Netflix Inc. (NFLX) Set to Announce Earnings on Monday
Netflix Inc. (NASDAQ:NFLX) is set to announce its Q316 earnings results on Monday, October 17th. Analysts expect the company to announce earnings of $0.06 per share and revenue of $2.28 billion for the quarter.
Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, July 18th. The Internet television network reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.07. The business had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.11 billion. Netflix had a return on equity of 5.59% and a net margin of 1.85%. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.06 EPS. On average, analysts expect Netflix to post $0.28 EPS for the current fiscal year and $0.87 EPS for the next fiscal year.
Netflix Inc. (NASDAQ:NFLX) opened at 100.23 on Friday. The company has a market capitalization of $42.97 billion, a PE ratio of 313.22 and a beta of 1.14. The company has a 50-day moving average price of $98.81 and a 200 day moving average price of $96.40. Netflix Inc. has a 52-week low of $79.95 and a 52-week high of $133.27.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/14/netflix-inc-nflx-set-to-announce-earnings-on-monday.html
In other news, CEO Reed Hastings sold 116,431 shares of the firm’s stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $86.59, for a total value of $10,081,760.29. Following the completion of the sale, the chief executive officer now directly owns 116,431 shares in the company, valued at $10,081,760.29. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jay C. Hoag bought 600,000 shares of the stock in a transaction dated Monday, July 25th. The stock was acquired at an average price of $86.43 per share, with a total value of $51,858,000.00. The disclosure for this purchase can be found here. 4.90% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in NFLX. Capital World Investors raised its stake in shares of Netflix by 32.4% in the second quarter. Capital World Investors now owns 6,656,926 shares of the Internet television network’s stock worth $608,976,000 after buying an additional 1,630,881 shares during the period. Janus Capital Management LLC raised its stake in shares of Netflix by 0.4% in the second quarter. Janus Capital Management LLC now owns 3,194,418 shares of the Internet television network’s stock worth $292,225,000 after buying an additional 13,777 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of Netflix by 15.3% in the second quarter. TIAA CREF Investment Management LLC now owns 2,966,367 shares of the Internet television network’s stock worth $271,363,000 after buying an additional 392,615 shares during the period. Winslow Capital Management LLC acquired a new stake in shares of Netflix during the second quarter worth $209,447,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Netflix by 2.9% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,328,332 shares of the Internet television network’s stock worth $121,516,000 after buying an additional 37,838 shares during the period. Institutional investors own 78.43% of the company’s stock.
Several brokerages have issued reports on NFLX. Royal Bank Of Canada reissued an “outperform” rating and issued a $140.00 price objective on shares of Netflix in a research note on Tuesday, June 28th. Jefferies Group reaffirmed an “underperform” rating and set a $76.00 price target (down previously from $80.00) on shares of Netflix in a research note on Sunday, July 17th. Wedbush reaffirmed an “underperform” rating and set a $50.00 price target (up previously from $45.00) on shares of Netflix in a research note on Sunday, July 17th. SunTrust Banks Inc. reaffirmed a “hold” rating on shares of Netflix in a research note on Sunday, July 17th. Finally, BTIG Research reaffirmed a “buy” rating and set a $130.00 price target (down previously from $150.00) on shares of Netflix in a research note on Sunday, July 17th. Eight analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $110.32.
Netflix, Inc (Netflix) is a provider of Internet television network. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content.
Receive News & Ratings for Netflix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix Inc. and related companies with MarketBeat.com's FREE daily email newsletter.