Zayo Group.
Zayo Group (NYSE:ZAYO) last posted its quarterly earnings data on Thursday, May 3rd. The technology company reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. The company had revenue of $649.40 million for the quarter, compared to analyst estimates of $652.84 million. Zayo Group had a net margin of 3.15% and a return on equity of 9.31%. Zayo Group’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 earnings per share.
A number of research analysts have commented on the stock. Zacks Investment Research restated a “hold” rating on shares of Zayo Group in a research note on Saturday, April 21st. Morgan Stanley lifted their price objective on shares of Zayo Group from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Deutsche Bank upgraded shares of Zayo Group from a “hold” rating to a “buy” rating and lifted their price objective for the company from $37.00 to $42.00 in a research note on Wednesday, April 18th. SunTrust Banks lifted their price objective on shares of Zayo Group to $45.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Finally, Rabobank International upgraded shares of Zayo Group from a “market perform” rating to an “outperform” rating in a research note on Sunday, April 15th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Zayo Group presently has an average rating of “Buy” and a consensus target price of $42.40.
NYSE ZAYO traded up $0.09 during trading on Tuesday, reaching $34.08. The company’s stock had a trading volume of 2,491,300 shares, compared to its average volume of 2,289,830. The company has a debt-to-equity ratio of 3.77, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $8.49 billion, a PE ratio of 85.20, a P/E/G ratio of 12.99 and a beta of 0.52. Zayo Group has a twelve month low of $29.73 and a twelve month high of $37.95.
In other news, Director Richard W. Connor sold 1,037 shares of the business’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $34.00, for a total transaction of $35,258.00. Following the transaction, the director now directly owns 148,383 shares in the company, valued at $5,045,022. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Daniel Caruso sold 133,888 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $36.00, for a total transaction of $4,819,968.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,378,206 shares of company stock worth $198,932,799. Company insiders own 5.20% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in ZAYO. Dimensional Fund Advisors LP boosted its holdings in Zayo Group by 2.9% during the third quarter. Dimensional Fund Advisors LP now owns 816,893 shares of the technology company’s stock worth $28,115,000 after buying an additional 22,862 shares in the last quarter. Nisa Investment Advisors LLC purchased a new stake in Zayo Group during the fourth quarter worth about $552,000. USS Investment Management Ltd boosted its holdings in Zayo Group by 46.3% during the fourth quarter. USS Investment Management Ltd now owns 3,000,000 shares of the technology company’s stock worth $110,415,000 after buying an additional 950,000 shares in the last quarter. Bank of Montreal Can boosted its holdings in Zayo Group by 6.7% during the fourth quarter. Bank of Montreal Can now owns 299,580 shares of the technology company’s stock worth $11,024,000 after buying an additional 18,940 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Zayo Group by 9.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 692,265 shares of the technology company’s stock worth $25,476,000 after buying an additional 59,182 shares in the last quarter. 88.20% of the stock is currently owned by hedge funds and other institutional investors.
Zayo Group Company Profile
Zayo Group Holdings, Inc, through its subsidiaries, provides bandwidth infrastructure solutions for the communications industry in the United States, Canada, and Europe. The company operates in six segments: Fiber Solutions, Transport, Enterprise Networks, Zayo Colocation (zColo), Allstream, and Other.
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