Wall Street analysts forecast that InterXion Holding N.V. (NYSE:INXN) will report sales of $148.18 million for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for InterXion’s earnings. The lowest sales estimate is $147.55 million and the highest is $149.06 million. InterXion posted sales of $119.24 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 24.3%. The firm is scheduled to announce its next earnings results on Wednesday, March 7th.

According to Zacks, analysts expect that InterXion will report full-year sales of $148.18 million for the current fiscal year, with estimates ranging from $564.46 million to $566.09 million. For the next financial year, analysts expect that the company will report sales of $629.73 million per share, with estimates ranging from $622.80 million to $641.19 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow InterXion.

INXN has been the topic of several research reports. Barclays upped their price objective on shares of InterXion from $56.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. Wells Fargo & Company reiterated an “outperform” rating and set a $62.00 price objective (up previously from $54.00) on shares of InterXion in a report on Thursday, November 2nd. Cowen upgraded shares of InterXion from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $45.00 to $54.00 in a report on Tuesday, August 8th. BidaskClub lowered shares of InterXion from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 14th. Finally, Citigroup upped their price objective on shares of InterXion from $57.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $55.70.

InterXion (NYSE:INXN) opened at $55.23 on Tuesday. InterXion has a fifty-two week low of $32.44 and a fifty-two week high of $59.14. The stock has a market cap of $4,126.98, a price-to-earnings ratio of 90.41, a P/E/G ratio of 6.57 and a beta of 0.56. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.22.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Massey Quick Simon & CO. LLC acquired a new position in shares of InterXion during the third quarter worth about $133,000. Oppenheimer Asset Management Inc. boosted its holdings in InterXion by 19.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 3,363 shares of the technology company’s stock valued at $153,000 after purchasing an additional 552 shares in the last quarter. Advisor Group Inc. boosted its holdings in InterXion by 38.7% in the third quarter. Advisor Group Inc. now owns 3,840 shares of the technology company’s stock valued at $196,000 after purchasing an additional 1,071 shares in the last quarter. Emerald Advisers Inc. PA acquired a new position in InterXion in the third quarter valued at approximately $214,000. Finally, Stifel Financial Corp acquired a new position in InterXion in the second quarter valued at approximately $227,000. Institutional investors own 86.55% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “$148.18 Million in Sales Expected for InterXion Holding N.V. (INXN) This Quarter” was first reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/12/05/148-18-million-in-sales-expected-for-interxion-holding-n-v-inxn-this-quarter.html.

InterXion Company Profile

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.

Get a free copy of the Zacks research report on InterXion (INXN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for InterXion Holding N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InterXion Holding N.V. and related companies with MarketBeat.com's FREE daily email newsletter.