Brokerages Expect CyrusOne Inc (NASDAQ:CONE) to Post $0.81 EPS

Analysts forecast that CyrusOne Inc (NASDAQ:CONE) will announce $0.81 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Nine analysts have made estimates for CyrusOne’s earnings. The lowest EPS estimate is $0.76 and the highest is $0.85. CyrusOne also posted earnings of $0.81 per share in the same quarter last year. The company is expected to issue its next earnings report on Wednesday, August 7th.

On average, analysts expect that CyrusOne will report full-year earnings of $3.36 per share for the current fiscal year, with EPS estimates ranging from $3.25 to $3.43. For the next fiscal year, analysts expect that the company will post earnings of $3.73 per share, with EPS estimates ranging from $3.38 to $3.95. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for CyrusOne.

CyrusOne (NASDAQ:CONE) last announced its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.05. CyrusOne had a net margin of 5.54% and a return on equity of 2.15%. The company had revenue of $225.00 million for the quarter, compared to analysts’ expectations of $231.36 million. During the same quarter in the previous year, the company earned $0.85 earnings per share. CyrusOne’s quarterly revenue was up 14.4% on a year-over-year basis.

Several brokerages recently issued reports on CONE. ValuEngine upgraded shares of CyrusOne from a “hold” rating to a “buy” rating in a research report on Saturday, May 18th. BidaskClub cut shares of CyrusOne from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of CyrusOne from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research report on Wednesday, May 8th. Berenberg Bank upgraded shares of CyrusOne from a “hold” rating to a “buy” rating and boosted their price target for the company from $55.00 to $69.00 in a research report on Tuesday, May 7th. Finally, BMO Capital Markets reduced their price target on shares of CyrusOne to $60.00 and set an “outperform” rating on the stock in a research report on Friday, February 22nd. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. CyrusOne has a consensus rating of “Buy” and an average price target of $63.95.

Shares of NASDAQ CONE traded down $0.04 during midday trading on Wednesday, hitting $59.90. 528,024 shares of the company traded hands, compared to its average volume of 1,076,101. CyrusOne has a 12-month low of $48.94 and a 12-month high of $69.01. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.59 and a quick ratio of 1.59. The stock has a market capitalization of $6.82 billion, a P/E ratio of 18.10, a P/E/G ratio of 1.18 and a beta of 0.73.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date is Thursday, June 27th. CyrusOne’s dividend payout ratio (DPR) is presently 55.59%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Sageworth Trust Co purchased a new stake in CyrusOne in the first quarter worth about $26,000. Lenox Wealth Management Inc. bought a new position in shares of CyrusOne in the first quarter worth approximately $26,000. Pearl River Capital LLC bought a new position in shares of CyrusOne in the fourth quarter worth approximately $27,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of CyrusOne by 302.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 588 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 442 shares in the last quarter. Finally, Tortoise Index Solutions LLC bought a new position in shares of CyrusOne in the first quarter worth approximately $40,000. Institutional investors and hedge funds own 98.04% of the company’s stock.

CyrusOne Company Profile

CyrusOne (NASDAQ: CONE) is a high-growth real estate investment trust (REIT) specializing in highly reliable enterprise-class, carrier-neutral data center properties. The Company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for approximately 1,000 customers, including 212 Fortune 1000 companies.

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Earnings History and Estimates for CyrusOne (NASDAQ:CONE)

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