Zayo Group (NYSE:ZAYO) Issues Earnings Results

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.

A number of brokerages have recently issued reports on ZAYO. William Blair lowered Zayo Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 9th. ValuEngine downgraded Zayo Group from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Zacks Investment Research downgraded Zayo Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 16th. Cowen downgraded Zayo Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $37.00 to $35.00 in a research report on Wednesday, May 15th. Finally, SunTrust Banks cut Zayo Group from a “buy” rating to a “hold” rating in a report on Monday, May 20th. Thirteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $35.02.

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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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Earnings History for Zayo Group (NYSE:ZAYO)

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