Brokerages expect CyrusOne (NASDAQ:CONE) to report earnings per share (EPS) of $0.75 for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for CyrusOne’s earnings. The lowest EPS estimate is $0.58 and the highest is $0.80. CyrusOne reported earnings per share of $0.72 in the same quarter last year, which indicates a positive year-over-year growth rate of 4.2%. The business is scheduled to report its next quarterly earnings results after the market closes on Wednesday, May 2nd.
On average, analysts expect that CyrusOne will report full-year earnings of $3.24 per share for the current financial year, with EPS estimates ranging from $3.19 to $3.29. For the next fiscal year, analysts expect that the company will report earnings of $3.76 per share, with EPS estimates ranging from $3.56 to $4.20. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for CyrusOne.
CyrusOne (NASDAQ:CONE) last issued its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.78). CyrusOne had a negative net margin of 12.43% and a negative return on equity of 2.79%. The business had revenue of $180.50 million during the quarter, compared to analysts’ expectations of $182.48 million.
Several research firms recently issued reports on CONE. BidaskClub downgraded shares of CyrusOne from a “hold” rating to a “sell” rating in a research note on Thursday, December 21st. Zacks Investment Research downgraded shares of CyrusOne from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Credit Suisse Group set a $73.00 price target on shares of CyrusOne and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Barclays reaffirmed a “buy” rating and set a $69.00 price target on shares of CyrusOne in a research note on Friday, January 19th. Finally, Guggenheim set a $65.00 price target on shares of CyrusOne and gave the stock a “buy” rating in a research note on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $66.00.
In other CyrusOne news, insider Kevin L. Timmons sold 11,465 shares of the firm’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $49.39, for a total transaction of $566,256.35. Following the completion of the transaction, the insider now directly owns 177,843 shares of the company’s stock, valued at approximately $8,783,665.77. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.64% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of CONE. New York State Common Retirement Fund boosted its holdings in shares of CyrusOne by 2.7% in the 3rd quarter. New York State Common Retirement Fund now owns 192,300 shares of the real estate investment trust’s stock valued at $11,332,000 after buying an additional 5,100 shares during the period. Legal & General Group Plc boosted its holdings in shares of CyrusOne by 22.0% in the 3rd quarter. Legal & General Group Plc now owns 75,037 shares of the real estate investment trust’s stock valued at $4,422,000 after buying an additional 13,519 shares during the period. Schroder Investment Management Group acquired a new position in shares of CyrusOne in the 3rd quarter valued at about $573,000. Wells Fargo & Company MN boosted its holdings in shares of CyrusOne by 108.3% in the 3rd quarter. Wells Fargo & Company MN now owns 475,305 shares of the real estate investment trust’s stock valued at $28,010,000 after buying an additional 247,103 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of CyrusOne by 26.2% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 410,856 shares of the real estate investment trust’s stock valued at $24,212,000 after buying an additional 85,361 shares during the period. 98.91% of the stock is owned by institutional investors and hedge funds.
Shares of CONE stock traded up $0.34 during mid-day trading on Tuesday, reaching $49.06. The company’s stock had a trading volume of 1,144,602 shares, compared to its average volume of 970,444. CyrusOne has a 12-month low of $43.49 and a 12-month high of $65.73. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.30. The company has a market cap of $4,711.60, a PE ratio of 15.72, a P/E/G ratio of 0.87 and a beta of 0.77.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Shareholders of record on Thursday, March 29th were issued a dividend of $0.46 per share. This is a positive change from CyrusOne’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend was Wednesday, March 28th. CyrusOne’s dividend payout ratio (DPR) is currently 58.97%.
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CyrusOne (NASDAQ: CONE) is a high-growth real estate investment trust (REIT) specializing in highly reliable enterprise-class, carrier-neutral data center properties. The Company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for nearly 1,000 customers, including 197 Fortune 1000 companies.
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