Brokerages expect Zayo Group Holdings Inc (NYSE:ZAYO) to post earnings of $0.17 per share for the current quarter, Zacks reports. Eight analysts have provided estimates for Zayo Group’s earnings. The highest EPS estimate is $0.26 and the lowest is $0.10. Zayo Group reported earnings per share of $0.18 in the same quarter last year, which indicates a negative year over year growth rate of 5.6%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, August 28th.

On average, analysts expect that Zayo Group will report full year earnings of $0.57 per share for the current financial year, with EPS estimates ranging from $0.40 to $0.76. For the next fiscal year, analysts forecast that the business will post earnings of $0.74 per share, with EPS estimates ranging from $0.41 to $1.16. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Zayo Group.

Zayo Group (NYSE:ZAYO) last posted its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.02). The company had revenue of $647.20 million during the quarter, compared to the consensus estimate of $639.98 million. Zayo Group had a return on equity of 9.29% and a net margin of 5.06%. The firm’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the company posted $0.09 earnings per share.

Several research analysts recently weighed in on the stock. UBS Group upped their price objective on shares of Zayo Group from $30.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday. William Blair cut shares of Zayo Group from an “outperform” rating to a “market perform” rating in a research report on Thursday. Zacks Investment Research cut shares of Zayo Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 16th. Moffett Nathanson cut shares of Zayo Group from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 8th. Finally, Royal Bank of Canada cut shares of Zayo Group from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $33.00 to $35.00 in a research report on Wednesday, May 8th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $35.62.

In other news, COO John F. Jr. Waters sold 6,296 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $28.04, for a total value of $176,539.84. Following the transaction, the chief operating officer now owns 102,241 shares in the company, valued at $2,866,837.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sandra Mays sold 2,745 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $28.04, for a total transaction of $76,969.80. Following the completion of the transaction, the insider now owns 47,395 shares in the company, valued at approximately $1,328,955.80. The disclosure for this sale can be found here. 4.50% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of ZAYO. Bank of Montreal Can grew its holdings in shares of Zayo Group by 41,389.3% in the fourth quarter. Bank of Montreal Can now owns 4,053,917 shares of the technology company’s stock worth $92,591,000 after purchasing an additional 4,044,146 shares during the last quarter. Morgan Stanley lifted its stake in Zayo Group by 149.3% in the third quarter. Morgan Stanley now owns 4,579,809 shares of the technology company’s stock worth $159,012,000 after acquiring an additional 2,742,559 shares during the period. Norges Bank purchased a new stake in Zayo Group in the fourth quarter worth $36,183,000. Parnassus Investments CA lifted its stake in Zayo Group by 59.1% in the fourth quarter. Parnassus Investments CA now owns 4,069,308 shares of the technology company’s stock worth $92,943,000 after acquiring an additional 1,511,984 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in Zayo Group by 1,446.3% in the first quarter. Assenagon Asset Management S.A. now owns 1,378,002 shares of the technology company’s stock worth $39,163,000 after acquiring an additional 1,288,884 shares during the period. Hedge funds and other institutional investors own 95.51% of the company’s stock.

Shares of ZAYO stock traded up $0.09 during trading on Monday, hitting $32.92. The company had a trading volume of 6,485,317 shares, compared to its average volume of 6,235,426. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 5.13. The stock has a market cap of $7.70 billion, a price-to-earnings ratio of 53.97, a price-to-earnings-growth ratio of 11.62 and a beta of 0.93. Zayo Group has a 52 week low of $20.27 and a 52 week high of $39.66.

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.

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

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