Wall Street analysts predict that CyrusOne Inc (NASDAQ:CONE) will report $248.04 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for CyrusOne’s earnings, with the highest sales estimate coming in at $249.70 million and the lowest estimate coming in at $246.30 million. CyrusOne reported sales of $221.30 million in the same quarter last year, which indicates a positive year-over-year growth rate of 12.1%. The business is expected to report its next quarterly earnings report on Wednesday, February 19th.
According to Zacks, analysts expect that CyrusOne will report full-year sales of $976.91 million for the current fiscal year, with estimates ranging from $973.71 million to $985.74 million. For the next year, analysts forecast that the company will report sales of $1.09 billion, with estimates ranging from $1.08 billion to $1.11 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for CyrusOne.
CyrusOne (NASDAQ:CONE) last released its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.75). CyrusOne had a negative net margin of 1.30% and a negative return on equity of 0.08%. The firm had revenue of $250.90 million during the quarter, compared to the consensus estimate of $247.81 million. During the same quarter last year, the firm earned $0.79 earnings per share. The business’s revenue for the quarter was up 21.4% compared to the same quarter last year.
CONE opened at $64.05 on Friday. CyrusOne has a fifty-two week low of $48.94 and a fifty-two week high of $79.73. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market capitalization of $7.25 billion, a P/E ratio of 19.35, a P/E/G ratio of 1.16 and a beta of 0.44. The stock has a fifty day moving average of $68.03 and a 200-day moving average of $66.49.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, January 2nd will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.12%. CyrusOne’s dividend payout ratio (DPR) is 60.42%.
In related news, CAO Mark Skomal sold 1,083 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $68.47, for a total value of $74,153.01. Following the sale, the chief accounting officer now directly owns 5,515 shares of the company’s stock, valued at $377,612.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kevin L. Timmons sold 24,000 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $70.53, for a total value of $1,692,720.00. Following the completion of the sale, the executive vice president now directly owns 101,583 shares in the company, valued at $7,164,648.99. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Prudential Financial Inc. grew its holdings in shares of CyrusOne by 7.9% during the 2nd quarter. Prudential Financial Inc. now owns 71,254 shares of the real estate investment trust’s stock valued at $4,113,000 after purchasing an additional 5,210 shares during the last quarter. Walleye Trading LLC increased its position in CyrusOne by 17.6% during the 2nd quarter. Walleye Trading LLC now owns 8,694 shares of the real estate investment trust’s stock worth $502,000 after purchasing an additional 1,299 shares in the last quarter. BB&T Corp bought a new position in CyrusOne in the 3rd quarter valued at approximately $275,000. CIBC Asset Management Inc bought a new position in CyrusOne in the 2nd quarter valued at approximately $202,000. Finally, Fisher Asset Management LLC boosted its position in CyrusOne by 0.8% in the second quarter. Fisher Asset Management LLC now owns 548,554 shares of the real estate investment trust’s stock valued at $31,663,000 after buying an additional 4,342 shares in the last quarter. 99.89% of the stock is owned by hedge funds and other institutional investors.
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 approximately 1,000 customers, including 212 Fortune 1000 companies.
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