Equinix, Inc. (NASDAQ:EQIX) – Equities research analysts at Oppenheimer issued their Q1 2018 earnings per share (EPS) estimates for Equinix in a note issued to investors on Thursday. Oppenheimer analyst T. Horan anticipates that the financial services provider will earn $4.56 per share for the quarter. Oppenheimer currently has a “Outperform” rating and a $525.00 price objective on the stock. Oppenheimer also issued estimates for Equinix’s Q2 2018 earnings at $4.78 EPS, Q3 2018 earnings at $5.00 EPS and Q4 2018 earnings at $5.06 EPS.
A number of other research analysts also recently commented on the stock. Credit Suisse Group set a $524.00 price objective on shares of Equinix and gave the company an “outperform” rating in a research report on Wednesday, January 17th. Cowen reissued a “buy” rating and issued a $482.00 price objective on shares of Equinix in a research report on Friday, November 10th. BidaskClub downgraded shares of Equinix from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Barclays reissued a “buy” rating and issued a $517.00 price objective on shares of Equinix in a research report on Friday, January 19th. Finally, JPMorgan Chase & Co. raised shares of Equinix from a “neutral” rating to an “overweight” rating and set a $550.00 price objective for the company in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-one have issued a buy rating to the company. Equinix presently has an average rating of “Buy” and a consensus price target of $499.00.
Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $3.87 by ($3.05). Equinix had a net margin of 5.33% and a return on equity of 6.54%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the business earned $4.08 EPS. The business’s revenue was up 27.3% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Monday, February 26th will be paid a $2.28 dividend. This is a boost from Equinix’s previous quarterly dividend of $2.00. The ex-dividend date is Friday, February 23rd. This represents a $9.12 annualized dividend and a yield of 2.30%. Equinix’s payout ratio is 267.56%.
In other Equinix news, insider Michael Earl Campbell sold 200 shares of Equinix stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $462.43, for a total value of $92,486.00. Following the completion of the sale, the insider now owns 925 shares in the company, valued at approximately $427,747.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephen M. Smith sold 10,706 shares of Equinix stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $443.10, for a total transaction of $4,743,828.60. The disclosure for this sale can be found here. Insiders sold a total of 27,745 shares of company stock valued at $12,259,835 in the last quarter. Corporate insiders own 0.58% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Whittier Trust Co. raised its position in shares of Equinix by 191.5% in the 4th quarter. Whittier Trust Co. now owns 239 shares of the financial services provider’s stock valued at $108,000 after buying an additional 157 shares in the last quarter. Zions Bancorporation raised its position in shares of Equinix by 2,550.0% in the 3rd quarter. Zions Bancorporation now owns 265 shares of the financial services provider’s stock valued at $118,000 after buying an additional 255 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new position in shares of Equinix in the 4th quarter valued at approximately $121,000. Truewealth LLC acquired a new position in shares of Equinix in the 4th quarter valued at approximately $137,000. Finally, Amica Retiree Medical Trust acquired a new position in shares of Equinix in the 3rd quarter valued at approximately $188,000. Institutional investors and hedge funds own 94.81% of the company’s stock.
Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.
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