CyrusOne Inc (NASDAQ:CONE) – Equities researchers at SunTrust Banks issued their Q1 2019 earnings per share (EPS) estimates for CyrusOne in a research report issued on Wednesday. SunTrust Banks analyst G. Miller expects that the real estate investment trust will post earnings of $0.91 per share for the quarter. SunTrust Banks also issued estimates for CyrusOne’s Q2 2019 earnings at $0.93 EPS, Q3 2019 earnings at $0.97 EPS and FY2019 earnings at $3.81 EPS.

CyrusOne (NASDAQ:CONE) last announced its quarterly earnings data on Monday, October 30th. The real estate investment trust reported ($0.61) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($1.37). CyrusOne had a negative net margin of 13.60% and a negative return on equity of 3.23%. The company had revenue of $175.30 million during the quarter, compared to analyst estimates of $177.62 million. During the same quarter last year, the business earned $0.67 EPS. The firm’s revenue for the quarter was up 21.9% on a year-over-year basis.

Several other analysts have also recently commented on CONE. BidaskClub cut shares of CyrusOne from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Deutsche Bank reiterated a “buy” rating and issued a $64.00 price objective (up previously from $62.00) on shares of CyrusOne in a research note on Friday, August 11th. Jefferies Group reiterated a “buy” rating and issued a $69.00 price objective on shares of CyrusOne in a research note on Monday, August 14th. Morgan Stanley reiterated an “overweight” rating and issued a $63.00 price objective (up previously from $58.00) on shares of CyrusOne in a research note on Friday, August 25th. Finally, KeyCorp restated a “hold” rating on shares of CyrusOne in a research report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $64.15.

Shares of CyrusOne (CONE) traded up $1.76 during midday trading on Friday, hitting $59.88. 893,700 shares of the company traded hands, compared to its average volume of 1,058,445. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.48 and a quick ratio of 0.48. CyrusOne has a 12-month low of $42.99 and a 12-month high of $65.73. The firm has a market capitalization of $5,306.88, a PE ratio of 19.64, a price-to-earnings-growth ratio of 1.04 and a beta of 0.79.

Large investors have recently bought and sold shares of the company. IFP Advisors Inc raised its position in shares of CyrusOne by 232.6% in the third quarter. IFP Advisors Inc now owns 1,713 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 1,198 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of CyrusOne by 3,032.8% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,911 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 1,850 shares during the last quarter. Almanack Investment Partners LLC. acquired a new position in shares of CyrusOne in the second quarter valued at approximately $124,000. Public Employees Retirement Association of Colorado raised its position in shares of CyrusOne by 21.6% in the second quarter. Public Employees Retirement Association of Colorado now owns 2,725 shares of the real estate investment trust’s stock valued at $152,000 after buying an additional 484 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of CyrusOne by 32.9% in the second quarter. PNC Financial Services Group Inc. now owns 3,031 shares of the real estate investment trust’s stock valued at $169,000 after buying an additional 751 shares during the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

In other CyrusOne news, insider Venkatesh S. Durvasula sold 13,500 shares of CyrusOne stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $60.20, for a total transaction of $812,700.00. Following the completion of the transaction, the insider now owns 214,063 shares in the company, valued at $12,886,592.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.64% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Thursday, December 28th. CyrusOne’s payout ratio is currently -173.19%.

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About CyrusOne

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.

Earnings History and Estimates for CyrusOne (NASDAQ:CONE)

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