Equities research analysts expect InterXion Holding NV (NYSE:INXN) to post $169.14 million in sales for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for InterXion’s earnings. The highest sales estimate is $172.28 million and the lowest is $167.72 million. InterXion reported sales of $152.95 million in the same quarter last year, which indicates a positive year over year growth rate of 10.6%. The company is scheduled to announce its next earnings results on Wednesday, March 6th.
According to Zacks, analysts expect that InterXion will report full year sales of $650.20 million for the current financial year, with estimates ranging from $640.60 million to $668.00 million. For the next fiscal year, analysts expect that the business will report sales of $745.01 million, with estimates ranging from $732.37 million to $753.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover InterXion.
InterXion (NYSE:INXN) last released its quarterly earnings data on Thursday, November 1st. The technology company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. InterXion had a net margin of 6.27% and a return on equity of 7.29%. The firm had revenue of $142.20 million during the quarter, compared to analysts’ expectations of $141.79 million. During the same period in the previous year, the company earned $0.15 earnings per share. The firm’s quarterly revenue was up 14.1% on a year-over-year basis.
A number of analysts have commented on INXN shares. Berenberg Bank started coverage on shares of InterXion in a report on Thursday, September 20th. They set a “buy” rating and a $93.00 target price for the company. Wells Fargo & Co reduced their target price on shares of InterXion from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, November 2nd. Credit Suisse Group began coverage on shares of InterXion in a research note on Thursday, December 20th. They issued an “outperform” rating and a $70.00 price objective for the company. Citigroup reduced their price objective on shares of InterXion from $75.00 to $73.00 and set a “buy” rating for the company in a research note on Thursday, November 1st. Finally, ValuEngine cut shares of InterXion from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 2nd. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $73.91.
Several large investors have recently modified their holdings of INXN. SG Americas Securities LLC lifted its position in InterXion by 164.7% during the second quarter. SG Americas Securities LLC now owns 7,326 shares of the technology company’s stock valued at $457,000 after purchasing an additional 4,558 shares during the last quarter. BlackRock Inc. lifted its position in InterXion by 11.6% during the second quarter. BlackRock Inc. now owns 1,683,109 shares of the technology company’s stock valued at $105,060,000 after purchasing an additional 175,543 shares during the last quarter. Legal & General Group Plc lifted its position in InterXion by 0.7% during the second quarter. Legal & General Group Plc now owns 190,120 shares of the technology company’s stock valued at $11,867,000 after purchasing an additional 1,249 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in InterXion by 20.2% during the second quarter. PNC Financial Services Group Inc. now owns 5,987 shares of the technology company’s stock valued at $373,000 after purchasing an additional 1,007 shares during the last quarter. Finally, BlueMountain Capital Management LLC lifted its position in InterXion by 381.2% during the second quarter. BlueMountain Capital Management LLC now owns 14,040 shares of the technology company’s stock valued at $876,000 after purchasing an additional 11,122 shares during the last quarter. Hedge funds and other institutional investors own 88.37% of the company’s stock.
INXN stock traded down $0.47 during midday trading on Friday, reaching $56.68. 6,256 shares of the company’s stock traded hands, compared to its average volume of 658,525. InterXion has a 52-week low of $50.05 and a 52-week high of $68.95. The stock has a market cap of $4.01 billion, a P/E ratio of 82.28, a P/E/G ratio of 4.69 and a beta of 0.98. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 2.04.
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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