CyrusOne Inc (NASDAQ:CONE) issued an update on its FY17 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $3.05-$3.10 for the period, compared to the Thomson Reuters consensus estimate of $3.00. The company issued revenue guidance of $670-$677 million, compared to the consensus revenue estimate of $676.40 million.

CyrusOne Inc (CONE) opened at 61.39 on Wednesday. CyrusOne Inc has a 52 week low of $38.80 and a 52 week high of $65.73.

CyrusOne (NASDAQ:CONE) last posted its earnings results on Monday, October 30th. The real estate investment trust reported ($0.61) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($1.37). The business had revenue of $175.30 million during the quarter, compared to analyst estimates of $177.62 million. CyrusOne had a negative net margin of 13.60% and a negative return on equity of 3.27%. CyrusOne’s revenue was up 21.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.67 earnings per share. Analysts predict that CyrusOne Inc will post ($0.24) earnings per share for the current year.

The firm also recently announced 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. This represents a $1.68 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Thursday, December 28th. CyrusOne’s dividend payout ratio (DPR) is presently -173.19%.

A number of analysts have issued reports on the stock. William Blair initiated coverage on shares of CyrusOne in a research note on Friday, September 22nd. They issued an outperform rating for the company. Zacks Investment Research upgraded shares of CyrusOne from a hold rating to a buy rating and set a $62.00 price objective for the company in a research note on Tuesday, July 11th. KeyCorp restated a hold rating on shares of CyrusOne in a research note on Tuesday, September 12th. Morgan Stanley restated an overweight rating and issued a $63.00 price objective (up from $58.00) on shares of CyrusOne in a research note on Friday, August 25th. Finally, Deutsche Bank AG restated a buy rating and issued a $64.00 price objective (up from $62.00) on shares of CyrusOne in a research note on Friday, August 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $62.14.

In related news, EVP Robert M. Jackson sold 1,890 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $59.00, for a total transaction of $111,510.00. Following the completion of the transaction, the executive vice president now directly owns 24,296 shares in the company, valued at approximately $1,433,464. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.64% of the stock is owned by corporate insiders.

ILLEGAL ACTIVITY WARNING: This story was first published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright laws. The original version of this story can be read at

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.