Equinix, Inc. (EQIX) To Go Ex-Dividend on August 19th

Equinix, Inc. (NASDAQ:EQIX) announced a quarterly dividend on Wednesday, July 29th. Stockholders of record on Wednesday, August 19th will be given a dividend of 5.16 per share by the financial services provider on Wednesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, August 19th.

Equinix has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 10 years. Equinix has a dividend payout ratio of 130.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Equinix to earn $42.48 per share next year, which means the company should continue to be able to cover its $20.64 annual dividend with an expected future payout ratio of 48.6%.

Equinix Price Performance

Shares of NASDAQ:EQIX opened at $1,102.10 on Monday. The firm has a market capitalization of $108.74 billion, a PE ratio of 70.97, a price-to-earnings-growth ratio of 1.56 and a beta of 0.99. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. Equinix has a 52-week low of $720.62 and a 52-week high of $1,128.68. The firm has a fifty day moving average of $1,049.70 and a 200 day moving average of $1,014.65.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, beating analysts’ consensus estimates of $4.73 by $7.05. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter last year, the business posted $9.91 earnings per share. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. As a group, research analysts anticipate that Equinix will post 38.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EQIX. Oppenheimer reissued an “outperform” rating and set a $1,200.00 price objective on shares of Equinix in a report on Thursday, April 30th. Weiss Ratings raised Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. TD Cowen increased their price target on shares of Equinix from $1,143.00 to $1,166.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Scotiabank reissued a “sector perform” rating and set a $1,208.00 price target on shares of Equinix in a research note on Thursday, July 30th. Finally, Cantor Fitzgerald boosted their price objective on shares of Equinix from $1,186.00 to $1,211.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Equinix has a consensus rating of “Moderate Buy” and a consensus price target of $1,202.20.

Equinix Company Profile

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.