$164.38 Million in Sales Expected for Interxion (INXN) This Quarter

Wall Street analysts predict that Interxion (NYSE:INXN) will post sales of $164.38 million for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Interxion’s earnings, with the lowest sales estimate coming in at $163.10 million and the highest estimate coming in at $167.14 million. Interxion reported sales of $121.38 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 35.4%. The firm is scheduled to report its next earnings results before the market opens on Thursday, May 3rd.

According to Zacks, analysts expect that Interxion will report full-year sales of $694.20 million for the current financial year, with estimates ranging from $688.95 million to $706.19 million. For the next year, analysts expect that the firm will post sales of $796.08 million per share, with estimates ranging from $788.65 million to $803.53 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Interxion.

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Interxion (NYSE:INXN) last announced its quarterly earnings results on Wednesday, March 7th. The technology company reported $0.20 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.20. Interxion had a return on equity of 7.55% and a net margin of 8.61%. The business had revenue of $129.90 million for the quarter, compared to analysts’ expectations of $127.51 million. During the same period in the previous year, the firm earned $0.14 EPS. The business’s quarterly revenue was up 17.6% on a year-over-year basis.

Several equities analysts have recently issued reports on INXN shares. Zacks Investment Research raised Interxion from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research note on Wednesday, January 3rd. Citigroup reissued an “outperform” rating and set a $68.00 target price (up from $62.00) on shares of Interxion in a research note on Tuesday, January 9th. Oppenheimer reissued a “buy” rating and set a $68.00 target price on shares of Interxion in a research note on Tuesday, January 9th. Barclays reissued a “buy” rating and set a $72.00 target price on shares of Interxion in a research note on Friday, January 19th. Finally, Guggenheim reissued a “buy” rating and set a $67.00 target price on shares of Interxion in a research note on Thursday, January 25th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $65.45.

INXN opened at $65.38 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.72 and a current ratio of 0.63. Interxion has a 52-week low of $39.65 and a 52-week high of $65.62. The company has a market cap of $4,634.12, a PE ratio of 94.75, a price-to-earnings-growth ratio of 5.04 and a beta of 0.68.

A number of hedge funds have recently modified their holdings of INXN. American Century Companies Inc. purchased a new stake in Interxion in the fourth quarter worth $50,818,000. Wasatch Advisors Inc. grew its stake in Interxion by 87.1% in the fourth quarter. Wasatch Advisors Inc. now owns 1,195,723 shares of the technology company’s stock worth $70,464,000 after purchasing an additional 556,574 shares during the period. Deutsche Bank AG grew its stake in Interxion by 8.7% in the fourth quarter. Deutsche Bank AG now owns 2,213,551 shares of the technology company’s stock worth $130,440,000 after purchasing an additional 176,498 shares during the period. Frontier Capital Management Co. LLC grew its stake in Interxion by 12.8% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,551,412 shares of the technology company’s stock worth $91,425,000 after purchasing an additional 176,444 shares during the period. Finally, AO Asset Management LP purchased a new stake in Interxion in the fourth quarter worth $9,582,000. 91.50% of the stock is currently owned by institutional investors.

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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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