Zayo Group Holdings, Inc. (ZAYO) Scheduled to Post Earnings on Monday
Zayo Group Holdings, Inc. (NYSE:ZAYO) will be posting its quarterly earnings results before the market opens on Monday, November 6th. Analysts expect Zayo Group Holdings to post earnings of $0.15 per share for the quarter.
Zayo Group Holdings (NYSE:ZAYO) last posted its earnings results on Monday, August 21st. The technology company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.02). Zayo Group Holdings had a return on equity of 7.48% and a net margin of 3.90%. The company had revenue of $638.00 million during the quarter, compared to analysts’ expectations of $642.67 million. During the same period in the prior year, the business posted ($0.13) earnings per share. The company’s revenue for the quarter was up 25.8% on a year-over-year basis. On average, analysts expect Zayo Group Holdings to post $0.59 EPS for the current fiscal year and $0.66 EPS for the next fiscal year.
Zayo Group Holdings, Inc. (NYSE ZAYO) traded down 0.50% during midday trading on Monday, hitting $35.52. 110,821 shares of the stock traded hands. Zayo Group Holdings, Inc. has a 52-week low of $29.30 and a 52-week high of $36.79. The firm’s 50-day moving average is $34.96 and its 200-day moving average is $33.27. The company has a market cap of $8.76 billion, a price-to-earnings ratio of 101.49 and a beta of 0.55.
In other Zayo Group Holdings news, insider John F. Jr. Waters sold 9,512 shares of the stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $34.10, for a total transaction of $324,359.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Fund X/C Lp Gtcr sold 4,700,000 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $34.35, for a total transaction of $161,445,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,271,311 shares of company stock valued at $180,967,923. 5.20% of the stock is owned by insiders.
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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