CyrusOne Inc (NASDAQ:CONE) Scheduled to Post Earnings on Wednesday
CyrusOne Inc (NASDAQ:CONE) will be releasing its earnings data after the market closes on Wednesday, August 2nd. Analysts expect CyrusOne to post earnings of $0.74 per share for the quarter. CyrusOne has set its FY17 guidance at $2.95-3.05 EPS.
CyrusOne (NASDAQ:CONE) last issued its quarterly earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. CyrusOne had a negative net margin of 2.87% and a positive return on equity of 2.27%. The company had revenue of $149.30 million during the quarter, compared to analysts’ expectations of $150.63 million. On average, analysts expect CyrusOne to post $3.03 EPS for the current fiscal year and $3.47 EPS for the next fiscal year.
CyrusOne Inc (NASDAQ CONE) opened at 59.035 on Thursday. CyrusOne Inc has a 12 month low of $38.80 and a 12 month high of $59.35.
The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend was Wednesday, June 28th. CyrusOne’s dividend payout ratio is currently -884.16%.
Several analysts recently commented on the stock. Jefferies Group LLC restated a “buy” rating and set a $63.00 price target on shares of CyrusOne in a report on Tuesday. Stifel Nicolaus restated a “buy” rating on shares of CyrusOne in a report on Wednesday, July 19th. Zacks Investment Research upgraded shares of CyrusOne from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a report on Tuesday, July 11th. Macquarie restated an “outperform” rating and set a $58.00 price target on shares of CyrusOne in a report on Tuesday, July 4th. Finally, Credit Suisse Group assumed coverage on shares of CyrusOne in a report on Friday, June 30th. They set an “outperform” rating and a $73.00 price target for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $59.29.
In other news, CEO Gary J. Wojtaszek sold 38,294 shares of CyrusOne stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $58.01, for a total value of $2,221,434.94. Following the transaction, the chief executive officer now owns 511,621 shares of the company’s stock, valued at $29,679,134.21. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Gary J. Wojtaszek sold 80,000 shares of CyrusOne stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $57.79, for a total transaction of $4,623,200.00. Following the completion of the transaction, the insider now directly owns 511,621 shares in the company, valued at approximately $29,566,577.59. The disclosure for this sale can be found here. In the last three months, insiders sold 126,894 shares of company stock worth $7,342,489. Insiders own 1.64% of the company’s stock.
CyrusOne Company Profile
CyrusOne Inc is a real estate investment trust. The Company is an owner, operator and developer of enterprise-class, carrier-neutral, multi-tenant data center properties. The Company’s data centers are generally purpose-built facilities with redundant power and cooling. The CyrusOne National IX Platform (the National IX Platform) delivers interconnection across states and between metro-enabled sites within its footprint and beyond.
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