Dupont Fabros Technology, Inc. (NYSE:DFT) Expected to Announce Quarterly Sales of $147.30 Million
Wall Street brokerages forecast that Dupont Fabros Technology, Inc. (NYSE:DFT) will post sales of $147.30 million for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Dupont Fabros Technology’s earnings. The highest sales estimate is $149.84 million and the lowest is $145.70 million. Dupont Fabros Technology posted sales of $134.33 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.7%. The firm is scheduled to announce its next earnings results on Thursday, October 26th.
According to Zacks, analysts expect that Dupont Fabros Technology will report full year sales of $147.30 million for the current financial year, with estimates ranging from $575.30 million to $581.14 million. For the next fiscal year, analysts anticipate that the company will post sales of $658.03 million per share, with estimates ranging from $634.13 million to $677.70 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Dupont Fabros Technology.
Dupont Fabros Technology (NYSE:DFT) last announced its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by $0.39. Dupont Fabros Technology had a return on equity of 19.58% and a net margin of 26.05%. The company had revenue of $140.70 million for the quarter, compared to analyst estimates of $141.48 million. During the same period last year, the firm earned $0.64 earnings per share. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis.
A number of brokerages have recently commented on DFT. UBS AG cut Dupont Fabros Technology from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 22nd. BidaskClub cut Dupont Fabros Technology from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. TheStreet cut Dupont Fabros Technology from a “b” rating to a “c+” rating in a research note on Monday, July 31st. Royal Bank Of Canada lowered Dupont Fabros Technology from an “outperform” rating to a “sector perform” rating and set a $62.00 target price for the company. in a research report on Monday, July 31st. Finally, Barclays PLC raised their target price on Dupont Fabros Technology from $55.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 18th. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $57.63.
Shares of Dupont Fabros Technology (DFT) opened at 61.77 on Wednesday. The firm has a market capitalization of $4.79 billion, a PE ratio of 37.62 and a beta of 0.68. The company’s 50 day moving average price is $61.84 and its 200-day moving average price is $53.62. Dupont Fabros Technology has a 52 week low of $37.54 and a 52 week high of $66.18.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Monday, July 3rd were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend was Thursday, June 29th. Dupont Fabros Technology’s dividend payout ratio (DPR) is presently 121.95%.
In other news, Director Frederic V. Malek sold 30,000 shares of Dupont Fabros Technology stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $62.71, for a total value of $1,881,300.00. Following the completion of the transaction, the director now directly owns 112,375 shares of the company’s stock, valued at approximately $7,047,036.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Richard A. Montfort, Jr. sold 44,712 shares of Dupont Fabros Technology stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $62.60, for a total value of $2,798,971.20. Following the completion of the transaction, the general counsel now directly owns 62,548 shares of the company’s stock, valued at $3,915,504.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 776,397 shares of company stock valued at $48,101,649. Corporate insiders own 5.60% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Pacad Investment Ltd. acquired a new position in Dupont Fabros Technology during the second quarter valued at $422,000. AlphaMark Advisors LLC raised its position in Dupont Fabros Technology by 0.7% in the second quarter. AlphaMark Advisors LLC now owns 15,100 shares of the real estate investment trust’s stock valued at $924,000 after buying an additional 100 shares during the period. OMERS ADMINISTRATION Corp acquired a new position in Dupont Fabros Technology during the second quarter valued at $35,332,000. Renaissance Group LLC raised its position in Dupont Fabros Technology by 2.5% in the second quarter. Renaissance Group LLC now owns 7,311 shares of the real estate investment trust’s stock valued at $447,000 after buying an additional 178 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Dupont Fabros Technology by 10.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,417 shares of the real estate investment trust’s stock valued at $331,000 after buying an additional 502 shares during the period.
Dupont Fabros Technology Company Profile
DuPont Fabros Technology, Inc (DFT) is a real estate investment trust (REIT). The Company owns, acquires, develops and operates wholesale data centers. The Company’s customers include national and international enterprises across various industries, such as technology, Internet, content providers, cloud providers, media, communications, healthcare and financial services.
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