Key Points
- Equinix director Christopher Paisley sold 125 shares on May 18 at an average price of $1,060.29, totaling about $132,536. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Equinix reported strong quarterly earnings, posting $10.79 EPS versus analyst estimates of $4.30, though revenue of $2.44 billion came in slightly below expectations. The company also raised FY 2026 guidance to 42.31-43.11 EPS.
- The company declared a quarterly dividend of $5.16 per share, payable June 17, which annualizes to $20.64 per share and a 2.0% yield. However, the payout ratio is high at 142.84%.
Equinix, Inc. (NASDAQ:EQIX - Get Free Report) Director Christopher Paisley sold 125 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $1,060.29, for a total transaction of $132,536.25. Following the transaction, the director owned 17,557 shares of the company's stock, valued at approximately $18,615,511.53. This represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Equinix Trading Down 1.3%
Equinix stock opened at $1,048.43 on Wednesday. The firm has a 50-day moving average of $1,030.84 and a 200-day moving average of $891.04. Equinix, Inc. has a one year low of $710.52 and a one year high of $1,128.68. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market cap of $103.40 billion, a price-to-earnings ratio of 72.56, a P/E/G ratio of 2.00 and a beta of 1.01.
Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, topping analysts' consensus estimates of $4.30 by $6.49. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the business posted $9.67 EPS. The company's quarterly revenue was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, equities analysts expect that Equinix, Inc. will post 37.72 earnings per share for the current fiscal year.
Equinix Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th will be paid a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Wednesday, May 20th. Equinix's dividend payout ratio is currently 142.84%.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Douglas Lane & Associates LLC raised its holdings in Equinix by 3.9% in the 4th quarter. Douglas Lane & Associates LLC now owns 112,030 shares of the financial services provider's stock valued at $85,833,000 after acquiring an additional 4,241 shares during the period. JPMorgan Chase & Co. raised its holdings in Equinix by 25.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,875,355 shares of the financial services provider's stock valued at $2,252,094,000 after acquiring an additional 588,967 shares during the period. Chilton Capital Management LLC raised its holdings in Equinix by 5.1% in the 3rd quarter. Chilton Capital Management LLC now owns 36,908 shares of the financial services provider's stock valued at $28,908,000 after acquiring an additional 1,805 shares during the period. Foresight Group Ltd Liability Partnership raised its holdings in Equinix by 10.0% in the 3rd quarter. Foresight Group Ltd Liability Partnership now owns 26,139 shares of the financial services provider's stock valued at $20,425,000 after acquiring an additional 2,378 shares during the period. Finally, Penserra Capital Management LLC grew its position in shares of Equinix by 29.9% during the 3rd quarter. Penserra Capital Management LLC now owns 12,761 shares of the financial services provider's stock worth $9,994,000 after purchasing an additional 2,941 shares in the last quarter. 94.94% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. Scotiabank increased their price objective on shares of Equinix from $1,050.00 to $1,120.00 and gave the stock a "sector perform" rating in a research note on Thursday, April 30th. Barclays upped their target price on shares of Equinix from $1,020.00 to $1,109.00 and gave the company an "equal weight" rating in a report on Thursday, April 16th. Wells Fargo & Company upped their target price on shares of Equinix from $975.00 to $1,200.00 and gave the company an "overweight" rating in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $1,207.00 target price on shares of Equinix in a report on Tuesday, May 5th. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $1,200.00 target price on shares of Equinix in a report on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $1,143.60.
Get Our Latest Analysis on Equinix
About Equinix
(
Get Free Report)
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.
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