InterXion Holding NV (INXN) Expected to Post Quarterly Sales of $148.69 Million

Wall Street analysts predict that InterXion Holding NV (NYSE:INXN) will post sales of $148.69 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for InterXion’s earnings, with the highest sales estimate coming in at $151.63 million and the lowest estimate coming in at $147.55 million. InterXion posted sales of $119.24 million in the same quarter last year, which indicates a positive year over year growth rate of 24.7%. The firm is expected to report its next quarterly earnings report on Wednesday, March 7th.

According to Zacks, analysts expect that InterXion will report full-year sales of $148.69 million for the current financial year, with estimates ranging from $564.46 million to $575.72 million. For the next financial year, analysts expect that the company will report sales of $631.89 million per share, with estimates ranging from $622.80 million to $641.19 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow InterXion.

A number of research firms recently weighed in on INXN. Zacks Investment Research lowered InterXion from a “buy” rating to a “hold” rating in a report on Thursday. SunTrust Banks reissued a “buy” rating and set a $68.00 target price on shares of InterXion in a report on Thursday, December 7th. BidaskClub raised InterXion from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 4th. Citigroup upped their price objective on InterXion from $57.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and issued a $62.00 price objective (up from $54.00) on shares of InterXion in a report on Thursday, November 2nd. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. InterXion has a consensus rating of “Buy” and a consensus price target of $57.70.

Shares of InterXion (NYSE:INXN) traded up $0.52 during trading on Monday, hitting $58.53. The stock had a trading volume of 542,100 shares, compared to its average volume of 631,475. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.22. The company has a market cap of $4,180.00, a PE ratio of 97.55, a P/E/G ratio of 5.95 and a beta of 0.56. InterXion has a one year low of $36.41 and a one year high of $59.31.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Adelante Capital Management LLC lifted its position in shares of InterXion by 0.5% during the 2nd quarter. Adelante Capital Management LLC now owns 56,120 shares of the technology company’s stock valued at $2,569,000 after acquiring an additional 300 shares during the period. Oppenheimer Asset Management Inc. lifted its position in shares of InterXion by 19.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,363 shares of the technology company’s stock valued at $153,000 after acquiring an additional 552 shares during the period. Jacobson & Schmitt Advisors LLC lifted its position in shares of InterXion by 0.6% during the 2nd quarter. Jacobson & Schmitt Advisors LLC now owns 105,119 shares of the technology company’s stock valued at $4,812,000 after acquiring an additional 657 shares during the period. California Public Employees Retirement System lifted its position in shares of InterXion by 1.3% during the 2nd quarter. California Public Employees Retirement System now owns 70,500 shares of the technology company’s stock valued at $3,227,000 after acquiring an additional 900 shares during the period. Finally, Thrivent Financial For Lutherans lifted its position in shares of InterXion by 7.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 14,750 shares of the technology company’s stock valued at $675,000 after acquiring an additional 1,000 shares during the period. 86.45% of the stock is currently owned by hedge funds and other institutional investors.

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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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