Equinix (EQIX) Scheduled to Post Earnings on Thursday

Equinix (NASDAQ:EQIX) will issue its quarterly earnings data after the market closes on Thursday, November 1st. Analysts expect the company to announce earnings of $4.48 per share for the quarter.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, August 8th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.93 by ($0.08). The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.26 billion. Equinix had a net margin of 5.71% and a return on equity of 7.22%. The business’s revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.80 earnings per share. On average, analysts expect Equinix to post $19 EPS for the current fiscal year and $21 EPS for the next fiscal year.

EQIX stock opened at $376.79 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.60. The company has a market cap of $30.63 billion, a P/E ratio of 20.37, a PEG ratio of 1.27 and a beta of 0.46. Equinix has a 12-month low of $370.79 and a 12-month high of $495.35.

In other news, insider Michael Earl Campbell sold 250 shares of the stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $433.24, for a total value of $108,310.00. Following the completion of the transaction, the insider now owns 1,427 shares of the company’s stock, valued at $618,233.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Keith D. Taylor sold 2,000 shares of the stock in a transaction on Monday, August 27th. The stock was sold at an average price of $431.65, for a total value of $863,300.00. Following the completion of the transaction, the chief financial officer now directly owns 21,141 shares of the company’s stock, valued at approximately $9,125,512.65. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,566 shares of company stock valued at $1,528,778. 0.51% of the stock is owned by company insiders.

A number of research analysts recently commented on the company. BidaskClub downgraded Equinix from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. ValuEngine upgraded Equinix from a “sell” rating to a “hold” rating in a research note on Wednesday, September 12th. Mitsubishi UFJ Financial Group upped their price objective on Equinix to $483.00 and gave the stock an “overweight” rating in a research note on Friday, August 17th. BMO Capital Markets lowered their price objective on Equinix from $526.00 to $521.00 and set a “buy” rating for the company in a research note on Thursday, August 9th. Finally, Jefferies Financial Group restated a “hold” rating and set a $454.00 price objective (down from $460.00) on shares of Equinix in a research note on Tuesday, October 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have given a buy rating to the company’s stock. Equinix currently has a consensus rating of “Buy” and an average price target of $507.76.

About Equinix

Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 52 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 for Equinix (NASDAQ:EQIX)

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