Netflix, Inc. (NASDAQ:NFLX) is scheduled to be posting its quarterly earnings results after the market closes on Monday, July 17th. Analysts expect Netflix to post earnings of $0.16 per share for the quarter.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, April 17th. The Internet television network reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.03. Netflix had a net margin of 3.55% and a return on equity of 12.73%. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same period last year, the firm earned $0.06 EPS. The business’s quarterly revenue was up 34.7% compared to the same quarter last year. On average, analysts expect Netflix to post $1.05 EPS for the current fiscal year and $1.94 EPS for the next fiscal year.

Shares of Netflix, Inc. (NASDAQ NFLX) traded down 0.34% on Thursday, reaching $158.21. 6,700,052 shares of the company’s stock traded hands. The firm’s 50-day moving average is $157.80 and its 200-day moving average is $144.87. The stock has a market cap of $68.19 billion, a price-to-earnings ratio of 204.67 and a beta of 0.98. Netflix, Inc. has a 52-week low of $84.50 and a 52-week high of $166.87. Netflix also was the target of unusually large options trading activity on Wednesday. Traders acquired 41,834 put options on the company. This represents an increase of 108% compared to the typical volume of 20,128 put options.

In related news, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $145.38, for a total value of $290,760.00. Following the sale, the director now directly owns 8,012 shares in the company, valued at approximately $1,164,784.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard N. Barton sold 1,000 shares of the business’s stock in a transaction dated Tuesday, April 18th. The shares were sold at an average price of $147.39, for a total transaction of $147,390.00. Following the completion of the sale, the director now owns 8,012 shares in the company, valued at $1,180,888.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 421,458 shares of company stock worth $64,206,893. 4.90% of the stock is owned by insiders.

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A number of research firms have weighed in on NFLX. Loop Capital upped their price target on shares of Netflix from $162.00 to $172.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 19th. Morgan Stanley restated an “overweight” rating and set a $185.00 target price (up previously from $175.00) on shares of Netflix in a research report on Thursday. Zacks Investment Research upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $173.00 target price for the company in a research report on Thursday. Cantor Fitzgerald restated an “overweight” rating and set a $190.00 target price on shares of Netflix in a research report on Thursday. Finally, Needham & Company LLC restated a “hold” rating on shares of Netflix in a research report on Tuesday, April 18th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-eight have issued a buy rating to the company. Netflix presently has an average rating of “Buy” and a consensus target price of $149.48.

About Netflix

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.

Earnings History for Netflix (NASDAQ:NFLX)

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