Dupont Fabros Technology, Inc. (DFT) Expected to Earn Q3 2017 Earnings of $0.80 Per Share

Dupont Fabros Technology, Inc. (NYSE:DFT) – Analysts at Jefferies Group raised their Q3 2017 earnings per share estimates for shares of Dupont Fabros Technology in a research note issued on Tuesday. Jefferies Group analyst J. Petersen now anticipates that the real estate investment trust will earn $0.80 per share for the quarter, up from their previous estimate of $0.79. Jefferies Group currently has a “Hold” rating and a $54.00 target price on the stock. Jefferies Group also issued estimates for Dupont Fabros Technology’s Q4 2017 earnings at $0.81 EPS, FY2017 earnings at $3.15 EPS, FY2018 earnings at $3.41 EPS and FY2019 earnings at $3.64 EPS.

Dupont Fabros Technology (NYSE:DFT) last announced its earnings results on Thursday, April 27th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by $0.31. Dupont Fabros Technology had a return on equity of 22.94% and a net margin of 30.25%. The firm had revenue of $139.48 million during the quarter, compared to the consensus estimate of $139.24 million. During the same period in the prior year, the company posted $0.67 EPS. The firm’s revenue was up 12.3% on a year-over-year basis.

COPYRIGHT VIOLATION NOTICE: This report was published by sleekmoney and is the sole property of of sleekmoney. If you are accessing this report on another site, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this report can be viewed at https://sleekmoney.com/dupont-fabros-technology-inc-dft-expected-to-earn-q3-2017-earnings-of-0-80-per-share/1916893.html.

Earnings History and Estimates for Dupont Fabros Technology (NYSE:DFT)

A number of other brokerages have also issued reports on DFT. Macquarie lowered Dupont Fabros Technology from an “outperform” rating to a “neutral” rating and set a $58.00 price target for the company. in a report on Tuesday. Royal Bank of Canada lowered Dupont Fabros Technology from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from $59.00 to $62.00 in a report on Monday, June 12th. They noted that the move was a valuation call. Robert W. Baird lowered Dupont Fabros Technology from an “outperform” rating to a “neutral” rating and boosted their price target for the company from $53.00 to $63.00 in a report on Monday, June 12th. Wells Fargo & Company reiterated a “market perform” rating on shares of Dupont Fabros Technology in a report on Monday, June 12th. Finally, Compass Point reiterated a “neutral” rating and issued a $62.00 price target (up previously from $57.50) on shares of Dupont Fabros Technology in a report on Monday, June 12th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $55.65.

Dupont Fabros Technology (NYSE:DFT) opened at 63.29 on Thursday. Dupont Fabros Technology has a 12 month low of $37.54 and a 12 month high of $64.40. The company has a market cap of $4.90 billion, a price-to-earnings ratio of 36.08 and a beta of 0.74. The stock has a 50 day moving average price of $54.60 and a 200 day moving average price of $49.28.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Monday, July 3rd will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Thursday, June 29th. Dupont Fabros Technology’s dividend payout ratio is currently 113.64%.

A number of large investors have recently made changes to their positions in the company. Trust Co. of Toledo NA OH increased its stake in shares of Dupont Fabros Technology by 0.3% in the first quarter. Trust Co. of Toledo NA OH now owns 10,125 shares of the real estate investment trust’s stock valued at $502,000 after buying an additional 32 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its stake in shares of Dupont Fabros Technology by 3.6% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,304 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 79 shares in the last quarter. Quotient Investors LLC increased its stake in shares of Dupont Fabros Technology by 1.0% in the first quarter. Quotient Investors LLC now owns 10,100 shares of the real estate investment trust’s stock valued at $501,000 after buying an additional 100 shares in the last quarter. Thrivent Financial For Lutherans increased its stake in shares of Dupont Fabros Technology by 0.4% in the first quarter. Thrivent Financial For Lutherans now owns 27,083 shares of the real estate investment trust’s stock valued at $1,343,000 after buying an additional 100 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Dupont Fabros Technology by 4.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,915 shares of the real estate investment trust’s stock valued at $244,000 after buying an additional 189 shares in the last quarter.

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.

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/dupont-fabros-technology-inc-dft-expected-to-earn-q3-2017-earnings-of-0-80-per-share/1916893.html

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

 

Leave a Reply

Your email address will not be published. Required fields are marked *