Wall Street analysts predict that InterXion Holding N.V. (NYSE:INXN) will report sales of $128.38 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for InterXion Holding N.V.’s earnings, with the lowest sales estimate coming in at $126.66 million and the highest estimate coming in at $130.60 million. InterXion Holding N.V. posted sales of $117.49 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.3%. The business is expected to announce its next quarterly earnings report before the market opens on Wednesday, August 2nd.
On average, analysts expect that InterXion Holding N.V. will report full year sales of $128.38 million for the current fiscal year, with estimates ranging from $514.92 million to $533.01 million. For the next fiscal year, analysts anticipate that the company will post sales of $574.57 million per share, with estimates ranging from $566.58 million to $585.22 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow InterXion Holding N.V..
InterXion Holding N.V. (NYSE:INXN) last announced its quarterly earnings results on Wednesday, May 3rd. The technology company reported $0.16 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. The company had revenue of $113.90 million during the quarter, compared to analysts’ expectations of $112.86 million. InterXion Holding N.V. had a return on equity of 6.80% and a net margin of 9.33%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 earnings per share.
A number of equities research analysts have issued reports on INXN shares. Stifel Nicolaus reiterated a “buy” rating on shares of InterXion Holding N.V. in a research note on Tuesday, April 25th. Citigroup Inc. increased their price target on InterXion Holding N.V. from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Tuesday, April 25th. Royal Bank Of Canada reiterated a “buy” rating and issued a $45.00 price target on shares of InterXion Holding N.V. in a research note on Friday, April 21st. Zacks Investment Research upgraded InterXion Holding N.V. from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Wednesday, May 31st. Finally, ValuEngine upgraded InterXion Holding N.V. from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. InterXion Holding N.V. currently has an average rating of “Buy” and an average target price of $47.13.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its position in shares of InterXion Holding N.V. by 2.3% in the first quarter. Principal Financial Group Inc. now owns 3,603,318 shares of the technology company’s stock worth $142,307,000 after buying an additional 82,576 shares during the last quarter. Rivulet Capital LLC increased its stake in shares of InterXion Holding N.V. by 10.1% in the first quarter. Rivulet Capital LLC now owns 2,767,780 shares of the technology company’s stock valued at $109,493,000 after buying an additional 253,300 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of InterXion Holding N.V. by 16.2% in the first quarter. Victory Capital Management Inc. now owns 1,697,927 shares of the technology company’s stock valued at $67,170,000 after buying an additional 236,130 shares during the last quarter. Resolution Capital Ltd increased its stake in shares of InterXion Holding N.V. by 18.4% in the first quarter. Resolution Capital Ltd now owns 1,394,876 shares of the technology company’s stock valued at $55,181,000 after buying an additional 216,565 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of InterXion Holding N.V. by 8.8% in the first quarter. Wells Fargo & Company MN now owns 1,173,675 shares of the technology company’s stock valued at $46,430,000 after buying an additional 94,605 shares during the last quarter. 88.27% of the stock is owned by institutional investors and hedge funds.
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InterXion Holding N.V. (INXN) traded up 0.72% during midday trading on Wednesday, reaching $47.86. The company had a trading volume of 85,495 shares. InterXion Holding N.V. has a 52 week low of $32.21 and a 52 week high of $47.87. The firm has a 50-day moving average price of $45.33 and a 200-day moving average price of $41.43. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 73.52 and a beta of 0.63.
InterXion Holding N.V. 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.
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