Zayo Group (ZAYO) Scheduled to Post Quarterly Earnings on Wednesday

Zayo Group (NYSE:ZAYO) is scheduled to be announcing its earnings results after the market closes on Wednesday, August 21st. Analysts expect the company to announce earnings of $0.15 per share for the quarter.

NYSE:ZAYO opened at $33.82 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 4.84. The firm has a 50-day moving average of $33.46. The firm has a market capitalization of $7.94 billion, a P/E ratio of 55.44, a P/E/G ratio of 10.27 and a beta of 0.77. Zayo Group has a 52-week low of $20.27 and a 52-week high of $38.19.

In other news, Director Mary Catherine Morris sold 13,772 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $32.76, for a total transaction of $451,170.72. Following the completion of the sale, the director now owns 11,473 shares in the company, valued at $375,855.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Sandra Mays sold 3,395 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $33.05, for a total value of $112,204.75. Following the sale, the insider now owns 55,764 shares of the company’s stock, valued at approximately $1,843,000.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,437,607 shares of company stock worth $47,051,887. Company insiders own 4.50% of the company’s stock.

A number of analysts recently issued reports on ZAYO shares. William Blair downgraded Zayo Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 9th. Wells Fargo & Co downgraded Zayo Group from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $34.00 to $35.00 in a research report on Wednesday, May 8th. Cowen downgraded Zayo Group from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $37.00 to $35.00 in a research report on Wednesday, May 15th. Craig Hallum downgraded Zayo Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 8th. Finally, Raymond James downgraded Zayo Group from an “outperform” rating to a “market perform” rating and set a $32.74 price target on the stock. in a research report on Wednesday, May 22nd. Twelve equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Zayo Group presently has a consensus rating of “Hold” and an average target price of $35.02.

About Zayo Group

Zayo Group Holdings, Inc, through its subsidiaries, provides bandwidth infrastructure solutions for the communications industry in the United States, Canada, and Europe. The company operates in six segments: Fiber Solutions, Transport, Enterprise Networks, Zayo Colocation (zColo), Allstream, and Other.

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Earnings History for Zayo Group (NYSE:ZAYO)

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