Brokerages predict that Zayo Group Holdings, Inc. (NYSE:ZAYO) will report earnings of $0.13 per share for the current quarter, according to Zacks. Eight analysts have made estimates for Zayo Group Holdings’ earnings, with the highest EPS estimate coming in at $0.20 and the lowest estimate coming in at $0.10. Zayo Group Holdings posted earnings of $0.01 per share during the same quarter last year, which would suggest a positive year over year growth rate of 1,200%. The firm is expected to announce its next earnings results after the market closes on Monday, August 21st.

According to Zacks, analysts expect that Zayo Group Holdings will report full-year earnings of $0.40 per share for the current fiscal year, with EPS estimates ranging from $0.36 to $0.45. For the next fiscal year, analysts expect that the business will report earnings of $0.63 per share, with EPS estimates ranging from $0.40 to $0.79. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Zayo Group Holdings.

Zayo Group Holdings (NYSE:ZAYO) last announced its quarterly earnings results on Tuesday, May 9th. The technology company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. Zayo Group Holdings had a net margin of 1.53% and a return on equity of 5.47%. The company had revenue of $550.20 million for the quarter, compared to analysts’ expectations of $545.63 million. During the same quarter in the previous year, the business posted ($0.08) earnings per share. Zayo Group Holdings’s quarterly revenue was up 15.1% on a year-over-year basis.

A number of brokerages recently issued reports on ZAYO. Zacks Investment Research raised Zayo Group Holdings from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Wednesday, May 3rd. Raymond James Financial, Inc. restated a “market perform” rating on shares of Zayo Group Holdings in a report on Wednesday, May 10th. J P Morgan Chase & Co cut Zayo Group Holdings from an “overweight” rating to a “neutral” rating and raised their target price for the company from $35.00 to $36.00 in a report on Wednesday, May 10th. Citigroup Inc. raised their target price on Zayo Group Holdings from $38.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, April 25th. Finally, Cowen and Company restated an “outperform” rating on shares of Zayo Group Holdings in a report on Wednesday, April 19th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. Zayo Group Holdings presently has an average rating of “Hold” and a consensus target price of $37.85.

In other news, COO Andrew Crouch sold 18,236 shares of Zayo Group Holdings stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $30.18, for a total value of $550,362.48. Following the completion of the transaction, the chief operating officer now owns 29,386 shares in the company, valued at approximately $886,869.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Daniel Caruso sold 49,868 shares of Zayo Group Holdings stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $32.03, for a total value of $1,597,272.04. Following the completion of the transaction, the chief executive officer now owns 4,581,329 shares of the company’s stock, valued at approximately $146,739,967.87. The disclosure for this sale can be found here. Insiders sold a total of 637,306 shares of company stock valued at $20,270,946 in the last quarter. Company insiders own 5.80% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Shell Asset Management Co. boosted its position in shares of Zayo Group Holdings by 0.7% in the second quarter. Shell Asset Management Co. now owns 15,459 shares of the technology company’s stock valued at $478,000 after buying an additional 111 shares during the last quarter. Gilder Gagnon Howe & Co. LLC boosted its position in shares of Zayo Group Holdings by 1.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 7,434 shares of the technology company’s stock valued at $230,000 after buying an additional 122 shares during the last quarter. Gulf International Bank UK Ltd boosted its position in shares of Zayo Group Holdings by 0.4% in the first quarter. Gulf International Bank UK Ltd now owns 53,200 shares of the technology company’s stock valued at $1,750,000 after buying an additional 200 shares during the last quarter. Comerica Bank boosted its position in shares of Zayo Group Holdings by 3.7% in the first quarter. Comerica Bank now owns 6,702 shares of the technology company’s stock valued at $233,000 after buying an additional 238 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Zayo Group Holdings by 1.2% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 23,957 shares of the technology company’s stock valued at $740,000 after buying an additional 291 shares during the last quarter. Institutional investors and hedge funds own 74.40% of the company’s stock.

Shares of Zayo Group Holdings (NYSE ZAYO) traded up 0.49% during midday trading on Friday, reaching $32.86. 241,757 shares of the company traded hands. The stock has a 50 day moving average price of $31.50 and a 200 day moving average price of $32.20. The firm has a market capitalization of $8.08 billion, a PE ratio of 252.77 and a beta of 0.56. Zayo Group Holdings has a 1-year low of $27.74 and a 1-year high of $35.65.

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About Zayo Group Holdings

Zayo Group Holdings, Inc provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure to a range of businesses. The Company operates in five segments: Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other.

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