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.
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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