William Blair Weighs in on InterXion Holding NV’s Q1 2018 Earnings (NYSE:INXN)

InterXion Holding NV (NYSE:INXN) – Equities research analysts at William Blair issued their Q1 2018 earnings per share (EPS) estimates for shares of InterXion in a research note issued on Wednesday, according to Zacks Investment Research. William Blair analyst J. Breen expects that the technology company will post earnings of $0.22 per share for the quarter. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for InterXion’s Q2 2018 earnings at $0.24 EPS, Q3 2018 earnings at $0.25 EPS and FY2019 earnings at $1.22 EPS.

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

INXN has been the subject of several other research reports. Barclays upped their price target on shares of InterXion from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Thursday, March 8th. SunTrust Banks restated a “buy” rating and set a $68.00 price target on shares of InterXion in a research report on Thursday, December 7th. Zacks Investment Research upgraded shares of InterXion from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a report on Wednesday, January 3rd. TheStreet downgraded shares of InterXion from a “b-” rating to a “c+” rating in a report on Thursday, March 1st. Finally, Guggenheim set a $69.00 price objective on shares of InterXion and gave the company a “buy” rating in a report on Thursday, March 8th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $65.45.

Shares of INXN traded down $1.36 during mid-day trading on Friday, hitting $60.75. 405,200 shares of the company were exchanged, compared to its average volume of 577,953. InterXion has a 1-year low of $39.00 and a 1-year high of $64.00. The company has a quick ratio of 0.72, a current ratio of 0.63 and a debt-to-equity ratio of 1.21. The company has a market cap of $4,430.12, a PE ratio of 88.04, a price-to-earnings-growth ratio of 5.09 and a beta of 0.68.

A number of hedge funds have recently added to or reduced their stakes in INXN. American Century Companies Inc. purchased a new stake in shares of InterXion in the fourth quarter valued at about $50,818,000. Wasatch Advisors Inc. acquired a new position in shares of InterXion in the third quarter valued at approximately $32,552,000. Westfield Capital Management Co. LP raised its position in shares of InterXion by 49.6% in the third quarter. Westfield Capital Management Co. LP now owns 1,174,316 shares of the technology company’s stock valued at $59,808,000 after buying an additional 389,315 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of InterXion by 7.0% in the third quarter. Principal Financial Group Inc. now owns 3,870,675 shares of the technology company’s stock valued at $197,134,000 after buying an additional 253,658 shares during the last quarter. Finally, Deutsche Bank AG increased its position in InterXion by 8.7% during 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 last quarter. Institutional investors own 91.50% of the company’s stock.

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About InterXion

InterXion Holding N.V. is a provider of carrier and cloud neutral colocation data center services in Europe. The Company operates through two segments: France, Germany, The Netherlands and UK, and rest of Europe, which consists of its operations in Austria, Belgium, Denmark, Ireland, Spain, Sweden and Switzerland.

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