Zacks Research Brokers Reduce Earnings Estimates for Equinix

Equinix, Inc. (NASDAQ:EQIX) – Zacks Research cut their Q4 2024 earnings per share (EPS) estimates for Equinix in a report issued on Wednesday, November 20th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings per share of $6.97 for the quarter, down from their prior estimate of $7.27. The consensus estimate for Equinix’s current full-year earnings is $31.05 per share. Zacks Research also issued estimates for Equinix’s Q1 2025 earnings at $8.20 EPS, Q2 2025 earnings at $8.34 EPS, Q3 2025 earnings at $8.33 EPS, Q4 2025 earnings at $8.58 EPS, FY2025 earnings at $33.46 EPS, Q1 2026 earnings at $8.57 EPS, Q2 2026 earnings at $8.93 EPS, Q3 2026 earnings at $9.13 EPS and FY2026 earnings at $36.23 EPS.

A number of other brokerages have also issued reports on EQIX. Truist Financial upped their price objective on shares of Equinix from $915.00 to $935.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Wells Fargo & Company raised their price target on shares of Equinix from $875.00 to $975.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. HSBC upgraded Equinix from a “hold” rating to a “buy” rating and upped their price objective for the company from $865.00 to $1,000.00 in a report on Friday, October 4th. TD Cowen raised their target price on Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, BMO Capital Markets lifted their target price on Equinix from $975.00 to $1,020.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $952.88.

Equinix Stock Up 1.4 %

Shares of EQIX opened at $936.37 on Monday. Equinix has a 52-week low of $684.14 and a 52-week high of $943.02. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12. The stock has a fifty day simple moving average of $891.74 and a two-hundred day simple moving average of $826.40. The company has a market capitalization of $90.35 billion, a PE ratio of 84.43, a price-to-earnings-growth ratio of 2.38 and a beta of 0.71.

Institutional Investors Weigh In On Equinix

Hedge funds and other institutional investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Equinix in the second quarter valued at $30,000. LRI Investments LLC acquired a new stake in shares of Equinix during the 1st quarter worth about $31,000. GHP Investment Advisors Inc. lifted its stake in Equinix by 50.0% during the third quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 13 shares during the last quarter. Fortitude Family Office LLC boosted its holdings in Equinix by 50.0% in the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 13 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in Equinix in the second quarter valued at approximately $36,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Equinix

In related news, EVP Scott Crenshaw sold 1,107 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $815.60, for a total transaction of $902,869.20. Following the sale, the executive vice president now directly owns 4 shares in the company, valued at approximately $3,262.40. This represents a 99.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Simon Miller sold 569 shares of Equinix stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $820.91, for a total transaction of $467,097.79. Following the completion of the transaction, the chief accounting officer now owns 5,554 shares of the company’s stock, valued at $4,559,334.14. This represents a 9.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,754 shares of company stock valued at $11,666,756 in the last 90 days. Company insiders own 0.27% of the company’s stock.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $4.26 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $17.04 dividend on an annualized basis and a yield of 1.82%. Equinix’s dividend payout ratio (DPR) is presently 153.65%.

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.