Equities analysts forecast that CyrusOne (NASDAQ:CONE) will report sales of $199.71 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for CyrusOne’s earnings. The lowest sales estimate is $197.30 million and the highest is $203.33 million. CyrusOne reported sales of $166.90 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 19.7%. The firm is expected to report its next quarterly earnings results on Wednesday, August 1st.
On average, analysts expect that CyrusOne will report full-year sales of $820.09 million for the current fiscal year, with estimates ranging from $813.82 million to $827.20 million. For the next financial year, analysts anticipate that the company will post sales of $967.31 million per share, with estimates ranging from $929.10 million to $1.02 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for CyrusOne.
CyrusOne (NASDAQ:CONE) last posted its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.78). The business had revenue of $180.50 million for the quarter, compared to the consensus estimate of $182.48 million. CyrusOne had a negative return on equity of 0.60% and a negative net margin of 1.33%.
Several equities research analysts have commented on CONE shares. BidaskClub downgraded shares of CyrusOne from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 20th. Royal Bank of Canada reaffirmed a “buy” rating on shares of CyrusOne in a research note on Thursday, March 1st. Guggenheim set a $65.00 target price on shares of CyrusOne and gave the company a “buy” rating in a research note on Friday, February 23rd. Credit Suisse Group set a $73.00 target price on shares of CyrusOne and gave the company a “buy” rating in a research note on Wednesday, February 21st. Finally, Moffett Nathanson started coverage on shares of CyrusOne in a research note on Monday, April 9th. They issued a “hold” rating and a $58.00 target price for the company. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. CyrusOne has an average rating of “Buy” and an average price target of $67.25.
In other news, insider Kevin L. Timmons sold 11,465 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $49.39, for a total value of $566,256.35. Following the completion of the transaction, the insider now owns 177,843 shares in the company, valued at $8,783,665.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.64% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC acquired a new position in CyrusOne during the fourth quarter worth $127,000. Pitcairn Co. acquired a new position in CyrusOne during the fourth quarter worth $203,000. Buckley Wealth Management LLC acquired a new position in CyrusOne during the fourth quarter worth $207,000. CIBC World Markets Inc. acquired a new position in CyrusOne during the fourth quarter worth $248,000. Finally, LPL Financial LLC acquired a new position in CyrusOne during the fourth quarter worth $284,000. Institutional investors own 99.94% of the company’s stock.
NASDAQ:CONE traded up $0.11 during trading hours on Thursday, hitting $52.14. The stock had a trading volume of 523,778 shares, compared to its average volume of 981,826. CyrusOne has a one year low of $43.49 and a one year high of $65.73. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.07 and a current ratio of 2.07. The company has a market capitalization of $5.17 billion, a PE ratio of 16.71, a PEG ratio of 0.93 and a beta of 0.76.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Stockholders of record on Friday, June 29th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Thursday, June 28th. CyrusOne’s dividend payout ratio (DPR) is presently 58.97%.
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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