Analysts Expect Dupont Fabros Technology, Inc. (DFT) Will Announce Earnings of $0.77 Per Share
Wall Street brokerages expect Dupont Fabros Technology, Inc. (NYSE:DFT) to post earnings of $0.77 per share for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Dupont Fabros Technology’s earnings, with the lowest EPS estimate coming in at $0.73 and the highest estimate coming in at $0.80. Dupont Fabros Technology posted earnings per share of $0.73 during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.5%. The company is expected to announce its next earnings report on Thursday, October 26th.
According to Zacks, analysts expect that Dupont Fabros Technology will report full year earnings of $3.11 per share for the current fiscal year, with EPS estimates ranging from $3.05 to $3.22. For the next financial year, analysts expect that the business will post earnings of $3.45 per share, with EPS estimates ranging from $3.29 to $3.72. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Dupont Fabros Technology.
Dupont Fabros Technology (NYSE:DFT) last issued its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by $0.39. The firm had revenue of $140.70 million for the quarter, compared to analysts’ expectations of $141.48 million. Dupont Fabros Technology had a return on equity of 19.58% and a net margin of 26.05%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same period last year, the company earned $0.64 earnings per share.
A number of brokerages have recently issued reports on DFT. Jefferies Group LLC reaffirmed a “hold” rating and issued a $63.00 price target on shares of Dupont Fabros Technology in a research note on Friday, July 14th. KeyCorp raised Dupont Fabros Technology from a “sector weight” rating to an “overweight” rating and set a $60.00 price target on the stock in a research note on Tuesday, May 2nd. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Dupont Fabros Technology in a research note on Monday, May 1st. Zacks Investment Research raised Dupont Fabros Technology from a “sell” rating to a “hold” rating in a research note on Monday, May 1st. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $54.00 price target (up from $53.00) on shares of Dupont Fabros Technology in a research note on Wednesday, April 19th. Eleven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $57.63.
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In other Dupont Fabros Technology news, Director Frederic V. Malek sold 30,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $62.71, for a total transaction of $1,881,300.00. Following the transaction, the director now owns 112,375 shares of the company’s stock, valued at $7,047,036.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maria Kenny sold 149,910 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $61.49, for a total value of $9,217,965.90. Following the transaction, the executive vice president now directly owns 122,638 shares in the company, valued at approximately $7,541,010.62. The disclosure for this sale can be found here. Insiders have sold 687,618 shares of company stock worth $42,548,490 in the last three months. 5.60% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. Grove Bank & Trust raised its position in Dupont Fabros Technology by 36.6% in the second quarter. Grove Bank & Trust now owns 1,830 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 490 shares during the period. Penserra Capital Management LLC bought a new position in Dupont Fabros Technology during the first quarter worth $102,000. Meeder Asset Management Inc. bought a new position in Dupont Fabros Technology during the first quarter worth $109,000. World Asset Management Inc bought a new position in Dupont Fabros Technology during the second quarter worth $213,000. Finally, Creative Planning raised its position in Dupont Fabros Technology by 56.4% in the first quarter. Creative Planning now owns 3,990 shares of the real estate investment trust’s stock worth $198,000 after buying an additional 1,439 shares during the period.
Shares of Dupont Fabros Technology (DFT) opened at 62.56 on Monday. Dupont Fabros Technology has a one year low of $37.54 and a one year high of $66.18. The stock’s 50 day moving average price is $61.88 and its 200 day moving average price is $53.42. The stock has a market capitalization of $4.85 billion, a PE ratio of 38.10 and a beta of 0.68.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Monday, July 3rd were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend was Thursday, June 29th. Dupont Fabros Technology’s dividend payout ratio (DPR) is currently 121.95%.
Dupont Fabros Technology Company Profile
DuPont Fabros Technology, Inc (DFT) is a real estate investment trust (REIT). The Company owns, acquires, develops and operates wholesale data centers. The Company’s customers include national and international enterprises across various industries, such as technology, Internet, content providers, cloud providers, media, communications, healthcare and financial services.
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