Equinix (NASDAQ:EQIX) Posts Earnings Results, Beats Estimates By $5.17 EPS

Equinix (NASDAQ:EQIX) posted its quarterly earnings results on Wednesday. The financial services provider reported $7.92 EPS for the quarter, topping the consensus estimate of $2.75 by $5.17, Zacks reports. Equinix had a net margin of 12.29% and a return on equity of 8.34%. Equinix updated its Q1 2025 guidance to EPS and its FY 2025 guidance to 36.690-37.510 EPS.

Equinix Stock Performance

EQIX opened at $935.20 on Thursday. Equinix has a 12-month low of $684.14 and a 12-month high of $994.03. The firm has a market capitalization of $90.24 billion, a P/E ratio of 84.33, a price-to-earnings-growth ratio of 2.23 and a beta of 0.72. The stock’s 50 day moving average price is $936.92 and its two-hundred day moving average price is $894.76. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12.

Equinix Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be paid a dividend of $4.69 per share. This is an increase from Equinix’s previous quarterly dividend of $4.26. This represents a $18.76 annualized dividend and a yield of 2.01%. Equinix’s dividend payout ratio is presently 153.65%.

Insider Activity

In other news, Chairman Charles J. Meyers sold 5,788 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $909.81, for a total transaction of $5,265,980.28. Following the completion of the transaction, the chairman now owns 15,233 shares of the company’s stock, valued at approximately $13,859,135.73. This represents a 27.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher B. Paisley sold 100 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $891.00, for a total value of $89,100.00. Following the transaction, the director now owns 17,794 shares in the company, valued at $15,854,454. This represents a 0.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,801 shares of company stock valued at $15,530,564. 0.27% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on EQIX shares. Wells Fargo & Company decreased their target price on shares of Equinix from $1,100.00 to $1,075.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Evercore ISI boosted their target price on Equinix from $945.00 to $975.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. TD Cowen upped their target price on Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. BMO Capital Markets lifted their price target on Equinix from $975.00 to $1,020.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, JMP Securities restated a “market outperform” rating and issued a $1,200.00 price objective on shares of Equinix in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $996.06.

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.