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

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

Equinix Stock Performance

Equinix stock traded down $8.44 during mid-day trading on Wednesday, reaching $935.20. 518,324 shares of the company’s stock were exchanged, compared to its average volume of 490,961. The business’s fifty day simple moving average is $937.53 and its 200 day simple moving average is $894.48. 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 has a one year low of $684.14 and a one year high of $994.03. The firm has a market capitalization of $90.24 billion, a PE ratio of 84.33, a P/E/G ratio of 2.23 and a beta of 0.72.

Equinix Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be issued a $4.69 dividend. This is a positive change from Equinix’s previous quarterly dividend of $4.26. This represents a $18.76 annualized dividend and a dividend yield of 2.01%. Equinix’s dividend payout ratio is currently 153.65%.

Wall Street Analysts Forecast Growth

EQIX has been the topic of a number of recent analyst reports. Moffett Nathanson upgraded Equinix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. JMP Securities reissued a “market outperform” rating and issued a $1,200.00 target price on shares of Equinix in a report on Thursday, February 6th. Barclays upped their price target on shares of Equinix from $810.00 to $822.00 and gave the stock an “equal weight” rating in a report on Monday, November 18th. Evercore ISI lifted their price target on Equinix from $945.00 to $975.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Truist Financial upped their price objective on shares of Equinix from $935.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, November 29th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $996.06.

Insider Buying and Selling at Equinix

In related news, CEO Adaire Fox-Martin sold 2,965 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $961.62, for a total transaction of $2,851,203.30. Following the completion of the transaction, the chief executive officer now owns 3,069 shares in the company, valued at approximately $2,951,211.78. This represents a 49.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Raouf Abdel sold 1,331 shares of Equinix stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $903.71, for a total transaction of $1,202,838.01. Following the completion of the sale, the executive vice president now directly owns 6,579 shares in the company, valued at approximately $5,945,508.09. This represents a 16.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,801 shares of company stock worth $15,530,564 in the last quarter. 0.27% of the stock is currently owned by company insiders.

About Equinix

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.