Zacks: Analysts Expect InterXion Holding NV (INXN) Will Post Earnings of $0.18 Per Share

Brokerages forecast that InterXion Holding NV (NYSE:INXN) will post $0.18 earnings per share for the current quarter, Zacks reports. Five analysts have issued estimates for InterXion’s earnings, with estimates ranging from $0.14 to $0.21. InterXion reported earnings per share of $0.20 during the same quarter last year, which indicates a negative year-over-year growth rate of 10%. The company is scheduled to report its next quarterly earnings results on Wednesday, March 6th.

On average, analysts expect that InterXion will report full year earnings of $0.70 per share for the current year, with EPS estimates ranging from $0.66 to $0.73. For the next fiscal year, analysts forecast that the company will post earnings of $0.85 per share, with EPS estimates ranging from $0.65 to $1.00. Zacks’ EPS averages are an average based on a survey of sell-side research firms that that provide coverage for InterXion.

InterXion (NYSE:INXN) last released its earnings results on Thursday, November 1st. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.19. The company had revenue of $142.20 million for the quarter, compared to analyst estimates of $141.79 million. InterXion had a net margin of 6.27% and a return on equity of 7.29%. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.15 EPS.

A number of brokerages have recently weighed in on INXN. Wells Fargo & Co reduced their price objective on shares of InterXion from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, November 2nd. Citigroup reduced their price objective on shares of InterXion from $75.00 to $73.00 and set a “buy” rating on the stock in a report on Thursday, November 1st. Berenberg Bank began coverage on shares of InterXion in a report on Thursday, September 20th. They issued a “buy” rating and a $93.00 price objective on the stock. TheStreet lowered shares of InterXion from a “b-” rating to a “c” rating in a report on Thursday, August 23rd. Finally, Zacks Investment Research upgraded shares of InterXion from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $73.73.

InterXion stock traded up $0.09 during mid-day trading on Friday, reaching $62.27. 363,100 shares of the company’s stock were exchanged, compared to its average volume of 496,619. The firm has a market cap of $4.43 billion, a PE ratio of 90.25, a price-to-earnings-growth ratio of 6.24 and a beta of 0.86. InterXion has a twelve month low of $54.35 and a twelve month high of $68.95. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 2.04.

Several institutional investors and hedge funds have recently made changes to their positions in INXN. SG Americas Securities LLC grew its position in shares of InterXion by 164.7% in the 2nd quarter. SG Americas Securities LLC now owns 7,326 shares of the technology company’s stock valued at $457,000 after buying an additional 4,558 shares during the last quarter. Sei Investments Co. grew its position in shares of InterXion by 9.8% in the 2nd quarter. Sei Investments Co. now owns 116,593 shares of the technology company’s stock valued at $7,277,000 after buying an additional 10,418 shares during the last quarter. Forward Management LLC grew its position in shares of InterXion by 21.3% in the 2nd quarter. Forward Management LLC now owns 21,225 shares of the technology company’s stock valued at $1,326,000 after buying an additional 3,725 shares during the last quarter. Stevens Capital Management LP grew its position in shares of InterXion by 20.9% in the 2nd quarter. Stevens Capital Management LP now owns 20,298 shares of the technology company’s stock valued at $1,267,000 after buying an additional 3,504 shares during the last quarter. Finally, Macquarie Group Ltd. grew its position in shares of InterXion by 1.2% in the 2nd quarter. Macquarie Group Ltd. now owns 713,660 shares of the technology company’s stock valued at $44,547,000 after buying an additional 8,387 shares during the last quarter. Institutional investors and hedge funds own 91.23% of the company’s stock.

About InterXion

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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