Zayo Group Holdings Inc (NYSE:ZAYO) Director Mary Catherine Morris sold 13,772 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $32.76, for a total transaction of $451,170.72. Following the completion of the transaction, the director now owns 11,473 shares in the company, valued at $375,855.48. The sale was disclosed in a filing with the SEC, which is available through this link.
NYSE:ZAYO opened at $32.91 on Friday. The company’s 50 day moving average price is $32.76. The stock has a market capitalization of $7.75 billion, a PE ratio of 53.95, a price-to-earnings-growth ratio of 13.28 and a beta of 0.82. Zayo Group Holdings Inc has a 52 week low of $20.27 and a 52 week high of $39.66. The company has a debt-to-equity ratio of 4.84, a current ratio of 0.83 and a quick ratio of 0.83.
Zayo Group (NYSE:ZAYO) last posted its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). The company had revenue of $647.20 million during the quarter, compared to analysts’ expectations of $639.98 million. Zayo Group had a return on equity of 9.56% and a net margin of 5.06%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 EPS. On average, equities analysts anticipate that Zayo Group Holdings Inc will post 0.5 earnings per share for the current fiscal year.
ZAYO has been the topic of a number of recent research reports. ValuEngine upgraded shares of Zayo Group from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Craig Hallum downgraded shares of Zayo Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Moffett Nathanson downgraded shares of Zayo Group from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 8th. Wells Fargo & Co downgraded shares of Zayo Group from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $34.00 to $35.00 in a research note on Wednesday, May 8th. Finally, Royal Bank of Canada downgraded shares of Zayo Group from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from $33.00 to $35.00 in a research note on Wednesday, May 8th. Thirteen analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Zayo Group presently has an average rating of “Hold” and a consensus price target of $35.02.
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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