Zayo Group (ZAYO) Set to Announce Quarterly Earnings on Wednesday

Zayo Group (NYSE:ZAYO) is set to announce its earnings results after the market closes on Wednesday, November 7th. Analysts expect the company to announce earnings of $0.12 per share for the quarter.

Zayo Group (NYSE:ZAYO) last issued its earnings results on Wednesday, August 22nd. The technology company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.09. The business had revenue of $657.60 million during the quarter, compared to analyst estimates of $655.78 million. Zayo Group had a return on equity of 9.97% and a net margin of 3.91%. Zayo Group’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.09 earnings per share. On average, analysts expect Zayo Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of ZAYO opened at $29.62 on Wednesday. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 48.59, a PEG ratio of 11.16 and a beta of 0.43. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.90. Zayo Group has a 1 year low of $29.33 and a 1 year high of $39.66.

Several analysts have issued reports on the company. Moffett Nathanson raised Zayo Group from a “neutral” rating to a “buy” rating in a research note on Monday, October 15th. ValuEngine lowered Zayo Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 23rd. Zacks Investment Research lowered Zayo Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 16th. TheStreet raised Zayo Group from a “c+” rating to a “b-” rating in a research note on Friday, August 24th. Finally, William Blair reaffirmed an “outperform” rating on shares of Zayo Group in a research note on Thursday, August 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have issued a buy rating to the company’s stock. Zayo Group has a consensus rating of “Buy” and an average target price of $43.22.

In other news, CEO Daniel Caruso sold 265,866 shares of the stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $37.61, for a total transaction of $9,999,220.26. Following the completion of the sale, the chief executive officer now owns 471,851 shares of the company’s stock, valued at $17,746,316.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Matt Steinfort sold 2,430 shares of the stock in a transaction that occurred on Thursday, October 4th. The shares were sold at an average price of $34.14, for a total value of $82,960.20. Following the sale, the chief financial officer now directly owns 17,250 shares of the company’s stock, valued at approximately $588,915. The disclosure for this sale can be found here. In the last three months, insiders have sold 272,171 shares of company stock valued at $10,214,201. Insiders own 4.50% of the company’s stock.

About Zayo Group

Zayo Group Holdings, Inc, through its subsidiaries, provides bandwidth infrastructure solutions for the communications industry in the United States, Canada, and Europe. The company operates in six segments: Fiber Solutions, Transport, Enterprise Networks, Zayo Colocation (zColo), Allstream, and Other.

Featured Story: How to use beta for portfolio diversification

Earnings History for Zayo Group (NYSE:ZAYO)

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.

Leave a Reply