$0.18 EPS Expected for Zayo Group Holdings Inc (ZAYO) This Quarter

Equities research analysts expect that Zayo Group Holdings Inc (NYSE:ZAYO) will post earnings per share (EPS) of $0.18 for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Zayo Group’s earnings, with estimates ranging from $0.09 to $0.28. Zayo Group reported earnings of $0.09 per share in the same quarter last year, which would suggest a positive year over year growth rate of 100%. The business is scheduled to announce its next earnings results on Thursday, May 2nd.

According to Zacks, analysts expect that Zayo Group will report full year earnings of $0.56 per share for the current year, with EPS estimates ranging from $0.40 to $0.76. For the next financial year, analysts expect that the firm will report earnings of $0.72 per share, with EPS estimates ranging from $0.41 to $1.16. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Zayo Group.

Zayo Group (NYSE:ZAYO) last released its quarterly earnings data 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). The firm had revenue of $639.10 million during the quarter, compared to the consensus estimate of $641.73 million. Zayo Group had a return on equity of 8.29% and a net margin of 4.62%. The business’s revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.05 EPS.

A number of equities research analysts recently weighed in on the company. ValuEngine upgraded Zayo Group from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Zacks Investment Research lowered Zayo Group from a “buy” rating to a “hold” rating in a report on Saturday, February 16th. Deutsche Bank increased their price objective on Zayo Group from $30.00 to $31.00 and gave the company a “buy” rating in a report on Monday, February 11th. Finally, Craig Hallum started coverage on Zayo Group in a report on Wednesday, January 23rd. They issued a “buy” rating and a $45.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $35.32.

In other Zayo Group news, CFO Matt Steinfort sold 6,142 shares of the stock in a transaction that occurred on Thursday, January 3rd. The stock was sold at an average price of $24.16, for a total transaction of $148,390.72. Following the transaction, the chief financial officer now owns 22,896 shares in the company, valued at $553,167.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO John F. Jr. Waters sold 5,548 shares of the stock in a transaction that occurred on Thursday, January 3rd. The stock was sold at an average price of $24.16, for a total value 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. Insiders have sold 16,144 shares of company stock worth $390,039 in the last quarter. 4.50% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the business. Levin Capital Strategies L.P. purchased a new position in shares of Zayo Group in the fourth quarter valued at approximately $13,460,000. Comerica Bank lifted its position in shares of Zayo Group by 426.2% in the fourth quarter. Comerica Bank now owns 52,200 shares of the technology company’s stock valued at $1,424,000 after acquiring an additional 42,280 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of Zayo Group by 6.1% in the third quarter. Macquarie Group Ltd. now owns 142,275 shares of the technology company’s stock valued at $4,940,000 after acquiring an additional 8,175 shares in the last quarter. Quinn Opportunity Partners LLC purchased a new position in shares of Zayo Group in the fourth quarter valued at approximately $1,660,000. Finally, Parnassus Investments CA increased its holdings in shares of Zayo Group by 59.1% in the fourth quarter. Parnassus Investments CA now owns 4,069,308 shares of the technology company’s stock valued at $92,943,000 after purchasing an additional 1,511,984 shares during the last quarter. Institutional investors own 97.34% of the company’s stock.

Shares of ZAYO stock opened at $28.35 on Thursday. Zayo Group has a twelve month low of $20.27 and a twelve month high of $39.66. The firm has a market capitalization of $6.68 billion, a price-to-earnings ratio of 46.48, a PEG ratio of 10.08 and a beta of 0.89. The company has a debt-to-equity ratio of 5.13, a current ratio of 0.85 and a quick ratio of 0.85.

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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