Equinix (NASDAQ:EQIX) Posts Quarterly Earnings Results, Beats Expectations By $6.42 EPS

Key Points

• Equinix (NASDAQ:EQIX) reported a quarterly EPS of $9.91, significantly exceeding the consensus estimate of $3.49, with revenue increasing by 4.5% compared to the same quarter last year.
• The company announced a quarterly dividend of $4.69, resulting in an annualized dividend yield of 2.35%, despite a high payout ratio of 195.01%.
• Insider selling activity was noted, with CEO Adaire Fox-Martin selling 2,949 shares and reducing her position by 23.47%, amid ongoing analyst ratings that typically suggest a buy sentiment for the stock.

Equinix (NASDAQ:EQIX - Get Free Report) posted its quarterly earnings data on Wednesday. The financial services provider reported $9.91 earnings per share for the quarter, beating the consensus estimate of $3.49 by $6.42, Zacks reports. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%. The company's revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $9.22 earnings per share. Equinix updated its Q3 2025 guidance to EPS and its FY 2025 guidance to 37.670-38.480 EPS.

Equinix Stock Performance

Equinix stock traded down $13.42 during mid-day trading on Friday, hitting $771.75. 500,622 shares of the company's stock traded hands, compared to its average volume of 565,603. The firm has a 50 day moving average price of $831.20 and a 200 day moving average price of $853.72. The company has a quick ratio of 1.65, a current ratio of 1.54 and a debt-to-equity ratio of 1.29. The company has a market cap of $75.49 billion, a PE ratio of 75.59, a price-to-earnings-growth ratio of 1.45 and a beta of 0.93. Equinix has a one year low of $701.41 and a one year high of $994.03.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th will be paid a dividend of $4.69 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $18.76 annualized dividend and a yield of 2.4%. Equinix's payout ratio is presently 183.74%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EQIX. Wolfe Research cut Equinix from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 9th. BMO Capital Markets cut Equinix from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $1,045.00 to $850.00 in a research note on Thursday, June 26th. Wells Fargo & Company cut their price target on Equinix from $1,065.00 to $925.00 and set an "overweight" rating for the company in a research note on Thursday, June 26th. Guggenheim initiated coverage on Equinix in a research report on Thursday, July 10th. They issued a "buy" rating and a $933.00 price objective for the company. Finally, UBS Group cut their price objective on Equinix from $1,035.00 to $950.00 and set a "buy" rating for the company in a research report on Friday, July 11th. Five analysts have rated the stock with a hold rating, twenty have assigned a buy rating and five have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $957.27.

Insider Buying and Selling at Equinix

In other Equinix news, Director Christopher B. Paisley sold 100 shares of Equinix stock in a transaction on Friday, May 16th. The stock was sold at an average price of $869.41, for a total transaction of $86,941.00. Following the sale, the director owned 17,569 shares of the company's stock, valued at $15,274,664.29. The trade was a 0.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kurt Pletcher sold 127 shares of the business's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $877.70, for a total value of $111,467.90. Following the completion of the sale, the insider directly owned 1,842 shares in the company, valued at $1,616,723.40. This represents a 6.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,176 shares of company stock valued at $2,808,008 in the last quarter. Corporate insiders own 0.27% of the company's stock.

Institutional Investors Weigh In On Equinix

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Brighton Jones LLC grew its holdings in shares of Equinix by 28.9% during the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider's stock valued at $307,000 after buying an additional 73 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Equinix by 11.5% during the first quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider's stock valued at $425,000 after buying an additional 54 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Equinix by 21.8% during the first quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider's stock valued at $2,487,000 after buying an additional 546 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

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.