Wall Street analysts expect Netflix, Inc. (NASDAQ:NFLX) to announce earnings per share (EPS) of $0.16 for the current fiscal quarter, Zacks Investment Research reports. Thirteen analysts have provided estimates for Netflix’s earnings. The highest EPS estimate is $0.22 and the lowest is $0.08. Netflix reported earnings per share of $0.09 during the same quarter last year, which indicates a positive year-over-year growth rate of 77.8%. The business is scheduled to issue its next quarterly earnings results on Monday, July 17th.

On average, analysts expect that Netflix will report full-year earnings of $1.05 per share for the current fiscal year, with EPS estimates ranging from $0.92 to $1.28. For the next fiscal year, analysts anticipate that the company will post earnings of $1.95 per share, with EPS estimates ranging from $1.50 to $2.27. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Netflix.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, April 17th. The Internet television network reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.03. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Netflix had a return on equity of 7.51% and a net margin of 2.11%. The business’s revenue for the quarter was up 34.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 EPS.

A number of research analysts have recently weighed in on NFLX shares. MKM Partners reissued a “buy” rating and set a $175.00 price objective (up from $165.00) on shares of Netflix in a research note on Tuesday, January 31st. Loop Capital reissued a “buy” rating and set a $159.00 price objective on shares of Netflix in a research note on Saturday, January 28th. Zacks Investment Research raised shares of Netflix from a “hold” rating to a “buy” rating and set a $159.00 price objective for the company in a research note on Tuesday, February 21st. JPMorgan Chase & Co. reissued a “buy” rating and set a $175.00 price objective on shares of Netflix in a research note on Tuesday, March 14th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $175.00 price objective on shares of Netflix in a research note on Tuesday, March 14th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $146.42.

In related news, CEO Reed Hastings sold 101,815 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $157.13, for a total transaction of $15,998,190.95. Following the completion of the sale, the chief executive officer now directly owns 101,815 shares of the company’s stock, valued at approximately $15,998,190.95. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel David A. Hyman sold 14,021 shares of the company’s stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $150.00, for a total transaction of $2,103,150.00. Following the sale, the general counsel now directly owns 41,629 shares of the company’s stock, valued at $6,244,350. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 385,587 shares of company stock valued at $57,493,358. 4.90% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the company. Capital Research Global Investors increased its stake in shares of Netflix by 3.6% in the third quarter. Capital Research Global Investors now owns 51,745,376 shares of the Internet television network’s stock worth $5,099,507,000 after buying an additional 1,777,574 shares during the period. Vanguard Group Inc. increased its stake in shares of Netflix by 3.5% in the first quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network’s stock worth $4,014,680,000 after buying an additional 921,283 shares during the period. FMR LLC increased its stake in shares of Netflix by 6.6% in the first quarter. FMR LLC now owns 21,027,506 shares of the Internet television network’s stock worth $3,108,076,000 after buying an additional 1,305,294 shares during the period. State Street Corp increased its stake in shares of Netflix by 2.7% in the first quarter. State Street Corp now owns 17,535,737 shares of the Internet television network’s stock worth $2,591,946,000 after buying an additional 463,143 shares during the period. Finally, Jennison Associates LLC increased its stake in shares of Netflix by 21.4% in the first quarter. Jennison Associates LLC now owns 12,947,211 shares of the Internet television network’s stock worth $1,913,727,000 after buying an additional 2,279,835 shares during the period. 80.42% of the stock is owned by institutional investors and hedge funds.

Shares of Netflix (NASDAQ:NFLX) traded down 0.17% on Wednesday, hitting $157.68. The stock had a trading volume of 1,706,050 shares. The company’s 50 day moving average is $151.20 and its 200 day moving average is $137.78. The stock has a market cap of $67.96 billion, a PE ratio of 203.98 and a beta of 1.27. Netflix has a one year low of $84.50 and a one year high of $161.78.

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Netflix Company Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

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