Wall Street brokerages predict that CyrusOne Inc (NASDAQ:CONE) will post $248.31 million in sales for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for CyrusOne’s earnings. The lowest sales estimate is $243.80 million and the highest is $253.80 million. CyrusOne posted sales of $206.60 million in the same quarter last year, which would indicate a positive year over year growth rate of 20.2%. The company is scheduled to issue its next quarterly earnings report on Tuesday, October 29th.
According to Zacks, analysts expect that CyrusOne will report full-year sales of $980.01 million for the current financial year, with estimates ranging from $968.50 million to $990.27 million. For the next fiscal year, analysts anticipate that the firm will post sales of $1.11 billion, with estimates ranging from $1.09 billion to $1.13 billion. Zacks’ sales averages are an average based on a survey of analysts that follow CyrusOne.
CyrusOne (NASDAQ:CONE) last issued its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.09. The business had revenue of $251.50 million during the quarter, compared to analyst estimates of $238.01 million. CyrusOne had a negative return on equity of 2.45% and a negative net margin of 7.44%. CyrusOne’s revenue was up 27.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.81 earnings per share.
Large investors have recently made changes to their positions in the business. Lenox Wealth Management Inc. bought a new stake in CyrusOne in the first quarter valued at $26,000. Cullen Frost Bankers Inc. grew its position in CyrusOne by 190.8% in the second quarter. Cullen Frost Bankers Inc. now owns 538 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 353 shares during the period. Tortoise Index Solutions LLC bought a new stake in CyrusOne in the first quarter valued at $40,000. Nvwm LLC grew its position in CyrusOne by 69.6% in the first quarter. Nvwm LLC now owns 916 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 376 shares during the period. Finally, Truvestments Capital LLC bought a new stake in CyrusOne in the first quarter valued at $49,000. Hedge funds and other institutional investors own 98.04% of the company’s stock.
Shares of NASDAQ CONE traded up $5.28 during trading hours on Wednesday, reaching $69.99. The stock had a trading volume of 6,119,500 shares, compared to its average volume of 1,052,266. The business’s fifty day moving average is $60.26 and its two-hundred day moving average is $57.38. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.58 and a quick ratio of 1.58. The company has a market cap of $7.23 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 1.19 and a beta of 0.65. CyrusOne has a twelve month low of $48.94 and a twelve month high of $75.48.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.86%. This is a boost from CyrusOne’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Thursday, September 26th. CyrusOne’s dividend payout ratio is 55.59%.
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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