Zayo Group Holdings Inc (ZAYO) to Post Q3 2018 Earnings of $0.15 Per Share, William Blair Forecasts

Zayo Group Holdings Inc (NYSE:ZAYO) – William Blair boosted their Q3 2018 earnings per share estimates for Zayo Group in a report issued on Thursday. William Blair analyst J. Breen now forecasts that the technology company will post earnings of $0.15 per share for the quarter, up from their prior forecast of $0.13. William Blair also issued estimates for Zayo Group’s Q4 2018 earnings at $0.16 EPS, FY2018 earnings at $0.45 EPS and FY2019 earnings at $0.71 EPS.

ZAYO has been the topic of several other research reports. UBS Group began coverage on Zayo Group in a research report on Tuesday, October 17th. They set a “buy” rating on the stock. Royal Bank of Canada reaffirmed a “buy” rating on shares of Zayo Group in a research report on Friday. Cowen reaffirmed a “buy” rating on shares of Zayo Group in a research report on Friday, November 10th. TheStreet raised Zayo Group from a “c” rating to a “b-” rating in a report on Tuesday, October 17th. Finally, BidaskClub raised Zayo Group from a “sell” rating to a “hold” rating in a report on Friday, October 20th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $41.09.

Zayo Group (ZAYO) opened at $35.23 on Monday. The company has a market capitalization of $8,680.00, a P/E ratio of 103.62, a price-to-earnings-growth ratio of 14.34 and a beta of 0.47. Zayo Group has a 12-month low of $29.73 and a 12-month high of $37.95. The company has a debt-to-equity ratio of 3.81, a quick ratio of 0.91 and a current ratio of 0.91.

Several institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its position in Zayo Group by 9.4% during the second quarter. The Manufacturers Life Insurance Company now owns 9,018 shares of the technology company’s stock worth $280,000 after purchasing an additional 775 shares in the last quarter. Navellier & Associates Inc boosted its position in Zayo Group by 9.7% during the second quarter. Navellier & Associates Inc now owns 14,261 shares of the technology company’s stock worth $441,000 after purchasing an additional 1,262 shares in the last quarter. Macquarie Group Ltd. boosted its position in Zayo Group by 2.6% during the second quarter. Macquarie Group Ltd. now owns 59,400 shares of the technology company’s stock worth $1,835,000 after purchasing an additional 1,500 shares in the last quarter. Congress Asset Management Co. MA boosted its position in Zayo Group by 0.8% during the fourth quarter. Congress Asset Management Co. MA now owns 203,004 shares of the technology company’s stock worth $7,471,000 after purchasing an additional 1,605 shares in the last quarter. Finally, Aperio Group LLC boosted its position in Zayo Group by 5.8% during the fourth quarter. Aperio Group LLC now owns 29,806 shares of the technology company’s stock worth $1,097,000 after purchasing an additional 1,628 shares in the last quarter. Hedge funds and other institutional investors own 84.71% of the company’s stock.

In related news, Director Richard W. Connor sold 1,091 shares of Zayo Group stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $36.76, for a total value of $40,105.16. Following the sale, the director now directly owns 147,169 shares in the company, valued at $5,409,932.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Daniel Caruso sold 17,950 shares of Zayo Group stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $37.76, for a total value of $677,792.00. Following the completion of the sale, the chief executive officer now owns 4,274,654 shares in the company, valued at $161,410,935.04. The disclosure for this sale can be found here. In the last three months, insiders sold 4,992,882 shares of company stock worth $179,430,128. Corporate insiders own 5.20% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Zayo Group Holdings Inc (ZAYO) to Post Q3 2018 Earnings of $0.15 Per Share, William Blair Forecasts” was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this piece can be accessed at https://www.americanbankingnews.com/2018/02/12/zayo-group-holdings-inc-zayo-to-post-q3-2018-earnings-of-0-15-per-share-william-blair-forecasts.html.

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.

Earnings History and Estimates for Zayo Group (NYSE:ZAYO)

Receive News & Ratings for Zayo Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zayo Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply