Zacks: Analysts Anticipate InterXion Holding N.V. (NYSE:INXN) Will Post Quarterly Sales of $128.38 Million
Equities research analysts predict that InterXion Holding N.V. (NYSE:INXN) will post $128.38 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for InterXion Holding N.V.’s earnings, with estimates ranging from $126.66 million to $130.60 million. InterXion Holding N.V. reported sales of $117.49 million during the same quarter last year, which indicates a positive year over year growth rate of 9.3%. The company is expected to announce its next earnings report before the market opens on Wednesday, August 2nd.
According to Zacks, analysts expect that InterXion Holding N.V. will report full year sales of $128.38 million for the current year, with estimates ranging from $514.92 million to $533.01 million. For the next fiscal year, analysts forecast that the firm will report sales of $574.57 million per share, with estimates ranging from $566.58 million to $585.22 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for InterXion Holding N.V..
InterXion Holding N.V. (NYSE:INXN) last released its earnings results on Wednesday, May 3rd. The technology company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. InterXion Holding N.V. had a net margin of 9.33% and a return on equity of 6.80%. The firm had revenue of $113.90 million during the quarter, compared to analyst estimates of $112.86 million. During the same quarter in the previous year, the firm earned $0.14 earnings per share. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year.
A number of research analysts recently commented on the company. Zacks Investment Research lowered InterXion Holding N.V. from a “buy” rating to a “hold” rating in a research note on Tuesday. Stifel Nicolaus reiterated a “buy” rating and set a $49.00 price objective on shares of InterXion Holding N.V. in a research note on Friday, July 21st. Citigroup Inc. increased their price objective on InterXion Holding N.V. from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, June 6th. ValuEngine upgraded InterXion Holding N.V. from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $50.00 price objective (up from $48.00) on shares of InterXion Holding N.V. in a research note on Tuesday, May 23rd. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $47.13.
Shares of InterXion Holding N.V. (NYSE:INXN) traded up 0.72% during trading on Wednesday, hitting $47.86. 85,495 shares of the stock traded hands. InterXion Holding N.V. has a 52 week low of $32.21 and a 52 week high of $47.87. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 73.52 and a beta of 0.63. The firm’s 50-day moving average price is $45.33 and its 200-day moving average price is $41.43.
Several institutional investors have recently added to or reduced their stakes in INXN. Oppenheimer Asset Management Inc. purchased a new stake in shares of InterXion Holding N.V. during the first quarter worth about $110,000. SpiderRock Advisors LLC raised its stake in shares of InterXion Holding N.V. by 259.2% in the second quarter. SpiderRock Advisors LLC now owns 2,687 shares of the technology company’s stock worth $123,000 after buying an additional 1,939 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of InterXion Holding N.V. by 6.8% in the first quarter. BNP Paribas Arbitrage SA now owns 3,950 shares of the technology company’s stock worth $156,000 after buying an additional 250 shares in the last quarter. Bank of Montreal Can raised its stake in shares of InterXion Holding N.V. by 7.5% in the first quarter. Bank of Montreal Can now owns 5,064 shares of the technology company’s stock worth $200,000 after buying an additional 354 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in shares of InterXion Holding N.V. during the first quarter worth about $230,000. Institutional investors and hedge funds own 88.27% of the company’s stock.
About InterXion Holding N.V.
InterXion Holding N.V. is a provider of carrier and cloud neutral colocation data center services in Europe. The Company operates through two segments: France, Germany, The Netherlands and UK, and rest of Europe, which consists of its operations in Austria, Belgium, Denmark, Ireland, Spain, Sweden and Switzerland.
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