Q3 2019 EPS Estimates for InterXion Holding NV (NYSE:INXN) Reduced by Analyst

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InterXion Holding NV (NYSE:INXN) – Oppenheimer cut their Q3 2019 earnings estimates for InterXion in a research report issued on Wednesday, August 7th. Oppenheimer analyst T. Horan now anticipates that the technology company will post earnings of $0.16 per share for the quarter, down from their previous forecast of $0.17. Oppenheimer has a “Market Perform” rating on the stock. Oppenheimer also issued estimates for InterXion’s FY2019 earnings at $0.63 EPS.

A number of other equities research analysts have also weighed in on INXN. CIBC restated a “market perform” rating on shares of InterXion in a report on Friday, May 10th. ValuEngine upgraded shares of InterXion from a “buy” rating to a “strong-buy” rating in a report on Monday, June 3rd. Credit Suisse Group set a $82.00 price objective on shares of InterXion and gave the company a “buy” rating in a report on Thursday, July 11th. Wells Fargo & Co raised their price objective on shares of InterXion from $72.00 to $80.00 and gave the company an “outperform” rating in a report on Monday, May 13th. Finally, Citigroup raised their price objective on shares of InterXion from $76.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, May 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. InterXion currently has a consensus rating of “Buy” and an average price target of $82.00.

InterXion stock opened at $78.35 on Friday. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of 118.71, a PEG ratio of 8.75 and a beta of 0.93. InterXion has a 52-week low of $50.05 and a 52-week high of $78.78. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.88 and a current ratio of 0.88. The business’s 50 day simple moving average is $75.94.

InterXion (NYSE:INXN) last released its earnings results on Wednesday, August 7th. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.05). The business had revenue of $158.48 million for the quarter, compared to analyst estimates of $157.18 million. InterXion had a return on equity of 5.29% and a net margin of 6.00%. InterXion’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.12 earnings per share.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in shares of InterXion by 19.0% in the 1st quarter. Principal Financial Group Inc. now owns 4,141,431 shares of the technology company’s stock valued at $276,358,000 after purchasing an additional 660,439 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of InterXion by 32.0% in the 1st quarter. American Century Companies Inc. now owns 3,824,724 shares of the technology company’s stock valued at $255,224,000 after purchasing an additional 927,985 shares in the last quarter. Centersquare Investment Management LLC raised its holdings 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. Wells Fargo & Company MN raised its holdings in shares of InterXion by 135.3% in the 2nd quarter. Wells Fargo & Company MN now owns 2,249,738 shares of the technology company’s stock valued at $171,183,000 after purchasing an additional 1,293,785 shares in the last quarter. Finally, Wasatch Advisors Inc. raised its holdings in shares of InterXion by 28.9% in the 2nd quarter. Wasatch Advisors Inc. now owns 2,087,458 shares of the technology company’s stock valued at $158,835,000 after purchasing an additional 468,646 shares in the last quarter. Institutional investors and hedge funds own 89.84% 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, 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.

See Also: What is Net Asset Value (NAV)?

Earnings History and Estimates for InterXion (NYSE:INXN)

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