Wall Street analysts expect CyrusOne (NASDAQ:CONE) to report $186.76 million in sales for the current quarter, according to Zacks. Seven analysts have issued estimates for CyrusOne’s earnings. The highest sales estimate is $194.03 million and the lowest is $182.41 million. CyrusOne reported sales of $149.30 million in the same quarter last year, which indicates a positive year over year growth rate of 25.1%. The business is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, May 2nd.
According to Zacks, analysts expect that CyrusOne will report full year sales of $817.42 million for the current fiscal year, with estimates ranging from $815.00 million to $820.20 million. For the next fiscal year, analysts forecast that the firm will report sales of $957.05 million per share, with estimates ranging from $898.84 million to $1.02 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for CyrusOne.
CyrusOne (NASDAQ:CONE) last issued its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.78). The business had revenue of $180.50 million for the quarter, compared to analyst estimates of $182.48 million. CyrusOne had a negative net margin of 12.43% and a negative return on equity of 2.79%.
Shares of CONE traded up $1.24 during trading hours on Thursday, reaching $51.15. 974,751 shares of the company’s stock traded hands, compared to its average volume of 1,261,299. The firm has a market capitalization of $4,744.48, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 0.88 and a beta of 0.77. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.95 and a current ratio of 0.95. CyrusOne has a twelve month low of $43.49 and a twelve month high of $65.73.
The company also recently announced a quarterly dividend, which was paid on Friday, April 13th. Investors of record on Thursday, March 29th were issued a dividend of $0.46 per share. This is a positive change from CyrusOne’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date was Wednesday, March 28th. CyrusOne’s payout ratio is presently 58.97%.
In related news, insider Kevin L. Timmons sold 11,465 shares of CyrusOne stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $49.39, for a total transaction of $566,256.35. Following the transaction, the insider now directly owns 177,843 shares of the company’s stock, valued at $8,783,665.77. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.40% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Stifel Financial Corp increased its stake in CyrusOne by 7.5% in the 3rd quarter. Stifel Financial Corp now owns 52,245 shares of the real estate investment trust’s stock worth $3,077,000 after purchasing an additional 3,636 shares in the last quarter. Heitman Real Estate Securities LLC increased its stake in CyrusOne by 44.5% in the 4th quarter. Heitman Real Estate Securities LLC now owns 557,371 shares of the real estate investment trust’s stock worth $33,180,000 after purchasing an additional 171,762 shares in the last quarter. US Bancorp DE increased its stake in CyrusOne by 15.4% in the 4th quarter. US Bancorp DE now owns 27,486 shares of the real estate investment trust’s stock worth $1,638,000 after purchasing an additional 3,667 shares in the last quarter. Strs Ohio increased its stake in CyrusOne by 7.7% in the 4th quarter. Strs Ohio now owns 117,408 shares of the real estate investment trust’s stock worth $6,989,000 after purchasing an additional 8,367 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in CyrusOne by 7.5% in the 3rd quarter. California Public Employees Retirement System now owns 140,343 shares of the real estate investment trust’s stock worth $8,270,000 after purchasing an additional 9,843 shares in the last quarter. 98.86% of the stock is currently owned by hedge funds and other institutional investors.
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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 nearly 1,000 customers, including 197 Fortune 1000 companies.
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