Analysts Expect Equinix (EQIX) Will Post Earnings of $4.94 Per Share

Brokerages predict that Equinix (NASDAQ:EQIX) will report $4.94 earnings per share for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Equinix’s earnings. The highest EPS estimate is $5.07 and the lowest is $4.79. Equinix reported earnings per share of $4.14 during the same quarter last year, which would indicate a positive year over year growth rate of 19.3%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, May 2nd.

On average, analysts expect that Equinix will report full year earnings of $20.71 per share for the current year, with EPS estimates ranging from $20.50 to $21.25. For the next fiscal year, analysts anticipate that the company will post earnings of $23.30 per share, with EPS estimates ranging from $21.65 to $24.09. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Equinix.

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Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $3.87 by ($3.05). The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Equinix had a net margin of 5.33% and a return on equity of 6.54%. The company’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.08 EPS.



A number of research analysts have weighed in on EQIX shares. Credit Suisse Group set a $524.00 price objective on Equinix and gave the company an “outperform” rating in a report on Wednesday, January 17th. BidaskClub lowered Equinix from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Wells Fargo reduced their price target on Equinix from $510.00 to $485.00 and set an “outperform” rating on the stock in a report on Thursday, February 15th. Barclays reiterated a “buy” rating and set a $500.00 price target on shares of Equinix in a report on Friday, February 16th. Finally, Guggenheim set a $515.00 price target on Equinix and gave the stock a “buy” rating in a report on Thursday, February 15th. Four investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $499.67.

EQIX stock traded up $0.86 during midday trading on Wednesday, reaching $410.39. The stock had a trading volume of 270,208 shares, compared to its average volume of 689,017. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.81 and a current ratio of 1.81. The firm has a market capitalization of $32,291.78, a P/E ratio of 22.13, a PEG ratio of 1.24 and a beta of 0.51. Equinix has a 52-week low of $370.79 and a 52-week high of $495.35.

In related news, insider Charles J. Meyers sold 400 shares of the business’s stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $404.96, for a total value of $161,984.00. Following the sale, the insider now directly owns 4,916 shares in the company, valued at approximately $1,990,783.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Keith D. Taylor sold 1,500 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $438.43, for a total transaction of $657,645.00. Following the completion of the sale, the chief financial officer now owns 29,066 shares in the company, valued at $12,743,406.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,782 shares of company stock worth $9,685,076. 0.58% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC grew its position in Equinix by 5.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 15,991 shares of the financial services provider’s stock valued at $7,247,000 after acquiring an additional 898 shares in the last quarter. Atria Investments LLC grew its position in Equinix by 26.4% in the 4th quarter. Atria Investments LLC now owns 1,450 shares of the financial services provider’s stock valued at $657,000 after acquiring an additional 303 shares in the last quarter. National Pension Service grew its position in Equinix by 4.7% in the 4th quarter. National Pension Service now owns 74,064 shares of the financial services provider’s stock valued at $33,567,000 after acquiring an additional 3,303 shares in the last quarter. Spirit of America Management Corp NY grew its position in Equinix by 22.4% in the 4th quarter. Spirit of America Management Corp NY now owns 4,100 shares of the financial services provider’s stock valued at $1,858,000 after acquiring an additional 750 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in Equinix by 5.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 265,082 shares of the financial services provider’s stock valued at $120,141,000 after acquiring an additional 13,241 shares in the last quarter. Hedge funds and other institutional investors own 95.95% of the company’s stock.

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Equinix Company Profile

Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 48 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.

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Earnings History and Estimates for Equinix (NASDAQ:EQIX)

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