$176.69 Million in Sales Expected for InterXion Holding NV (NYSE:INXN) This Quarter

Equities research analysts expect InterXion Holding NV (NYSE:INXN) to post sales of $176.69 million for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for InterXion’s earnings. The lowest sales estimate is $175.50 million and the highest is $177.91 million. InterXion reported sales of $165.63 million in the same quarter last year, which indicates a positive year-over-year growth rate of 6.7%. The business is scheduled to report its next earnings report before the market opens on Wednesday, August 7th.

On average, analysts expect that InterXion will report full-year sales of $718.53 million for the current year, with estimates ranging from $715.12 million to $722.83 million. For the next financial year, analysts forecast that the company will post sales of $822.14 million, with estimates ranging from $815.58 million to $829.26 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover InterXion.

InterXion (NYSE:INXN) last announced its quarterly earnings data on Thursday, May 9th. The technology company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.04). The company had revenue of $151.53 million for the quarter, compared to the consensus estimate of $151.09 million. InterXion had a net margin of 4.77% and a return on equity of 5.60%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.17 EPS.

A number of research firms have weighed in on INXN. Credit Suisse Group began coverage on shares of Merck & Co., Inc. in a research report on Thursday, July 11th. They set a “buy” rating and a $95.00 price objective for the company. ValuEngine lowered shares of Intersect ENT from a “buy” rating to a “hold” rating in a research note on Monday, June 3rd. Stifel Nicolaus set a $74.00 price objective on shares of InterXion and gave the company a “buy” rating in a research note on Friday, May 10th. CIBC raised their price objective on shares of Quebecor from C$34.00 to C$35.00 in a research note on Friday, May 10th. Finally, Wells Fargo & Co reduced their target price on shares of Nevro from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $82.00.

Several large investors have recently modified their holdings of INXN. Centersquare Investment Management LLC raised its position in shares of InterXion by 14,009.4% in the 1st quarter. Centersquare Investment Management LLC now owns 2,577,795 shares of the technology company’s stock valued at $1,445,000 after purchasing an additional 2,559,525 shares in the last quarter. Norges Bank bought a new position in InterXion during the fourth quarter valued at about $135,240,000. American Century Companies Inc. boosted its stake in InterXion by 32.0% during the first quarter. American Century Companies Inc. now owns 3,824,724 shares of the technology company’s stock valued at $255,224,000 after buying an additional 927,985 shares in the last quarter. Principal Financial Group Inc. boosted its stake in InterXion by 19.0% during the first quarter. Principal Financial Group Inc. now owns 4,141,431 shares of the technology company’s stock valued at $276,358,000 after buying an additional 660,439 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in InterXion by 178.8% during the first quarter. Neuberger Berman Group LLC now owns 832,855 shares of the technology company’s stock valued at $55,576,000 after buying an additional 534,134 shares in the last quarter. Institutional investors and hedge funds own 89.66% of the company’s stock.

NYSE:INXN traded up $0.45 during trading hours on Friday, hitting $75.62. 345,525 shares of the company were exchanged, compared to its average volume of 525,198. The stock has a market cap of $5.82 billion, a PE ratio of 114.58, a price-to-earnings-growth ratio of 8.55 and a beta of 0.93. InterXion has a 52-week low of $50.05 and a 52-week high of $77.70. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.88 and a quick ratio of 0.88. The company’s 50 day moving average is $75.08.

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, cloud platforms, Internet service providers, and other customers.

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Earnings History and Estimates for InterXion (NYSE:INXN)

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