Equinix (NASDAQ:EQIX – Get Free Report) is scheduled to release its earnings data after the market closes on Wednesday, October 30th. Analysts expect Equinix to post earnings of $7.70 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Equinix (NASDAQ:EQIX – Get Free Report) last released its earnings results on Wednesday, August 7th. The financial services provider reported $3.16 earnings per share for the quarter, missing analysts’ consensus estimates of $7.88 by ($4.72). The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. Equinix had a return on equity of 8.46% and a net margin of 12.24%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $8.04 EPS. On average, analysts expect Equinix to post $31 EPS for the current fiscal year and $33 EPS for the next fiscal year.

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Equinix Stock Performance

NASDAQ:EQIX opened at $912.62 on Tuesday. The business has a 50 day moving average of $863.21 and a 200 day moving average of $802.33. The company has a market capitalization of $86.61 billion, a price-to-earnings ratio of 91.54, a PEG ratio of 2.11 and a beta of 0.71. Equinix has a 1-year low of $684.14 and a 1-year high of $943.02. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.22 and a quick ratio of 1.22.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 21st were paid a $4.26 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $17.04 dividend on an annualized basis and a yield of 1.87%. Equinix’s dividend payout ratio (DPR) is currently 170.91%.

Analyst Upgrades and Downgrades

EQIX has been the topic of a number of analyst reports. Hsbc Global Res raised Equinix from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. HSBC raised Equinix from a “hold” rating to a “buy” rating and lifted their price target for the stock from $865.00 to $1,000.00 in a research note on Friday, October 4th. Truist Financial lifted their price target on Equinix from $915.00 to $935.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Evercore ISI lifted their price target on Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Cfra reaffirmed a “hold” rating on shares of Equinix in a research note on Tuesday, September 24th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $927.67.

View Our Latest Stock Analysis on EQIX

Insider Activity at Equinix

In other Equinix news, CAO Simon Miller sold 569 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $820.91, for a total value of $467,097.79. Following the sale, the chief accounting officer now directly owns 5,554 shares of the company’s stock, valued at approximately $4,559,334.14. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Equinix news, EVP Jonathan Lin sold 93 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $820.99, for a total value of $76,352.07. Following the sale, the executive vice president now directly owns 7,141 shares of the company’s stock, valued at approximately $5,862,689.59. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Simon Miller sold 569 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $820.91, for a total value of $467,097.79. Following the completion of the sale, the chief accounting officer now directly owns 5,554 shares in the company, valued at $4,559,334.14. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,906 shares of company stock worth $9,071,764 over the last ninety days. 0.27% of the stock is owned by corporate insiders.

Equinix Company Profile

(Get Free Report)

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.

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