InterXion (NYSE:INXN) posted its quarterly earnings data on Thursday. The technology company reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.04), MarketWatch Earnings reports. InterXion had a net margin of 4.77% and a return on equity of 5.60%. The company had revenue of $151.53 million for the quarter, compared to analysts’ expectations of $151.09 million. During the same period in the previous year, the firm earned $0.17 earnings per share. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. InterXion updated its FY 2019 guidance to EPS.
INXN traded down $0.73 on Friday, hitting $70.25. 1,048,132 shares of the company’s stock traded hands, compared to its average volume of 454,636. The company has a market capitalization of $5.07 billion, a PE ratio of 106.44, a price-to-earnings-growth ratio of 7.49 and a beta of 1.11. InterXion has a one year low of $50.05 and a one year high of $71.83. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 2.00.
INXN has been the topic of a number of analyst reports. Credit Suisse Group lowered their price objective on InterXion from $70.00 to $69.00 and set an “outperform” rating on the stock in a research report on Thursday, March 7th. Zacks Investment Research cut InterXion from a “hold” rating to a “sell” rating in a research report on Friday, March 8th. CIBC reaffirmed a “market perform” rating on shares of InterXion in a research report on Friday. Oppenheimer cut InterXion from an “outperform” rating to a “market perform” rating in a research report on Friday. Finally, Citigroup cut InterXion from an “outperform” rating to a “market perform” rating in a research report on Friday. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $76.67.
TRADEMARK VIOLATION WARNING: This article was first reported by WKRB News and is the sole property of of WKRB News. If you are reading this article on another publication, it was illegally copied and reposted in violation of international copyright and trademark legislation. The original version of this article can be read at https://www.wkrb13.com/2019/05/11/interxion-inxn-posts-earnings-results-misses-estimates-by-0-04-eps.html.
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.
Receive News & Ratings for InterXion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InterXion and related companies with MarketBeat.com's FREE daily email newsletter.