FY2016 EPS Estimates for Netflix Inc. Raised by Analyst (NFLX)
Netflix Inc. (NASDAQ:NFLX) – Research analysts at Oppenheimer Holdings increased their FY2016 EPS estimates for Netflix in a report released on Monday. Oppenheimer Holdings analyst J. Helfstein now expects that the brokerage will post earnings of $0.40 per share for the year, up from their previous estimate of $0.30. Oppenheimer Holdings has a “Outperform” rating and a $114.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Netflix’s Q4 2016 earnings at $0.13 EPS, Q1 2017 earnings at $0.13 EPS, Q2 2017 earnings at $0.22 EPS, Q3 2017 earnings at $0.25 EPS, Q4 2017 earnings at $0.24 EPS and FY2019 earnings at $3.38 EPS.
Several other equities analysts have also weighed in on the company. Jefferies Group restated a “hold” rating and set a $120.00 target price on shares of Netflix in a report on Monday, July 11th. Cowen and Company restated an “outperform” rating and set a $110.00 target price on shares of Netflix in a report on Wednesday, October 12th. Cantor Fitzgerald restated a “buy” rating on shares of Netflix in a report on Sunday, August 14th. FBR & Co restated a “market perform” rating and set a $90.00 target price (down from $104.00) on shares of Netflix in a report on Sunday, July 17th. Finally, Piper Jaffray Cos. restated an “overweight” rating and set a $122.00 target price on shares of Netflix in a report on Tuesday, July 12th. Eight analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $115.73.
Shares of Netflix (NASDAQ:NFLX) traded up 2.43% during mid-day trading on Wednesday, hitting $121.68. The company’s stock had a trading volume of 13,719,201 shares. The company has a market cap of $52.17 billion, a PE ratio of 380.25 and a beta of 1.14. Netflix has a 12-month low of $79.95 and a 12-month high of $133.27. The stock has a 50-day moving average of $99.60 and a 200-day moving average of $96.38.
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Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, October 17th. The Internet television network reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.06. Netflix had a return on equity of 6.45% and a net margin of 1.99%. The firm earned $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the company earned $0.07 EPS. The firm’s revenue was up 31.7% compared to the same quarter last year.
In other news, Director Richard N. Barton sold 1,400 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $93.58, for a total transaction of $131,012.00. Following the completion of the transaction, the director now owns 15,562 shares of the company’s stock, valued at $1,456,291.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Reed Hastings sold 116,431 shares of the firm’s stock in a transaction on Thursday, July 21st. The shares were sold at an average price of $86.59, for a total transaction of $10,081,760.29. Following the transaction, the chief executive officer now directly owns 116,431 shares of the company’s stock, valued at approximately $10,081,760.29. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in NFLX. Cornerstone Advisors Inc. increased its position in Netflix by 25.6% in the second quarter. Cornerstone Advisors Inc. now owns 1,118 shares of the Internet television network’s stock valued at $102,000 after buying an additional 228 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in Netflix during the second quarter valued at about $124,000. Quadrant Capital Group LLC increased its position in Netflix by 15.1% in the second quarter. Quadrant Capital Group LLC now owns 1,475 shares of the Internet television network’s stock valued at $126,000 after buying an additional 194 shares during the last quarter. Coconut Grove Bank increased its position in Netflix by 1.7% in the second quarter. Coconut Grove Bank now owns 1,526 shares of the Internet television network’s stock valued at $140,000 after buying an additional 26 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in Netflix by 15.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,690 shares of the Internet television network’s stock valued at $155,000 after buying an additional 224 shares during the last quarter. 78.41% of the stock is owned by hedge funds and other institutional investors.
Netflix Company Profile
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.
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