Zayo Group (ZAYO) Set to Announce Quarterly Earnings on Wednesday

Zayo Group (NYSE:ZAYO) is set to announce its earnings results after the market closes on Wednesday, August 21st. Analysts expect the company to announce earnings of $0.15 per share for the quarter.

Shares of Zayo Group stock opened at $33.83 on Tuesday. The business’s 50 day simple moving average is $33.56 and its 200 day simple moving average is $30.84. Zayo Group has a 52-week low of $20.27 and a 52-week high of $38.19. The firm has a market cap of $7.96 billion, a PE ratio of 55.46, a P/E/G ratio of 10.29 and a beta of 0.77. The company has a debt-to-equity ratio of 4.84, a quick ratio of 0.83 and a current ratio of 0.83.

In other Zayo Group news, insider Sandra Mays sold 3,395 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $33.05, for a total transaction of $112,204.75. Following the transaction, the insider now owns 55,764 shares of the company’s stock, valued at approximately $1,843,000.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John F. Jr. Waters sold 15,331 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $33.05, for a total value of $506,689.55. Following the transaction, the chief operating officer now directly owns 119,096 shares in the company, valued at approximately $3,936,122.80. The disclosure for this sale can be found here. Insiders have sold a total of 1,437,607 shares of company stock worth $47,051,887 in the last ninety days. Insiders own 4.50% of the company’s stock.

A number of equities research analysts recently issued reports on ZAYO shares. Royal Bank of Canada lowered Zayo Group from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from $33.00 to $35.00 in a research report on Wednesday, May 8th. Moffett Nathanson lowered Zayo Group from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 8th. UBS Group lifted their target price on Zayo Group from $30.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, May 9th. Raymond James lowered Zayo Group from an “outperform” rating to a “market perform” rating and set a $32.74 target price on the stock. in a research report on Wednesday, May 22nd. Finally, Citigroup lowered Zayo Group from a “buy” rating to a “neutral” rating and dropped their target price for the company from $38.00 to $35.00 in a research report on Thursday, May 16th. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Zayo Group has an average rating of “Hold” and a consensus price target of $35.02.

Zayo Group Company Profile

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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