Brokerages Expect Netflix, Inc. (NFLX) Will Post Earnings of $0.32 Per Share
Analysts predict that Netflix, Inc. (NASDAQ:NFLX) will report $0.32 earnings per share (EPS) for the current quarter, according to Zacks. Thirteen analysts have made estimates for Netflix’s earnings. The lowest EPS estimate is $0.32 and the highest is $0.33. Netflix reported earnings of $0.12 per share in the same quarter last year, which suggests a positive year over year growth rate of 166.7%. The firm is expected to issue its next quarterly earnings report on Monday, October 16th.
According to Zacks, analysts expect that Netflix will report full-year earnings of $1.19 per share for the current year, with EPS estimates ranging from $1.11 to $1.24. For the next fiscal year, analysts expect that the firm will report earnings of $2.04 per share, with EPS estimates ranging from $1.57 to $2.61. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Netflix.
Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by $0.01. The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The business’s quarterly revenue was up 32.3% compared to the same quarter last year. During the same period last year, the company earned $0.09 EPS.
NFLX has been the subject of a number of research reports. MKM Partners reissued a “buy” rating and issued a $175.00 price target on shares of Netflix in a report on Tuesday, April 25th. Vetr downgraded shares of Netflix from a “hold” rating to a “sell” rating and set a $142.74 price target for the company. in a report on Tuesday, April 25th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $170.00 price target on shares of Netflix in a report on Tuesday, May 2nd. UBS AG reissued a “buy” rating and issued a $175.00 price target on shares of Netflix in a report on Monday, May 15th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $141.00 price target on shares of Netflix in a report on Monday, May 22nd. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-eight have given a buy rating to the company’s stock. Netflix has a consensus rating of “Buy” and a consensus target price of $175.12.
In other Netflix news, insider Gregory K. Peters sold 6,853 shares of Netflix stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $164.29, for a total transaction of $1,125,879.37. Following the completion of the transaction, the insider now directly owns 19,943 shares of the company’s stock, valued at $3,276,435.47. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Reed Hastings sold 109,214 shares of Netflix stock in a transaction on Monday, July 24th. The stock was sold at an average price of $188.61, for a total transaction of $20,598,852.54. Following the transaction, the chief executive officer now directly owns 109,214 shares of the company’s stock, valued at $20,598,852.54. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 379,366 shares of company stock valued at $64,083,006. Company insiders own 4.90% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the company. Guardian Life Insurance Co. of America boosted its position in Netflix by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock worth $245,000 after buying an additional 11 shares during the period. Teachers Advisors LLC boosted its position in Netflix by 2.0% in the first quarter. Teachers Advisors LLC now owns 1,300,531 shares of the Internet television network’s stock worth $192,231,000 after buying an additional 25,266 shares during the period. Banco Santander S.A. bought a new position in Netflix during the first quarter worth approximately $43,264,000. Bronfman E.L. Rothschild L.P. boosted its position in Netflix by 0.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,134 shares of the Internet television network’s stock worth $168,000 after buying an additional 9 shares during the period. Finally, Twin Capital Management Inc. boosted its position in Netflix by 0.8% in the first quarter. Twin Capital Management Inc. now owns 16,900 shares of the Internet television network’s stock worth $2,498,000 after buying an additional 130 shares during the period. 82.94% of the stock is owned by hedge funds and other institutional investors.
Netflix (NFLX) opened at 169.34 on Wednesday. The stock has a market cap of $73.11 billion, a price-to-earnings ratio of 206.01 and a beta of 1.02. Netflix has a 12-month low of $93.26 and a 12-month high of $191.50. The company has a 50-day moving average price of $171.32 and a 200 day moving average price of $155.14.
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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