Analysts expect Dupont Fabros Technology, Inc. (NYSE:DFT) to report earnings per share (EPS) of $0.77 for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Dupont Fabros Technology’s earnings. The lowest EPS estimate is $0.75 and the highest is $0.79. Dupont Fabros Technology posted earnings of $0.64 per share in the same quarter last year, which indicates a positive year over year growth rate of 20.3%. The firm is scheduled to announce its next quarterly earnings results on Thursday, July 27th.
According to Zacks, analysts expect that Dupont Fabros Technology will report full year earnings of $3.08 per share for the current fiscal year, with EPS estimates ranging from $3.03 to $3.15. For the next year, analysts expect that the business will post earnings of $3.39 per share, with EPS estimates ranging from $3.22 to $3.54. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Dupont Fabros Technology.
Dupont Fabros Technology (NYSE:DFT) last issued its earnings results on Thursday, April 27th. The real estate investment trust reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by $0.31. Dupont Fabros Technology had a net margin of 30.25% and a return on equity of 22.94%. The firm had revenue of $139.48 million during the quarter, compared to analyst estimates of $139.24 million. During the same quarter in the prior year, the firm posted $0.67 EPS. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis.
Several research firms have recently issued reports on DFT. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Dupont Fabros Technology in a report on Thursday. Macquarie lowered Dupont Fabros Technology from an “outperform” rating to a “neutral” rating and set a $58.00 price objective on the stock. in a research note on Tuesday, June 13th. Compass Point reaffirmed a “neutral” rating and issued a $62.00 price objective (up from $57.50) on shares of Dupont Fabros Technology in a research note on Monday, June 12th. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Dupont Fabros Technology in a research note on Monday, June 12th. Finally, Robert W. Baird lowered Dupont Fabros Technology from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $53.00 to $63.00 in a research note on Monday, June 12th. Eleven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $55.65.
Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Dupont Fabros Technology by 3,277.7% in the first quarter. BlackRock Inc. now owns 6,689,865 shares of the real estate investment trust’s stock valued at $331,749,000 after buying an additional 6,491,806 shares in the last quarter. PGGM Investments purchased a new position in Dupont Fabros Technology during the first quarter valued at approximately $62,483,000. OppenheimerFunds Inc. increased its position in Dupont Fabros Technology by 159.4% in the first quarter. OppenheimerFunds Inc. now owns 1,397,446 shares of the real estate investment trust’s stock valued at $69,300,000 after buying an additional 858,755 shares in the last quarter. Capital Growth Management LP increased its position in Dupont Fabros Technology by 633.3% in the first quarter. Capital Growth Management LP now owns 880,000 shares of the real estate investment trust’s stock valued at $43,639,000 after buying an additional 760,000 shares in the last quarter. Finally, Norges Bank purchased a new position in Dupont Fabros Technology during the fourth quarter valued at approximately $32,024,000.
Shares of Dupont Fabros Technology (NYSE:DFT) traded down 0.73% during midday trading on Wednesday, hitting $65.21. 6,839,404 shares of the stock traded hands. The stock has a 50 day moving average of $55.29 and a 200 day moving average of $49.74. The company has a market capitalization of $5.05 billion, a P/E ratio of 37.18 and a beta of 0.74. Dupont Fabros Technology has a 1-year low of $37.54 and a 1-year high of $66.18.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Monday, July 3rd will be given a $0.50 dividend. The ex-dividend date is Thursday, June 29th. This represents a $2.00 annualized dividend and a yield of 3.07%. Dupont Fabros Technology’s dividend payout ratio is presently 113.64%.
About Dupont Fabros Technology
DuPont Fabros Technology, Inc (DFT) is a real estate investment trust (REIT). The Company owns, acquires, develops and operates wholesale data centers. The Company’s customers include national and international enterprises across various industries, such as technology, Internet, content providers, cloud providers, media, communications, healthcare and financial services.
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