Analysts Expect Zayo Group Holdings, Inc. (ZAYO) to Post $0.12 EPS
Brokerages predict that Zayo Group Holdings, Inc. (NYSE:ZAYO) will announce earnings per share (EPS) of $0.12 for the current quarter, Zacks reports. Nine analysts have made estimates for Zayo Group Holdings’ earnings, with estimates ranging from $0.08 to $0.18. Zayo Group Holdings reported earnings per share of $0.06 in the same quarter last year, which suggests a positive year-over-year growth rate of 100%. The firm is expected to announce its next earnings report on Tuesday, November 14th.
According to Zacks, analysts expect that Zayo Group Holdings will report full year earnings of $0.58 per share for the current fiscal year, with EPS estimates ranging from $0.37 to $0.88. For the next year, analysts anticipate that the business will post earnings of $0.66 per share, with EPS estimates ranging from $0.44 to $0.90. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover Zayo Group Holdings.
Zayo Group Holdings (NYSE:ZAYO) last posted its quarterly earnings results on Monday, August 21st. The technology company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.02. The company had revenue of $638 million during the quarter, compared to analyst estimates of $642.67 million. Zayo Group Holdings had a net margin of 3.90% and a return on equity of 7.48%. The firm’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same period last year, the firm earned ($0.13) EPS.
A number of brokerages have recently issued reports on ZAYO. Deutsche Bank AG began coverage on Zayo Group Holdings in a research report on Monday, August 28th. They set a “hold” rating for the company. Cowen and Company reiterated an “outperform” rating and set a $45.00 price target on shares of Zayo Group Holdings in a research report on Wednesday, August 23rd. BidaskClub upgraded Zayo Group Holdings from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. Stifel Nicolaus reiterated a “buy” rating on shares of Zayo Group Holdings in a research report on Tuesday, August 22nd. Finally, Pacific Crest reiterated an “equal weight” rating on shares of Zayo Group Holdings in a research report on Friday, June 23rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. Zayo Group Holdings presently has an average rating of “Hold” and an average price target of $38.36.
In related news, CEO Daniel Caruso sold 49,868 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $32.03, for a total transaction of $1,597,272.04. Following the transaction, the chief executive officer now directly owns 4,581,329 shares of the company’s stock, valued at approximately $146,739,967.87. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kenneth Desgarennes sold 38,885 shares of the firm’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $31.52, for a total value of $1,225,655.20. Following the transaction, the chief financial officer now directly owns 1,055,045 shares in the company, valued at $33,255,018.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 932,384 shares of company stock worth $30,359,019. 5.80% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the business. Prudential Financial Inc. increased its stake in Zayo Group Holdings by 13.0% in the 1st quarter. Prudential Financial Inc. now owns 9,600 shares of the technology company’s stock worth $316,000 after purchasing an additional 1,102 shares during the period. Xact Kapitalforvaltning AB increased its stake in Zayo Group Holdings by 19.6% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 16,758 shares of the technology company’s stock worth $518,000 after purchasing an additional 2,749 shares during the period. JPMorgan Chase & Co. increased its stake in Zayo Group Holdings by 1,118.9% in the 1st quarter. JPMorgan Chase & Co. now owns 570,261 shares of the technology company’s stock worth $18,762,000 after purchasing an additional 523,476 shares during the period. Morgan Stanley increased its stake in Zayo Group Holdings by 26.9% in the 1st quarter. Morgan Stanley now owns 191,540 shares of the technology company’s stock worth $6,302,000 after purchasing an additional 40,598 shares during the period. Finally, State of Wisconsin Investment Board increased its stake in Zayo Group Holdings by 38.5% in the 2nd quarter. State of Wisconsin Investment Board now owns 209,641 shares of the technology company’s stock worth $6,478,000 after purchasing an additional 58,230 shares during the period. 78.92% of the stock is currently owned by institutional investors and hedge funds.
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Zayo Group Holdings (NYSE ZAYO) opened at 34.13 on Friday. Zayo Group Holdings has a 1-year low of $28.15 and a 1-year high of $35.65. The company has a 50-day moving average price of $33.47 and a 200-day moving average price of $32.63. The firm has a market cap of $8.41 billion, a P/E ratio of 97.51 and a beta of 0.55.
Zayo Group Holdings Company Profile
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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