Analysts Expect Zayo Group Holdings (ZAYO) Will Announce Quarterly Sales of $655.63 Million

Wall Street brokerages forecast that Zayo Group Holdings (NYSE:ZAYO) will report $655.63 million in sales for the current quarter, Zacks reports. Eight analysts have provided estimates for Zayo Group’s earnings, with the lowest sales estimate coming in at $651.20 million and the highest estimate coming in at $668.24 million. Zayo Group reported sales of $550.20 million in the same quarter last year, which indicates a positive year-over-year growth rate of 19.2%. The business is expected to issue its next earnings report on Tuesday, May 8th.

According to Zacks, analysts expect that Zayo Group will report full year sales of $655.63 million for the current fiscal year, with estimates ranging from $2.61 billion to $2.66 billion. For the next year, analysts forecast that the firm will post sales of $2.72 billion per share, with estimates ranging from $2.69 billion to $2.75 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Zayo Group.

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Zayo Group (NYSE:ZAYO) last announced its earnings results on Wednesday, February 7th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.10. Zayo Group had a return on equity of 10.19% and a net margin of 3.42%. The company had revenue of $653.50 million for the quarter, compared to analyst estimates of $650.79 million.



ZAYO has been the topic of several recent analyst reports. SunTrust Banks reaffirmed a “buy” rating and set a $45.00 target price on shares of Zayo Group in a research report on Thursday, December 7th. Morgan Stanley raised Zayo Group from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $33.00 to $40.00 in a research report on Tuesday, December 12th. Citigroup reaffirmed a “buy” rating on shares of Zayo Group in a research report on Thursday, December 14th. Barclays reaffirmed a “buy” rating and set a $41.00 target price on shares of Zayo Group in a research report on Friday, January 19th. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Zayo Group in a research report on Friday, February 9th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Zayo Group presently has a consensus rating of “Buy” and an average target price of $41.70.

In other news, major shareholder Fund X/C Lp Gtcr sold 4,675,000 shares of the stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $37.05, for a total value of $173,208,750.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Daniel Caruso sold 17,723 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $36.39, for a total value of $644,939.97. Following the completion of the transaction, the chief executive officer now directly owns 4,383,535 shares in the company, valued at $159,516,838.65. The disclosure for this sale can be found here. Insiders sold 5,499,917 shares of company stock worth $203,229,028 over the last three months. Corporate insiders own 5.20% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of ZAYO. Cerebellum GP LLC purchased a new stake in shares of Zayo Group in the fourth quarter worth about $126,000. SG Americas Securities LLC purchased a new stake in shares of Zayo Group in the fourth quarter worth about $141,000. American International Group Inc. purchased a new stake in shares of Zayo Group in the fourth quarter worth about $162,000. Cadence Capital Management LLC purchased a new stake in shares of Zayo Group in the third quarter worth about $232,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Zayo Group in the third quarter worth about $235,000. Hedge funds and other institutional investors own 87.25% of the company’s stock.

NYSE:ZAYO traded up $0.65 during mid-day trading on Monday, hitting $34.81. 3,813,768 shares of the company’s stock traded hands, compared to its average volume of 2,019,101. Zayo Group has a twelve month low of $29.73 and a twelve month high of $37.95. The firm has a market capitalization of $8,473.87, a P/E ratio of 87.03, a P/E/G ratio of 17.91 and a beta of 0.53. The company has a debt-to-equity ratio of 3.73, a current ratio of 0.99 and a quick ratio of 0.99.

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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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