Q3 2018 Earnings Estimate for Zayo Group Holdings Inc Issued By SunTrust Banks (ZAYO)

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.

Shares of Zayo Group (NYSE:ZAYO) traded down $0.27 during midday trading on Friday, hitting $34.56. The stock had a trading volume of 564,606 shares, compared to its average volume of 1,638,965. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.81. Zayo Group has a 1-year low of $29.73 and a 1-year high of $37.95. The firm has a market cap of $8,590.00, a price-to-earnings ratio of 101.76, a PEG ratio of 14.78 and a beta of 0.47.

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.

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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.

Earnings History and Estimates for Zayo Group (NYSE:ZAYO)

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