Brokerages predict that CyrusOne Inc (NASDAQ:CONE) will report earnings of $0.82 per share for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for CyrusOne’s earnings. The highest EPS estimate is $0.83 and the lowest is $0.81. CyrusOne reported earnings of $0.01 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 8,100%. The business is scheduled to issue its next earnings report on Wednesday, February 28th.

According to Zacks, analysts expect that CyrusOne will report full-year earnings of $3.09 per share for the current fiscal year, with EPS estimates ranging from $3.04 to $3.11. For the next year, analysts expect that the firm will post earnings of $3.48 per share, with EPS estimates ranging from $3.32 to $3.63. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow CyrusOne.

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

Several brokerages have recently commented on CONE. Jefferies Group reissued a “buy” rating and issued a $69.00 price objective on shares of CyrusOne in a research note on Monday, August 14th. BidaskClub raised CyrusOne from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 16th. UBS raised CyrusOne from a “neutral” rating to an “overweight” rating in a research note on Thursday, November 2nd. Cowen reissued a “buy” rating and issued a $68.00 price objective on shares of CyrusOne in a research note on Thursday, September 21st. Finally, ValuEngine downgraded CyrusOne from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. CyrusOne currently has an average rating of “Buy” and a consensus target price of $64.15.

In related news, insider Venkatesh S. Durvasula sold 13,500 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $60.20, for a total transaction of $812,700.00. Following the completion of the sale, the insider now directly owns 214,063 shares of the company’s stock, valued at $12,886,592.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.64% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. IFP Advisors Inc grew its holdings in CyrusOne by 232.6% during the third quarter. IFP Advisors Inc now owns 1,713 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 1,198 shares during the period. Benjamin F. Edwards & Company Inc. grew its holdings in CyrusOne by 3,032.8% during 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 purchasing an additional 1,850 shares during the period. Almanack Investment Partners LLC. bought a new position in CyrusOne during the second quarter valued at $124,000. Public Employees Retirement Association of Colorado grew its holdings in CyrusOne by 21.6% during 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 purchasing an additional 484 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in CyrusOne by 32.9% during 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 purchasing an additional 751 shares during the period. 98.49% of the stock is owned by institutional investors.

Shares of CyrusOne (NASDAQ CONE) traded down $0.84 during trading on Tuesday, hitting $58.93. The stock had a trading volume of 849,494 shares, compared to its average volume of 1,054,533. The stock has a market capitalization of $5,380.00, a P/E ratio of 20.42, a PEG ratio of 1.08 and a beta of 0.79. CyrusOne has a 12-month low of $43.90 and a 12-month high of $65.73. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 1.56.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors 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 dividend yield of 2.85%. The ex-dividend date is Thursday, December 28th. CyrusOne’s payout ratio is -171.43%.

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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.

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Earnings History and Estimates for CyrusOne (NASDAQ:CONE)

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