Brokerages expect InterXion Holding NV (NYSE:INXN) to post sales of $165.31 million for the current quarter, according to Zacks. Six analysts have issued estimates for InterXion’s earnings, with the highest sales estimate coming in at $166.78 million and the lowest estimate coming in at $163.60 million. InterXion reported sales of $146.48 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 12.9%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, November 7th.
On average, analysts expect that InterXion will report full-year sales of $655.33 million for the current year, with estimates ranging from $648.56 million to $658.66 million. For the next year, analysts expect that the firm will report sales of $754.87 million per share, with estimates ranging from $746.67 million to $766.70 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow InterXion.
InterXion (NYSE:INXN) last released its quarterly earnings data on Thursday, August 2nd. The technology company reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.09). InterXion had a return on equity of 7.27% and a net margin of 6.32%. The business had revenue of $138.80 million during the quarter, compared to analysts’ expectations of $138.27 million. During the same period last year, the company earned $0.14 earnings per share. The firm’s revenue was up 14.9% compared to the same quarter last year.
A number of research firms recently weighed in on INXN. Stifel Nicolaus set a $74.00 price objective on shares of InterXion and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Royal Bank of Canada upped their price objective on shares of InterXion to $75.00 and gave the stock an “outperform” rating in a research note on Monday, May 14th. Zacks Investment Research raised shares of InterXion from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Finally, TheStreet lowered shares of InterXion from a “b-” rating to a “c” rating in a research note on Thursday, August 23rd. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. InterXion currently has an average rating of “Buy” and a consensus target price of $71.80.
Institutional investors have recently made changes to their positions in the business. Forward Management LLC increased its holdings in shares of InterXion by 21.3% during the second quarter. Forward Management LLC now owns 21,225 shares of the technology company’s stock valued at $1,326,000 after acquiring an additional 3,725 shares in the last quarter. Meru Capital Group LP acquired a new position in shares of InterXion during the first quarter valued at about $1,801,000. Rivulet Capital LLC increased its holdings in shares of InterXion by 0.6% during the first quarter. Rivulet Capital LLC now owns 1,746,274 shares of the technology company’s stock valued at $108,461,000 after acquiring an additional 11,200 shares in the last quarter. Eqis Capital Management Inc. increased its holdings in shares of InterXion by 19.3% during the second quarter. Eqis Capital Management Inc. now owns 36,258 shares of the technology company’s stock valued at $2,263,000 after acquiring an additional 5,856 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of InterXion by 9.8% during the second quarter. Sei Investments Co. now owns 116,593 shares of the technology company’s stock valued at $7,277,000 after acquiring an additional 10,418 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.
NYSE:INXN traded up $0.14 during mid-day trading on Wednesday, reaching $63.44. The company’s stock had a trading volume of 191,455 shares, compared to its average volume of 322,681. InterXion has a 1 year low of $49.15 and a 1 year high of $67.19. The firm has a market cap of $4.52 billion, a PE ratio of 91.94, a price-to-earnings-growth ratio of 6.05 and a beta of 0.65. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.37 and a quick ratio of 1.37.
InterXion Company Profile
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, Internet service providers, and other customers.
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