Brokerages Expect Cyxtera Technologies, Inc. (NASDAQ:CYXT) to Post -$0.21 Earnings Per Share

Equities research analysts predict that Cyxtera Technologies, Inc. (NASDAQ:CYXT – Get Rating) will report earnings of ($0.21) per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Cyxtera Technologies’ earnings, with the highest EPS estimate coming in at ($0.19) and the lowest estimate coming in at ($0.24). The business is expected to announce its next earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Cyxtera Technologies will report full-year earnings of ($0.79) per share for the current year, with EPS estimates ranging from ($0.91) to ($0.64). For the next financial year, analysts expect that the business will report earnings of ($0.64) per share, with EPS estimates ranging from ($0.71) to ($0.54). Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Cyxtera Technologies.

Cyxtera Technologies (NASDAQ:CYXT – Get Rating) last released its quarterly earnings data on Tuesday, March 22nd. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.03. The company had revenue of $178.40 million for the quarter, compared to analyst estimates of $178.71 million. The company’s quarterly revenue was up 3.3% compared to the same quarter last year.

CYXT has been the subject of a number of research reports. Raymond James raised their target price on Cyxtera Technologies from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Wednesday, March 23rd. Credit Suisse Group initiated coverage on Cyxtera Technologies in a research note on Thursday, April 7th. They issued an “outperform” rating and a $15.00 target price for the company. William Blair restated an “outperform” rating on shares of Cyxtera Technologies in a research note on Friday, January 28th. Zacks Investment Research lowered Cyxtera Technologies from a “hold” rating to a “sell” rating in a research note on Monday, March 28th. Finally, Royal Bank of Canada raised their price target on Cyxtera Technologies from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, March 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $13.83.

Institutional investors and hedge funds have recently modified their holdings of the business. Harbor Advisors LLC bought a new position in Cyxtera Technologies during the fourth quarter worth about $126,000. Royal Bank of Canada bought a new position in Cyxtera Technologies during the third quarter worth about $92,000. People s United Financial Inc. bought a new position in Cyxtera Technologies during the third quarter worth about $100,000. Penserra Capital Management LLC bought a new position in Cyxtera Technologies during the third quarter worth about $103,000. Finally, Morgan Stanley bought a new position in Cyxtera Technologies during the third quarter worth about $110,000.

Shares of NASDAQ:CYXT traded up $0.20 during midday trading on Friday, reaching $12.07. The company’s stock had a trading volume of 492,573 shares, compared to its average volume of 469,359. Cyxtera Technologies has a fifty-two week low of $7.51 and a fifty-two week high of $13.88. The company has a debt-to-equity ratio of 3.03, a quick ratio of 0.44 and a current ratio of 0.44. The business’s fifty day simple moving average is $12.21 and its 200-day simple moving average is $11.43.

Cyxtera Technologies Company Profile (Get Rating)

Cyxtera Technologies, Inc provides various data center products and services for enterprises, service providers, and government agencies. It offers retail colocation, interconnection, deployment, and support services; and Bare Metal, an on-demand IT infrastructure solution. The company is headquartered in Coral Gables, Florida.

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