CyrusOne Inc (CONE) Scheduled to Post Quarterly Earnings on Monday
CyrusOne Inc (NASDAQ:CONE) will be announcing its earnings results after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $0.07 per share for the quarter.
CyrusOne (NASDAQ:CONE) last posted its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.03. The business had revenue of $166.90 million during the quarter, compared to the consensus estimate of $165.71 million. CyrusOne had a positive return on equity of 1.30% and a negative net margin of 4.35%. CyrusOne’s quarterly revenue was up 28.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 earnings per share. On average, analysts expect CyrusOne to post $-0.24 EPS for the current fiscal year and $0.45 EPS for the next fiscal year.
Shares of CyrusOne Inc (NASDAQ CONE) opened at 61.89 on Monday. The company has a 50-day moving average price of $61.25 and a 200-day moving average price of $57.87. The firm’s market capitalization is $5.45 billion. CyrusOne Inc has a 12-month low of $38.80 and a 12-month high of $65.73.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend was Thursday, September 28th. CyrusOne’s dividend payout ratio is presently -541.92%.
Several research firms have weighed in on CONE. William Blair began coverage on shares of CyrusOne in a research note on Friday, September 22nd. They issued an “outperform” rating for the company. Zacks Investment Research raised shares of CyrusOne from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research note on Tuesday, July 11th. KeyCorp reissued a “hold” rating on shares of CyrusOne in a research note on Tuesday, September 12th. Morgan Stanley reissued an “overweight” rating and issued a $63.00 price target (up from $58.00) on shares of CyrusOne in a research note on Friday, August 25th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $64.00 price target (up from $62.00) on shares of CyrusOne in a research note on Friday, August 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $60.77.
In related news, EVP Robert M. Jackson sold 1,890 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $59.00, for a total transaction of $111,510.00. Following the transaction, the executive vice president now owns 24,296 shares in the company, valued at $1,433,464. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.64% of the stock is owned by insiders.
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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