Zayo Group Holdings, Inc. (ZAYO) Scheduled to Post Quarterly Earnings on Wednesday
Zayo Group Holdings, Inc. (NYSE:ZAYO) is scheduled to announce its earnings results before the market opens on Wednesday, August 23rd. Analysts expect the company to announce earnings of $0.15 per share for the quarter.
Zayo Group Holdings, Inc. (NYSE ZAYO) opened at 33.81 on Wednesday. The firm’s 50-day moving average is $31.90 and its 200 day moving average is $32.31. The firm has a market capitalization of $8.31 billion, a P/E ratio of 260.08 and a beta of 0.56. Zayo Group Holdings, Inc. has a 12 month low of $27.74 and a 12 month high of $35.65.
Several research analysts have commented on the stock. BidaskClub downgraded shares of Zayo Group Holdings from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. Cowen and Company reissued a “buy” rating on shares of Zayo Group Holdings in a report on Friday, August 11th. Goldman Sachs Group, Inc. (The) downgraded shares of Zayo Group Holdings from a “conviction-buy” rating to a “buy” rating in a report on Friday, May 19th. Zacks Investment Research raised shares of Zayo Group Holdings from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Wednesday, May 3rd. Finally, Citigroup Inc. raised their price target on shares of Zayo Group Holdings from $38.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, April 25th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. Zayo Group Holdings presently has a consensus rating of “Hold” and a consensus price target of $37.85.
In related news, CEO Daniel Caruso sold 154,402 shares of Zayo Group Holdings stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $32.38, for a total value of $4,999,536.76. Following the transaction, the chief executive officer now owns 4,608,165 shares in the company, valued at approximately $149,212,382.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kenneth Desgarennes sold 1,796 shares of Zayo Group Holdings stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $30.58, for a total transaction of $54,921.68. Following the completion of the transaction, the chief financial officer now owns 1,095,852 shares in the company, valued at approximately $33,511,154.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 637,306 shares of company stock worth $20,270,946. Corporate insiders own 5.80% of the company’s stock.
About Zayo Group Holdings
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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