Zayo Group Holdings Inc (NYSE:ZAYO) – Stock analysts at SunTrust Banks decreased their Q3 2018 earnings per share estimates for Zayo Group in a research note issued on Thursday. SunTrust Banks analyst G. Miller now expects that the technology company will post earnings of $0.11 per share for the quarter, down from their prior estimate of $0.12. SunTrust Banks currently has a “Buy” rating and a $45.00 target price on the stock. SunTrust Banks also issued estimates for Zayo Group’s Q4 2018 earnings at $0.10 EPS, Q1 2019 earnings at $0.11 EPS, Q2 2019 earnings at $0.13 EPS, Q3 2019 earnings at $0.13 EPS, Q4 2019 earnings at $0.14 EPS and FY2019 earnings at $0.51 EPS.
Several other equities research analysts have also weighed in on ZAYO. UBS Group initiated coverage on Zayo Group in a research report on Tuesday, October 17th. They set a “buy” rating on the stock. Barclays raised their target price on Zayo Group from $36.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 18th. TheStreet upgraded Zayo Group from a “c” rating to a “b-” rating in a research note on Tuesday, October 17th. BidaskClub upgraded Zayo Group from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. Finally, Oppenheimer restated a “buy” rating and set a $42.00 price target on shares of Zayo Group in a research note on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. Zayo Group presently has a consensus rating of “Hold” and a consensus target price of $39.64.
Zayo Group (NYSE:ZAYO) last issued its earnings results on Monday, November 6th. The technology company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). Zayo Group had a return on equity of 10.37% and a net margin of 3.42%.
In other Zayo Group news, CEO Daniel Caruso sold 123,738 shares of Zayo Group stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $36.80, for a total value of $4,553,558.40. Following the transaction, the chief executive officer now directly owns 4,286,654 shares in the company, valued at approximately $157,748,867.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Andrew Crouch sold 19,537 shares of Zayo Group stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $36.14, for a total value of $706,067.18. Following the completion of the transaction, the chief operating officer now owns 76,647 shares in the company, valued at $2,770,022.58. The disclosure for this sale can be found here. Insiders have sold a total of 4,974,932 shares of company stock worth $178,752,336 in the last 90 days. 5.20% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the business. Thompson Davis & CO. Inc. grew its stake in shares of Zayo Group by 2,600.0% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 3,375 shares of the technology company’s stock valued at $116,000 after purchasing an additional 3,250 shares during the last quarter. Cerebellum GP LLC purchased a new position in shares of Zayo Group in the 4th quarter valued at approximately $126,000. SG Americas Securities LLC purchased a new position in shares of Zayo Group in the 4th quarter valued at approximately $141,000. Mutual of America Capital Management LLC purchased a new position in shares of Zayo Group in the 2nd quarter valued at approximately $142,000. Finally, Rehmann Capital Advisory Group purchased a new position in shares of Zayo Group in the 3rd quarter valued at approximately $212,000. Institutional investors own 84.71% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Q3 2018 Earnings Estimate for Zayo Group Holdings Inc Issued By SunTrust Banks (ZAYO)” was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://sportsperspectives.com/2018/02/09/q3-2018-earnings-estimate-for-zayo-group-holdings-inc-issued-by-suntrust-banks-zayo.html.
Zayo Group Company Profile
Zayo Group Holdings, Inc provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure to a range of businesses. The Company operates in five segments: Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other.
Receive News & Ratings for Zayo Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zayo Group and related companies with MarketBeat.com's FREE daily email newsletter.