Brokerages expect CyrusOne Inc (NASDAQ:CONE) to post sales of $221.47 million for the current quarter, Zacks reports. Ten analysts have made estimates for CyrusOne’s earnings, with the highest sales estimate coming in at $231.52 million and the lowest estimate coming in at $208.47 million. CyrusOne reported sales of $180.50 million in the same quarter last year, which indicates a positive year-over-year growth rate of 22.7%. The business is expected to announce its next quarterly earnings results on Wednesday, February 20th.
According to Zacks, analysts expect that CyrusOne will report full year sales of $823.15 million for the current financial year, with estimates ranging from $819.10 million to $831.62 million. For the next year, analysts anticipate that the firm will post sales of $978.31 million, with estimates ranging from $887.35 million to $1.01 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow CyrusOne.
CyrusOne (NASDAQ:CONE) last announced its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported ($0.43) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($1.23). CyrusOne had a net margin of 14.07% and a return on equity of 5.68%. The business had revenue of $206.60 million during the quarter, compared to analysts’ expectations of $209.33 million. During the same period last year, the company posted $0.79 EPS. CyrusOne’s revenue for the quarter was up 17.9% on a year-over-year basis.
CONE has been the subject of a number of research reports. BidaskClub cut shares of CyrusOne from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 27th. Wells Fargo & Co set a $66.00 price target on shares of CyrusOne and gave the company a “buy” rating in a report on Thursday, October 18th. Zacks Investment Research lowered shares of CyrusOne from a “hold” rating to a “strong sell” rating in a report on Monday, October 8th. Stifel Nicolaus set a $70.00 price target on shares of CyrusOne and gave the company a “buy” rating in a report on Thursday, November 1st. Finally, ValuEngine upgraded shares of CyrusOne from a “hold” rating to a “buy” rating in a report on Friday, September 14th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $67.43.
A number of hedge funds and other institutional investors have recently modified their holdings of CONE. Cornerstone Wealth Management LLC bought a new position in CyrusOne in the 2nd quarter worth $253,000. BNP Paribas Arbitrage SA raised its holdings in CyrusOne by 119.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 29,918 shares of the real estate investment trust’s stock worth $1,746,000 after purchasing an additional 16,299 shares in the last quarter. Aperio Group LLC raised its holdings in CyrusOne by 7.5% in the 2nd quarter. Aperio Group LLC now owns 72,351 shares of the real estate investment trust’s stock worth $4,222,000 after purchasing an additional 5,056 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in CyrusOne by 9.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 181,706 shares of the real estate investment trust’s stock worth $10,604,000 after purchasing an additional 15,833 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in CyrusOne by 7.5% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 100,684 shares of the real estate investment trust’s stock worth $5,876,000 after purchasing an additional 7,033 shares in the last quarter.
Shares of CyrusOne stock opened at $57.43 on Wednesday. CyrusOne has a 52-week low of $43.49 and a 52-week high of $69.01. The firm has a market capitalization of $6.17 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 1.17 and a beta of 1.05. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.64 and a quick ratio of 0.64.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 11th. Shareholders of record on Wednesday, January 2nd will be issued a $0.46 dividend. The ex-dividend date of this dividend is Monday, December 31st. This represents a $1.84 annualized dividend and a yield of 3.20%. CyrusOne’s dividend payout ratio (DPR) is presently 58.97%.
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 200 Fortune 1000 companies.
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