Wall Street analysts expect Zayo Group Holdings, Inc. (NYSE:ZAYO) to post earnings per share of $0.13 for the current quarter, according to Zacks. Eight analysts have issued estimates for Zayo Group’s earnings, with estimates ranging from $0.07 to $0.20. Zayo Group reported earnings per share of $0.08 during the same quarter last year, which would indicate a positive year over year growth rate of 62.5%. The business is scheduled to issue its next earnings report on Thursday, February 8th.

According to Zacks, analysts expect that Zayo Group will report full year earnings of $0.49 per share for the current year, with EPS estimates ranging from $0.29 to $0.69. For the next fiscal year, analysts expect that the company will post earnings of $0.60 per share, with EPS estimates ranging from $0.34 to $0.94. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Zayo Group.

A number of research firms have recently commented on ZAYO. Morgan Stanley upgraded shares of Zayo Group from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $33.00 to $40.00 in a report on Tuesday. SunTrust Banks reiterated a “buy” rating and set a $45.00 price target on shares of Zayo Group in a report on Thursday, December 7th. TheStreet cut shares of Zayo Group from a “b-” rating to a “c+” rating in a report on Monday, November 13th. Cowen reiterated a “buy” rating on shares of Zayo Group in a report on Friday, November 10th. Finally, Zacks Investment Research cut shares of Zayo Group from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $39.46.

Zayo Group (ZAYO) opened at $36.46 on Wednesday. Zayo Group has a one year low of $29.30 and a one year high of $37.01. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.81. The firm has a market cap of $8,514.32, a P/E ratio of 76.49, a price-to-earnings-growth ratio of 14.01 and a beta of 0.53.

In other news, CEO Daniel Caruso sold 29,114 shares of the firm’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $34.35, for a total transaction of $1,000,065.90. Following the sale, the chief executive officer now directly owns 4,284,854 shares in the company, valued at approximately $147,184,734.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard W. Connor sold 1,200 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $34.47, for a total transaction of $41,364.00. Following the sale, the director now owns 145,944 shares in the company, valued at $5,030,689.68. The disclosure for this sale can be found here. Insiders sold 4,937,348 shares of company stock worth $176,927,529 in the last 90 days. 5.20% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. Jana Partners LLC raised its position in shares of Zayo Group by 48.0% during the 3rd quarter. Jana Partners LLC now owns 4,175,993 shares of the technology company’s stock valued at $143,738,000 after purchasing an additional 1,353,775 shares during the period. FrontFour Capital Group LLC increased its holdings in Zayo Group by 46.9% in the 3rd quarter. FrontFour Capital Group LLC now owns 147,637 shares of the technology company’s stock valued at $5,082,000 after acquiring an additional 47,155 shares during the last quarter. Alkeon Capital Management LLC increased its holdings in Zayo Group by 23.1% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,067,429 shares of the technology company’s stock valued at $36,741,000 after acquiring an additional 200,000 shares during the last quarter. California Public Employees Retirement System increased its holdings in Zayo Group by 2.6% in the 3rd quarter. California Public Employees Retirement System now owns 345,712 shares of the technology company’s stock valued at $11,899,000 after acquiring an additional 8,812 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in Zayo Group by 91.6% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 28,873 shares of the technology company’s stock valued at $994,000 after acquiring an additional 13,800 shares during the last quarter. Hedge funds and other institutional investors own 84.11% of the company’s stock.

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Zayo Group 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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