Wall Street brokerages expect Dupont Fabros Technology, Inc. (NYSE:DFT) to announce earnings of $0.78 per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Dupont Fabros Technology’s earnings. The lowest EPS estimate is $0.73 and the highest is $0.80. Dupont Fabros Technology reported earnings per share of $0.37 during the same quarter last year, which would indicate a positive year-over-year growth rate of 110.8%. The company is expected to issue its next earnings results on Thursday, October 26th.
According to Zacks, analysts expect that Dupont Fabros Technology will report full-year earnings of $3.11 per share for the current year, with EPS estimates ranging from $3.05 to $3.22. For the next financial year, analysts forecast that the firm will report earnings of $3.45 per share, with EPS estimates ranging from $3.29 to $3.72. Zacks’ EPS averages are a mean average based on a survey of analysts that follow Dupont Fabros Technology.
Dupont Fabros Technology (NYSE:DFT) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.38 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.39). Dupont Fabros Technology had a net margin of 26.05% and a return on equity of 19.58%. The company had revenue of $140.70 million for the quarter, compared to analyst estimates of $141.48 million. During the same period last year, the company posted $0.64 earnings per share. The business’s revenue for the quarter was up 9.6% on a year-over-year basis.
A number of equities analysts have issued reports on DFT shares. ValuEngine upgraded Dupont Fabros Technology from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub upgraded Dupont Fabros Technology from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 25th. Stifel Nicolaus reiterated a “hold” rating and set a $64.00 price target on shares of Dupont Fabros Technology in a research note on Friday, July 21st. Barclays PLC lifted their price target on Dupont Fabros Technology from $55.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday, July 18th. Finally, TheStreet downgraded Dupont Fabros Technology from a “b” rating to a “c+” rating in a research note on Monday, July 31st. Eleven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $57.63.
Shares of Dupont Fabros Technology (NYSE:DFT) traded down 0.18% on Tuesday, reaching $67.88. The company had a trading volume of 1,942,427 shares. The stock has a 50-day moving average price of $63.12 and a 200-day moving average price of $56.44. Dupont Fabros Technology has a 12 month low of $37.54 and a 12 month high of $69.33. The stock has a market cap of $5.26 billion, a PE ratio of 41.34 and a beta of 0.68.
In related news, EVP Maria Kenny sold 149,910 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $61.49, for a total value of $9,217,965.90. Following the transaction, the executive vice president now owns 122,638 shares in the company, valued at $7,541,010.62. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Pont Lammot J. Du sold 296,185 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $61.48, for a total value of $18,209,453.80. Following the completion of the transaction, the chairman now owns 215,673 shares in the company, valued at approximately $13,259,576.04. The disclosure for this sale can be found here. Insiders sold a total of 801,397 shares of company stock worth $49,701,799 in the last 90 days. Company insiders own 5.60% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Penserra Capital Management LLC purchased a new position in Dupont Fabros Technology in the first quarter valued at approximately $102,000. Meeder Asset Management Inc. purchased a new position in Dupont Fabros Technology in the first quarter valued at approximately $109,000. Grove Bank & Trust lifted its stake in Dupont Fabros Technology by 36.6% in the second quarter. Grove Bank & Trust now owns 1,830 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 490 shares during the last quarter. Schroder Investment Management Group purchased a new position in Dupont Fabros Technology in the second quarter valued at approximately $115,000. Finally, C M Bidwell & Associates Ltd. lifted its stake in Dupont Fabros Technology by 142.1% in the second quarter. C M Bidwell & Associates Ltd. now owns 2,385 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 1,400 shares during the last quarter.
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Dupont Fabros Technology Company Profile
DuPont Fabros Technology, Inc (DFT) is a real estate investment trust (REIT). The Company owns, acquires, develops and operates wholesale data centers. The Company’s customers include national and international enterprises across various industries, such as technology, Internet, content providers, cloud providers, media, communications, healthcare and financial services.
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