Equities research analysts forecast that CyrusOne Inc (NASDAQ:CONE) will announce earnings of $0.92 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for CyrusOne’s earnings. The highest EPS estimate is $0.94 and the lowest is $0.88. CyrusOne reported earnings of $0.86 per share during the same quarter last year, which suggests a positive year over year growth rate of 7%. The business is scheduled to announce its next quarterly earnings report on Wednesday, February 19th.

On average, analysts expect that CyrusOne will report full year earnings of $3.57 per share for the current fiscal year, with EPS estimates ranging from $3.52 to $3.60. For the next financial year, analysts anticipate that the firm will report earnings of $3.91 per share, with EPS estimates ranging from $3.78 to $4.08. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow CyrusOne.

CyrusOne (NASDAQ:CONE) last announced its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.75). The firm had revenue of $250.90 million for the quarter, compared to analyst estimates of $247.81 million. CyrusOne had a negative return on equity of 0.08% and a negative net margin of 1.30%. CyrusOne’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.79 EPS.

Several research firms recently issued reports on CONE. Wells Fargo & Co dropped their target price on CyrusOne from $85.00 to $78.00 in a report on Friday, November 1st. Zacks Investment Research lowered CyrusOne from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. SunTrust Banks set a $78.00 target price on CyrusOne and gave the stock a “buy” rating in a report on Friday, November 1st. Raymond James reiterated a “buy” rating and set a $82.00 target price (up previously from $72.00) on shares of CyrusOne in a report on Friday, November 1st. Finally, Cowen lowered CyrusOne from an “outperform” rating to a “market perform” rating in a report on Friday, October 4th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $72.81.

CONE traded up $0.09 on Monday, hitting $64.39. 43,128 shares of the company were exchanged, compared to its average volume of 1,281,730. CyrusOne has a 12 month low of $48.94 and a 12 month high of $79.73. The company has a market cap of $7.40 billion, a PE ratio of 19.45, a PEG ratio of 1.21 and a beta of 0.49. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.26 and a current ratio of 1.26. The stock’s fifty day moving average is $74.28 and its 200-day moving average is $66.01.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, January 2nd will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.00 annualized dividend and a yield of 3.11%. CyrusOne’s dividend payout ratio is 60.42%.

In other news, EVP Kevin L. Timmons sold 24,000 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $70.53, for a total transaction of $1,692,720.00. Following the transaction, the executive vice president now owns 101,583 shares in the company, valued at $7,164,648.99. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Mark Skomal sold 1,083 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $68.47, for a total value of $74,153.01. Following the transaction, the chief accounting officer now owns 5,515 shares in the company, valued at approximately $377,612.05. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in CONE. Nuveen Asset Management LLC increased its stake in shares of CyrusOne by 617.5% during the second quarter. Nuveen Asset Management LLC now owns 5,051,779 shares of the real estate investment trust’s stock worth $291,589,000 after purchasing an additional 4,347,725 shares during the period. Cohen & Steers Inc. boosted its holdings in shares of CyrusOne by 20.6% in the 2nd quarter. Cohen & Steers Inc. now owns 14,063,823 shares of the real estate investment trust’s stock valued at $811,764,000 after purchasing an additional 2,398,840 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of CyrusOne by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 16,216,705 shares of the real estate investment trust’s stock valued at $936,029,000 after purchasing an additional 482,530 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new stake in shares of CyrusOne in the 2nd quarter valued at $27,012,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of CyrusOne by 22.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,330,115 shares of the real estate investment trust’s stock valued at $104,648,000 after purchasing an additional 240,681 shares in the last quarter.

About CyrusOne

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 212 Fortune 1000 companies.

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