Equinix (EQIX) Projected to Post Earnings on Wednesday

Equinix (NASDAQ:EQIX - Get Free Report) is projected to release its Q1 2025 earnings data after the market closes on Wednesday, April 30th. Analysts expect Equinix to post earnings of $9.01 per share and revenue of $2.23 billion for the quarter. Equinix has set its Q1 2025 guidance at EPS and its FY 2025 guidance at 36.690-37.510 EPS.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share for the quarter, beating the consensus estimate of $2.75 by $5.17. Equinix had a net margin of 9.32% and a return on equity of 6.31%. On average, analysts expect Equinix to post $33 EPS for the current fiscal year and $36 EPS for the next fiscal year.

Equinix Stock Up 2.3 %

Shares of NASDAQ EQIX opened at $791.12 on Wednesday. The firm's 50-day moving average is $841.89 and its two-hundred day moving average is $896.22. The company has a market capitalization of $77.39 billion, a PE ratio of 92.53, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. Equinix has a 12-month low of $684.14 and a 12-month high of $994.03. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.63 and a quick ratio of 1.63.

Equinix Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were issued a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date was Wednesday, February 26th. This is a boost from Equinix's previous quarterly dividend of $4.26. Equinix's dividend payout ratio is 219.42%.

Insider Buying and Selling at Equinix

In other Equinix news, insider Kurt Pletcher sold 215 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $929.73, for a total value of $199,891.95. Following the completion of the sale, the insider now owns 1,245 shares of the company's stock, valued at $1,157,513.85. This trade represents a 14.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher B. Paisley sold 125 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $912.21, for a total transaction of $114,026.25. Following the transaction, the director now directly owns 17,669 shares in the company, valued at approximately $16,117,838.49. The trade was a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,040 shares of company stock valued at $6,547,068 over the last three months. 0.27% of the stock is owned by company insiders.

Institutional Trading of Equinix

An institutional investor recently raised its position in Equinix stock. Brighton Jones LLC boosted its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 28.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 326 shares of the financial services provider's stock after purchasing an additional 73 shares during the quarter. Brighton Jones LLC's holdings in Equinix were worth $307,000 at the end of the most recent quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EQIX. Wolfe Research upgraded Equinix from a "peer perform" rating to an "outperform" rating and set a $978.00 price objective on the stock in a research report on Thursday, March 27th. Citizens Jmp raised shares of Equinix to a "strong-buy" rating in a research note on Monday, January 27th. Scotiabank decreased their target price on shares of Equinix from $1,040.00 to $1,030.00 and set a "sector outperform" rating on the stock in a research report on Tuesday. Truist Financial cut their price target on Equinix from $1,028.00 to $990.00 and set a "buy" rating for the company in a report on Monday, March 10th. Finally, Wells Fargo & Company decreased their price objective on Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $1,004.94.

Equinix Company Profile

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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