Wall Street analysts expect CyrusOne Inc (NASDAQ:CONE) to post sales of $182.48 million for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for CyrusOne’s earnings. The lowest sales estimate is $177.51 million and the highest is $184.60 million. CyrusOne reported sales of $137.40 million in the same quarter last year, which would suggest a positive year over year growth rate of 32.8%. The company is scheduled to issue its next quarterly earnings report on Wednesday, February 28th.

On average, analysts expect that CyrusOne will report full year sales of $182.48 million for the current year, with estimates ranging from $669.01 million to $676.10 million. For the next financial year, analysts anticipate that the business will report sales of $795.57 million per share, with estimates ranging from $773.67 million to $822.55 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for CyrusOne.

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

Several research analysts have recently weighed in on the stock. BidaskClub raised shares of CyrusOne from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 16th. Cowen reissued a “buy” rating and set a $68.00 price target on shares of CyrusOne in a research report on Thursday, September 21st. Morgan Stanley reissued an “overweight” rating and set a $63.00 price target (up previously from $58.00) on shares of CyrusOne in a research report on Friday, August 25th. ValuEngine cut shares of CyrusOne from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Mitsubishi UFJ Financial Group raised shares of CyrusOne from a “neutral” rating to an “overweight” rating in a research report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $64.15.

In related news, insider Venkatesh S. Durvasula sold 13,500 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $60.20, for a total value of $812,700.00. Following the sale, the insider now directly owns 214,063 shares in the company, valued at approximately $12,886,592.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.64% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the business. IFP Advisors Inc increased its stake 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 worth $101,000 after purchasing an additional 1,198 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in shares of 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 worth $113,000 after buying an additional 1,850 shares during the period. Almanack Investment Partners LLC. purchased a new stake in shares of CyrusOne during the second quarter worth approximately $124,000. Public Employees Retirement Association of Colorado increased its stake in shares of 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 worth $152,000 after buying an additional 484 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of 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 worth $169,000 after buying an additional 751 shares during the period. Institutional investors own 98.49% of the company’s stock.

CyrusOne (NASDAQ:CONE) opened at $59.40 on Thursday. 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 has a market cap of $5,457.54, a PE ratio of 20.19, a PEG ratio of 1.07 and a beta of 0.79. CyrusOne has a 1 year low of $43.90 and a 1 year high of $65.73.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.68 annualized dividend and a yield of 2.83%. CyrusOne’s dividend payout ratio (DPR) 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.

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Earnings History and Estimates for CyrusOne (NASDAQ:CONE)

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