CyrusOne Inc (CONE) Expected to Post FY2020 Earnings of $3.49 Per Share

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CyrusOne Inc (NASDAQ:CONE) – Equities research analysts at KeyCorp issued their FY2020 earnings per share (EPS) estimates for shares of CyrusOne in a research note issued to investors on Thursday, April 11th. KeyCorp analyst J. Sadler anticipates that the real estate investment trust will post earnings of $3.49 per share for the year.

CyrusOne (NASDAQ:CONE) last issued its quarterly earnings results on Wednesday, February 20th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.04. CyrusOne had a net margin of 0.15% and a return on equity of 0.06%. The company had revenue of $221.30 million for the quarter, compared to analyst estimates of $223.80 million. During the same period in the prior year, the firm earned $0.84 earnings per share. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year.

Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research cut CyrusOne from a “hold” rating to a “strong sell” rating in a research note on Monday, February 11th. BMO Capital Markets cut their price objective on CyrusOne to $60.00 and set an “outperform” rating for the company in a research report on Friday, February 22nd. Bank of America upgraded CyrusOne from a “neutral” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Friday. Credit Suisse Group lowered CyrusOne from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $68.00 to $52.00 in a report on Monday, February 25th. Finally, Royal Bank of Canada decreased their price objective on CyrusOne to $60.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $62.55.

Shares of CyrusOne stock opened at $57.49 on Monday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.54 and a quick ratio of 0.54. The stock has a market cap of $6.30 billion, a PE ratio of 17.37, a P/E/G ratio of 1.22 and a beta of 0.87. CyrusOne has a one year low of $48.94 and a one year high of $69.01.

Several hedge funds have recently added to or reduced their stakes in the company. Cohen & Steers Inc. grew its position in CyrusOne by 52.5% during the 3rd quarter. Cohen & Steers Inc. now owns 11,176,542 shares of the real estate investment trust’s stock worth $708,593,000 after acquiring an additional 3,846,356 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in CyrusOne by 5,517.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,191,559 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 2,152,545 shares during the last quarter. Deutsche Bank AG grew its position in CyrusOne by 157.0% during the 4th quarter. Deutsche Bank AG now owns 2,336,203 shares of the real estate investment trust’s stock worth $123,534,000 after acquiring an additional 1,427,291 shares during the last quarter. Vanguard Group Inc grew its position in CyrusOne by 8.8% during the 3rd quarter. Vanguard Group Inc now owns 15,035,960 shares of the real estate investment trust’s stock worth $953,281,000 after acquiring an additional 1,213,820 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in CyrusOne by 49.2% during the 4th quarter. Principal Financial Group Inc. now owns 3,319,179 shares of the real estate investment trust’s stock worth $175,518,000 after acquiring an additional 1,094,406 shares during the last quarter. Institutional investors own 98.04% of the company’s stock.

In other CyrusOne news, EVP Kevin L. Timmons sold 19,600 shares of the company’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $51.14, for a total value of $1,002,344.00. Following the completion of the transaction, the executive vice president now owns 152,965 shares of the company’s stock, valued at approximately $7,822,630.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gary J. Wojtaszek purchased 4,000 shares of the business’s stock in a transaction on Wednesday, February 27th. The stock was purchased at an average cost of $49.86 per share, with a total value of $199,440.00. Following the acquisition, the chief executive officer now owns 396,534 shares in the company, valued at $19,771,185.24. The disclosure for this purchase can be found here. Insiders own 1.40% of the company’s stock.

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a $0.46 dividend. The ex-dividend date was Thursday, March 28th. This represents a $1.84 dividend on an annualized basis and a yield of 3.20%. CyrusOne’s dividend payout ratio (DPR) is currently 55.59%.

About CyrusOne

CyrusOne (NASDAQ: CONE) is a high-growth real estate investment trust (REIT) specializing in highly reliable enterprise-class, carrier-neutral data center properties. The Company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for approximately 1,000 customers, including 208 Fortune 1000 companies.

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Earnings History and Estimates for CyrusOne (NASDAQ:CONE)

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