Analysts expect CyrusOne Inc (NASDAQ:CONE) to report earnings of $0.74 per share for the current quarter, according to Zacks. Seven analysts have issued estimates for CyrusOne’s earnings, with estimates ranging from $0.70 to $0.78. CyrusOne posted earnings per share of $0.67 in the same quarter last year, which suggests a positive year over year growth rate of 10.4%. The business is scheduled to issue its next earnings results on Monday, August 7th.
According to Zacks, analysts expect that CyrusOne will report full year earnings of $3.03 per share for the current year, with EPS estimates ranging from $2.96 to $3.15. For the next year, analysts expect that the business will post earnings of $3.46 per share, with EPS estimates ranging from $3.35 to $3.63. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for CyrusOne.
CyrusOne (NASDAQ:CONE) last announced its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.04. The firm had revenue of $149.30 million for the quarter, compared to the consensus estimate of $150.63 million. CyrusOne had a positive return on equity of 2.27% and a negative net margin of 2.87%.
CONE has been the subject of several analyst reports. TheStreet lowered shares of CyrusOne from a “b-” rating to a “c” rating in a research report on Wednesday, May 3rd. Jefferies Group LLC reiterated a “buy” rating and set a $55.00 target price on shares of CyrusOne in a report on Monday, February 27th. Stifel Nicolaus raised their price objective on shares of CyrusOne from $56.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, May 15th. Royal Bank of Canada restated a “buy” rating and issued a $59.00 price objective on shares of CyrusOne in a report on Wednesday, March 1st. Finally, Mitsubishi UFJ Financial Group started coverage on shares of CyrusOne in a report on Tuesday, April 25th. They issued a “neutral” rating and a $54.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $56.69.
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Shares of CyrusOne (NASDAQ CONE) traded up 0.59% on Friday, reaching $57.93. The company’s stock had a trading volume of 991,097 shares. CyrusOne has a 12 month low of $38.80 and a 12 month high of $59.35. The stock has a 50 day moving average of $55.82 and a 200-day moving average of $50.37. The firm’s market cap is $4.87 billion.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Wednesday, June 28th. CyrusOne’s dividend payout ratio (DPR) is -884.16%.
In other CyrusOne news, insider Gary J. Wojtaszek sold 80,000 shares of CyrusOne stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $57.79, for a total value of $4,623,200.00. Following the sale, the insider now directly owns 511,621 shares in the company, valued at approximately $29,566,577.59. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gary J. Wojtaszek sold 38,294 shares of CyrusOne stock in a transaction on Monday, June 5th. The shares were sold at an average price of $58.01, for a total transaction of $2,221,434.94. Following the completion of the sale, the chief executive officer now owns 511,621 shares in the company, valued at $29,679,134.21. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 138,673 shares of company stock worth $7,942,040. 1.64% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the company. Perigon Wealth Management LLC increased its stake in CyrusOne by 941.7% in the first quarter. Perigon Wealth Management LLC now owns 3,125 shares of the real estate investment trust’s stock worth $162,000 after buying an additional 2,825 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of CyrusOne by 8.5% in the first quarter. Public Employees Retirement System of Ohio now owns 34,220 shares of the real estate investment trust’s stock valued at $1,761,000 after buying an additional 2,669 shares during the last quarter. Teachers Retirement System of The State of Kentucky purchased a new position in shares of CyrusOne during the first quarter valued at approximately $834,000. Ranger Global Real Estate Advisors LLC purchased a new position in shares of CyrusOne during the first quarter valued at approximately $10,697,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of CyrusOne during the first quarter valued at approximately $7,659,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.
CyrusOne Inc is a real estate investment trust. The Company is an owner, operator and developer of enterprise-class, carrier-neutral, multi-tenant data center properties. The Company’s data centers are generally purpose-built facilities with redundant power and cooling. The CyrusOne National IX Platform (the National IX Platform) delivers interconnection across states and between metro-enabled sites within its footprint and beyond.
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