$166.14 Million in Sales Expected for InterXion Holding NV (INXN) This Quarter

Analysts expect InterXion Holding NV (NYSE:INXN) to announce sales of $166.14 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for InterXion’s earnings. The highest sales estimate is $168.01 million and the lowest is $164.46 million. InterXion posted sales of $132.76 million during the same quarter last year, which would indicate a positive year over year growth rate of 25.1%. The firm is scheduled to issue its next earnings results on Wednesday, August 1st.

On average, analysts expect that InterXion will report full year sales of $675.04 million for the current financial year, with estimates ranging from $668.54 million to $682.26 million. For the next year, analysts expect that the company will report sales of $778.37 million per share, with estimates ranging from $767.55 million to $784.44 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for InterXion.

InterXion (NYSE:INXN) last announced its earnings results on Thursday, May 3rd. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). InterXion had a return on equity of 7.62% and a net margin of 8.46%. The company had revenue of $133.80 million for the quarter, compared to the consensus estimate of $133.00 million. During the same period in the previous year, the company earned $0.15 EPS. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year.



Several research firms have recently weighed in on INXN. Barclays reissued a “buy” rating and issued a $73.00 price objective on shares of InterXion in a research report on Friday, May 4th. ValuEngine raised InterXion from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. SunTrust Banks increased their price objective on InterXion to $76.00 and gave the company a “buy” rating in a research report on Thursday, March 8th. Raymond James reissued an “outperform” rating and issued a $72.00 price objective (up from $65.00) on shares of InterXion in a research report on Thursday, March 8th. Finally, TheStreet raised InterXion from a “c+” rating to a “b” rating in a research report on Monday, April 9th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. InterXion currently has a consensus rating of “Buy” and an average price target of $68.45.

Shares of INXN traded down $0.97 during mid-day trading on Monday, hitting $65.33. The company’s stock had a trading volume of 475,300 shares, compared to its average volume of 525,526. InterXion has a one year low of $43.51 and a one year high of $67.19. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 94.99, a P/E/G ratio of 5.22 and a beta of 0.64.

Several hedge funds and other institutional investors have recently modified their holdings of INXN. Schwab Charles Investment Management Inc. raised its stake in shares of InterXion by 9.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 16,002 shares of the technology company’s stock valued at $943,000 after purchasing an additional 1,334 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of InterXion by 18.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,424 shares of the technology company’s stock valued at $614,000 after purchasing an additional 1,614 shares in the last quarter. Aperio Group LLC raised its stake in shares of InterXion by 9.5% in the fourth quarter. Aperio Group LLC now owns 17,380 shares of the technology company’s stock valued at $1,024,000 after purchasing an additional 1,506 shares in the last quarter. American Century Companies Inc. acquired a new position in shares of InterXion in the fourth quarter valued at $50,818,000. Finally, California Public Employees Retirement System raised its stake in shares of InterXion by 7.5% in the fourth quarter. California Public Employees Retirement System now owns 95,817 shares of the technology company’s stock valued at $5,646,000 after purchasing an additional 6,726 shares in the last quarter. Institutional investors and hedge funds own 86.43% of the company’s stock.

InterXion Company Profile

InterXion Holding N.V. provides carrier and cloud neutral colocation data center services in France, Germany, the Netherlands, the United Kingdom, and the rest of Europe. The company enables its customers to connect to a range of telecommunications carriers, Internet service providers, and other customers.

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Earnings History and Estimates for InterXion (NYSE:INXN)

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