Zacks: Analysts Anticipate Zayo Group Holdings Inc (ZAYO) Will Post Earnings of $0.15 Per Share

Equities research analysts predict that Zayo Group Holdings Inc (NYSE:ZAYO) will report earnings per share of $0.15 for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Zayo Group’s earnings, with the highest EPS estimate coming in at $0.21 and the lowest estimate coming in at $0.11. Zayo Group posted earnings of $0.09 per share during the same quarter last year, which would indicate a positive year over year growth rate of 66.7%. The business is scheduled to announce its next earnings report on Thursday, May 2nd.

On average, analysts expect that Zayo Group will report full-year earnings of $0.54 per share for the current financial year, with EPS estimates ranging from $0.42 to $0.71. For the next year, analysts forecast that the firm will post earnings of $0.64 per share, with EPS estimates ranging from $0.45 to $0.98. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Zayo Group.

Zayo Group (NYSE:ZAYO) last announced its earnings results on Thursday, February 7th. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02). Zayo Group had a return on equity of 7.82% and a net margin of 4.62%. The company had revenue of $639.10 million for the quarter, compared to the consensus estimate of $641.73 million. During the same period last year, the firm posted $0.05 EPS. The company’s revenue was down 2.1% compared to the same quarter last year.

Several equities research analysts have issued reports on ZAYO shares. Moffett Nathanson raised shares of Zayo Group from a “neutral” rating to a “buy” rating in a report on Monday, October 15th. TheStreet lowered shares of Zayo Group from a “b-” rating to a “c+” rating in a report on Tuesday, October 23rd. UBS Group lowered shares of Zayo Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $45.00 to $32.00 in a report on Thursday, November 8th. BTIG Research lowered shares of Zayo Group from a “buy” rating to a “neutral” rating in a report on Thursday, November 8th. Finally, Wells Fargo & Co lowered their target price on shares of Zayo Group from $42.00 to $34.00 and set an “outperform” rating on the stock in a report on Thursday, November 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $35.32.

In related news, insider Sandra Mays sold 4,454 shares of the company’s stock in a transaction dated Thursday, January 3rd. The shares were sold at an average price of $24.16, for a total transaction of $107,608.64. Following the transaction, the insider now owns 41,273 shares in the company, valued at approximately $997,155.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO John F. Jr. Waters sold 5,548 shares of the company’s stock in a transaction dated Thursday, January 3rd. The stock was sold at an average price of $24.16, for a total transaction of $134,039.68. Following the transaction, the chief technology officer now owns 87,309 shares in the company, valued at approximately $2,109,385.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,144 shares of company stock worth $390,039. 4.50% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Prudential Financial Inc. lifted its position in Zayo Group by 3.8% during the 4th quarter. Prudential Financial Inc. now owns 13,500 shares of the technology company’s stock worth $308,000 after buying an additional 500 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its position in Zayo Group by 2.8% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 33,912 shares of the technology company’s stock worth $775,000 after buying an additional 932 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in Zayo Group during the 4th quarter valued at about $29,000. Utah Retirement Systems lifted its position in Zayo Group by 3.5% during the 4th quarter. Utah Retirement Systems now owns 38,200 shares of the technology company’s stock valued at $872,000 after purchasing an additional 1,300 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD lifted its position in Zayo Group by 7.1% during the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 21,684 shares of the technology company’s stock valued at $495,000 after purchasing an additional 1,446 shares during the period. Institutional investors and hedge funds own 98.56% of the company’s stock.

ZAYO stock traded down $0.80 on Monday, reaching $25.51. 14,330,279 shares of the company were exchanged, compared to its average volume of 5,717,707. Zayo Group has a 12 month low of $20.27 and a 12 month high of $39.66. The firm has a market capitalization of $6.22 billion, a P/E ratio of 41.82, a price-to-earnings-growth ratio of 3.23 and a beta of 0.92. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 3.75.

Zayo Group Company Profile

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.

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

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