Equities analysts expect that CyrusOne Inc (NASDAQ:CONE) will report $182.48 million in sales for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for CyrusOne’s earnings. The highest sales estimate is $184.60 million and the lowest is $177.50 million. CyrusOne reported sales of $137.40 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 32.8%. The company is scheduled to announce its next earnings report after the market closes on Wednesday, February 21st.

On average, analysts expect that CyrusOne will report full-year sales of $182.48 million for the current financial year, with estimates ranging from $669.00 million to $676.10 million. For the next fiscal year, analysts expect that the firm will post sales of $803.73 million per share, with estimates ranging from $785.15 million to $835.67 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for CyrusOne.

CyrusOne (NASDAQ:CONE) last issued its 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). CyrusOne had a negative return on equity of 3.23% and a negative net margin of 13.60%. The business had revenue of $175.30 million for the quarter, compared to analyst estimates of $177.62 million. During the same period last year, the business posted $0.67 EPS. CyrusOne’s revenue was up 21.9% on a year-over-year basis.

CONE has been the topic of several research analyst reports. UBS Group reissued a “buy” rating and set a $70.00 target price (up previously from $63.00) on shares of CyrusOne in a research report on Wednesday, November 1st. Cowen reissued a “buy” rating and set a $78.00 target price on shares of CyrusOne in a research report on Wednesday, November 1st. Jefferies Group reissued a “buy” rating and set a $69.00 target price on shares of CyrusOne in a research report on Monday, October 16th. Deutsche Bank reissued a “buy” rating and set a $71.00 target price on shares of CyrusOne in a research report on Friday, November 10th. Finally, BidaskClub raised CyrusOne from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $64.15.

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

Several institutional investors have recently bought and sold shares of CONE. Schwab Charles Investment Management Inc. boosted its stake in shares of CyrusOne by 14.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 325,495 shares of the real estate investment trust’s stock valued at $18,147,000 after buying an additional 40,044 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of CyrusOne by 6.1% in the second quarter. Prudential Financial Inc. now owns 49,212 shares of the real estate investment trust’s stock valued at $2,744,000 after buying an additional 2,826 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of CyrusOne by 36.9% in the second quarter. Franklin Resources Inc. now owns 196,857 shares of the real estate investment trust’s stock valued at $10,975,000 after buying an additional 53,035 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of CyrusOne by 1.5% in the second quarter. Alliancebernstein L.P. now owns 68,309 shares of the real estate investment trust’s stock valued at $3,808,000 after buying an additional 990 shares in the last quarter. Finally, Riverhead Capital Management LLC boosted its stake in shares of CyrusOne by 713.1% in the second quarter. Riverhead Capital Management LLC now owns 5,692 shares of the real estate investment trust’s stock valued at $317,000 after buying an additional 4,992 shares in the last quarter. Hedge funds and other institutional investors own 96.67% of the company’s stock.

Shares of CyrusOne (CONE) opened at $56.00 on Wednesday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.48 and a current ratio of 0.48. CyrusOne has a 12-month low of $46.41 and a 12-month high of $65.73. The firm has a market capitalization of $5,045.73, a PE ratio of -57.73, a PEG ratio of 0.88 and a beta of 0.79.

The company also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend was Thursday, December 28th. CyrusOne’s dividend payout ratio (DPR) is -173.19%.

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CyrusOne Company Profile

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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