Equinix (NASDAQ:EQIX) Announces Earnings Results

Equinix (NASDAQ:EQIX) issued its earnings results on Wednesday. The financial services provider reported $7.92 EPS for the quarter, beating 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

Shares of Equinix stock traded down $8.44 during trading on Wednesday, hitting $935.20. 518,324 shares of the stock were exchanged, compared to its average volume of 490,961. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.12. The company has a fifty day moving average price of $937.53 and a 200-day moving average price of $894.48. The stock has a market capitalization of $90.24 billion, a price-to-earnings ratio of 84.33, a price-to-earnings-growth ratio of 2.23 and a beta of 0.72. Equinix has a 1-year low of $684.14 and a 1-year high of $994.03.

Equinix Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be given a dividend of $4.69 per share. This is a positive change 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 153.65%.

Analyst Upgrades and Downgrades

EQIX has been the topic of several analyst reports. Barclays increased their target price on Equinix from $810.00 to $822.00 and gave the company an “equal weight” rating in a research note on Monday, November 18th. Wells Fargo & Company decreased their target price on 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. Scotiabank raised their price target on Equinix from $985.00 to $1,114.00 and gave the stock a “sector outperform” rating in a research report on Thursday, January 23rd. JMP Securities reissued a “market outperform” rating and set a $1,200.00 target price on shares of Equinix in a research note on Thursday, February 6th. Finally, Stifel Nicolaus raised their target price on shares of Equinix from $995.00 to $1,080.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $996.06.

Insider Activity at Equinix

In other Equinix news, CFO Keith D. Taylor sold 1,500 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $971.18, for a total transaction of $1,456,770.00. Following the completion of the sale, the chief financial officer now owns 18,966 shares of the company’s stock, valued at $18,419,399.88. This trade represents a 7.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christopher B. Paisley sold 100 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $891.00, for a total transaction of $89,100.00. Following the completion of the transaction, the director now owns 17,794 shares in the company, valued at approximately $15,854,454. This represents a 0.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,801 shares of company stock worth $15,530,564. Insiders own 0.27% of the company’s stock.

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.