CyrusOne Inc (NASDAQ:CONE) – Stock analysts at SunTrust Banks issued their Q1 2019 EPS estimates for CyrusOne in a report released on Wednesday. SunTrust Banks analyst G. Miller expects that the real estate investment trust will post earnings per share of $0.91 for the quarter. SunTrust Banks also issued estimates for CyrusOne’s Q2 2019 earnings at $0.93 EPS, Q3 2019 earnings at $0.97 EPS and FY2019 earnings at $3.81 EPS.

CyrusOne (NASDAQ:CONE) last announced its quarterly earnings results on Monday, October 30th. The real estate investment trust reported ($0.61) earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($1.37). The firm had revenue of $175.30 million for the quarter, compared to the consensus estimate of $177.62 million. CyrusOne had a negative return on equity of 3.23% and a negative net margin of 13.60%. The company’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.67 earnings per share.

Several other equities research analysts have also recently commented on the stock. KeyCorp reaffirmed a “hold” rating on shares of CyrusOne in a research report on Tuesday, September 12th. Deutsche Bank reaffirmed a “buy” rating and issued a $71.00 price objective on shares of CyrusOne in a research report on Friday, November 10th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $66.00 price objective on shares of CyrusOne in a research report on Thursday, September 14th. Jefferies Group reaffirmed a “buy” rating and issued a $69.00 price objective on shares of CyrusOne in a research report on Monday, October 16th. Finally, William Blair started coverage on shares of CyrusOne in a research report on Friday, September 22nd. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. CyrusOne has an average rating of “Buy” and a consensus price target of $64.15.

Shares of CyrusOne (NASDAQ:CONE) opened at $60.45 on Friday. The company has a market cap of $5,519.63, a price-to-earnings ratio of 20.42, a P/E/G ratio of 1.08 and a beta of 0.79. CyrusOne has a 52-week low of $43.57 and a 52-week high of $65.73. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.48 and a quick ratio of 0.48.

A number of hedge funds have recently modified their holdings of CONE. Public Employees Retirement Association of Colorado increased its stake in CyrusOne by 21.6% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 2,725 shares of the real estate investment trust’s stock valued at $152,000 after buying an additional 484 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of CyrusOne by 34.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 26,846 shares of the real estate investment trust’s stock worth $1,497,000 after purchasing an additional 6,823 shares during the last quarter. World Asset Management Inc increased its stake in shares of CyrusOne by 10.5% during the 2nd quarter. World Asset Management Inc now owns 5,766 shares of the real estate investment trust’s stock worth $321,000 after purchasing an additional 550 shares during the last quarter. Retirement Systems of Alabama increased its stake in shares of CyrusOne by 13.2% during the 2nd quarter. Retirement Systems of Alabama now owns 214,354 shares of the real estate investment trust’s stock worth $11,950,000 after purchasing an additional 24,917 shares during the last quarter. Finally, New Mexico Educational Retirement Board increased its stake in shares of CyrusOne by 4.5% during the 2nd quarter. New Mexico Educational Retirement Board now owns 11,500 shares of the real estate investment trust’s stock worth $687,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

In other CyrusOne news, insider Venkatesh S. Durvasula sold 13,500 shares of CyrusOne stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $60.20, for a total value of $812,700.00. Following the sale, the insider now directly owns 214,063 shares in the company, valued at approximately $12,886,592.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.64% of the stock is currently owned by insiders.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be paid a $0.42 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.68 annualized dividend and a yield of 2.78%. CyrusOne’s payout ratio is currently -173.19%.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another domain, it was illegally copied and reposted in violation of US & international copyright & trademark law. The correct version of this report can be accessed at https://www.watchlistnews.com/cyrusone-inc-forecasted-to-earn-q1-2019-earnings-of-0-91-per-share-cone/1755301.html.

About CyrusOne

CyrusOne Inc is a real estate investment trust. The Company is an owner, operator and developer of enterprise-class, carrier-neutral, multi-tenant data center properties. The Company’s data centers are generally purpose-built facilities with redundant power and cooling. The CyrusOne National IX Platform (the National IX Platform) delivers interconnection across states and between metro-enabled sites within its footprint and beyond.

Earnings History and Estimates for CyrusOne (NASDAQ:CONE)

Receive News & Ratings for CyrusOne Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyrusOne Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.