Brokerages expect InterXion Holding NV (NYSE:INXN) to post $0.16 earnings per share for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for InterXion’s earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.18. InterXion reported earnings per share of $0.15 in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.7%. The firm is scheduled to announce its next quarterly earnings results on Thursday, August 1st.
According to Zacks, analysts expect that InterXion will report full year earnings of $0.63 per share for the current year, with EPS estimates ranging from $0.47 to $0.71. For the next year, analysts anticipate that the business will post earnings of $0.79 per share, with EPS estimates ranging from $0.59 to $0.92. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for InterXion.
InterXion (NYSE:INXN) last posted its quarterly earnings results on Thursday, May 9th. The technology company reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.04). InterXion had a net margin of 4.77% and a return on equity of 5.60%. The business had revenue of $151.53 million during the quarter, compared to analysts’ expectations of $151.09 million. During the same quarter last year, the firm earned $0.17 earnings per share. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year.
A number of analysts recently weighed in on INXN shares. Stifel Nicolaus set a $74.00 price target on InterXion and gave the company a “buy” rating in a research note on Friday, May 10th. Credit Suisse Group decreased their price target on InterXion from $70.00 to $69.00 and set an “outperform” rating on the stock in a research note on Thursday, March 7th. Wells Fargo & Co lifted their price target on InterXion from $72.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday, May 13th. Zacks Investment Research downgraded InterXion from a “hold” rating to a “sell” rating in a research note on Friday, March 8th. Finally, Oppenheimer downgraded InterXion from an “outperform” rating to a “market perform” rating in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $80.60.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. boosted its position in InterXion by 19.0% during the first quarter. Principal Financial Group Inc. now owns 4,141,431 shares of the technology company’s stock worth $276,358,000 after purchasing an additional 660,439 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of InterXion by 32.0% in the first quarter. American Century Companies Inc. now owns 3,824,724 shares of the technology company’s stock worth $255,224,000 after acquiring an additional 927,985 shares during the last quarter. Centersquare Investment Management LLC raised its holdings in shares of InterXion by 14,009.4% in the first quarter. Centersquare Investment Management LLC now owns 2,577,795 shares of the technology company’s stock worth $1,445,000 after acquiring an additional 2,559,525 shares during the last quarter. Norges Bank acquired a new position in shares of InterXion in the fourth quarter worth $135,240,000. Finally, BlackRock Inc. raised its holdings in shares of InterXion by 8.0% in the fourth quarter. BlackRock Inc. now owns 2,287,920 shares of the technology company’s stock worth $123,913,000 after acquiring an additional 170,258 shares during the last quarter. Institutional investors own 95.85% of the company’s stock.
Shares of InterXion stock traded down $0.44 during trading on Tuesday, reaching $75.10. The company’s stock had a trading volume of 255,915 shares, compared to its average volume of 523,156. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 2.56. InterXion has a 12-month low of $50.05 and a 12-month high of $76.86. The firm has a market capitalization of $5.40 billion, a P/E ratio of 113.79, a P/E/G ratio of 8.49 and a beta of 0.97. The business’s 50 day simple moving average is $73.22.
InterXion Holding N.V. provides carrier and cloud-neutral colocation data center services in France, Germany, the Netherlands, the United Kingdom, Austria, Belgium, Denmark, Ireland, Spain, Sweden, and Switzerland. The company enables its customers to connect to a range of telecommunications carriers, cloud platforms, Internet service providers, and other customers.
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