Zayo Group (NYSE:ZAYO) issued its earnings results on Wednesday, May 8th. The technology company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.02), Briefing.com reports. Zayo Group had a return on equity of 9.56% and a net margin of 5.06%. The firm had revenue of $647.20 million during the quarter, compared to analysts’ expectations of $639.98 million. During the same period last year, the business posted $0.09 earnings per share. The company’s quarterly revenue was down .3% compared to the same quarter last year.
NYSE ZAYO opened at $32.70 on Friday. The company has a debt-to-equity ratio of 4.84, a quick ratio of 0.83 and a current ratio of 0.83. Zayo Group has a twelve month low of $20.27 and a twelve month high of $39.66. The company has a market cap of $7.66 billion, a price-to-earnings ratio of 53.61, a PEG ratio of 13.12 and a beta of 0.93.
In other Zayo Group news, insider Sandra Mays sold 2,745 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $28.04, for a total transaction of $76,969.80. Following the completion of the transaction, the insider now owns 47,395 shares of the company’s stock, valued at approximately $1,328,955.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO John F. Jr. Waters sold 6,296 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $28.04, for a total transaction of $176,539.84. Following the transaction, the chief operating officer now directly owns 102,241 shares of the company’s stock, valued at approximately $2,866,837.64. The disclosure for this sale can be found here. Insiders own 4.50% of the company’s stock.
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About Zayo Group
Zayo Group Holdings, Inc, through its subsidiaries, provides bandwidth infrastructure solutions for the communications industry in the United States, Canada, and Europe. The company operates in six segments: Fiber Solutions, Transport, Enterprise Networks, Zayo Colocation (zColo), Allstream, and Other.
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