Roku, Inc. Expected to Post Q3 2017 Earnings of ($4.07) Per Share (ROKU)
Roku, Inc. (NASDAQ:ROKU) – Equities researchers at William Blair issued their Q3 2017 earnings per share estimates for shares of Roku in a note issued to investors on Monday. William Blair analyst R. Schackart expects that the company will post earnings of ($4.07) per share for the quarter. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Roku’s Q4 2017 earnings at ($0.15) EPS, FY2017 earnings at ($1.32) EPS, Q1 2018 earnings at ($0.24) EPS, Q2 2018 earnings at ($0.22) EPS, Q3 2018 earnings at ($0.20) EPS, Q4 2018 earnings at ($0.01) EPS, FY2018 earnings at ($0.65) EPS, FY2019 earnings at ($0.26) EPS and FY2020 earnings at $0.16 EPS.
A number of other brokerages also recently weighed in on ROKU. Citigroup Inc. began coverage on shares of Roku in a report on Monday. They set a “neutral” rating and a $24.00 target price on the stock. Morgan Stanley began coverage on shares of Roku in a research report on Monday. They issued an “equal weight” rating and a $22.00 target price for the company. CIBC began coverage on shares of Roku in a research report on Monday. They set a “market perform” rating for the company. Oppenheimer Holdings, Inc. began coverage on shares of Roku in a research report on Monday. They set a “market perform” rating and a $26.00 price objective for the company. Finally, Royal Bank Of Canada began coverage on shares of Roku in a research report on Monday. They set a “sector perform” rating and a $26.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $25.20.
Roku (NASDAQ:ROKU) opened at 19.77 on Wednesday. Roku has a 1-year low of $15.75 and a 1-year high of $29.80. The firm has a 50-day moving average of $22.56 and a 200 day moving average of $22.56. The firm’s market cap is $309.76 million.
In related news, major shareholder Mv Management X, L.L.C. sold 6,900,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $14.00, for a total value of $96,600,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
An institutional investor recently bought a new position in Roku stock. Nationwide Fund Advisors acquired a new stake in shares of Roku, Inc. (NASDAQ:ROKU) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 38,020 shares of the company’s stock, valued at approximately $1,009,000. Nationwide Fund Advisors owned approximately 0.24% of Roku at the end of the most recent quarter. 0.13% of the stock is currently owned by institutional investors and hedge funds.
Roku Company Profile
Roku, Inc is a United States-based company engaged in creating streaming platform for delivering entertainment to the television. The Company’s products include Roku 4, Roku 3, Roku 2, Roku 1, Roku Streaming Stick and accessories, such as cables, remote controls, power adapters and headphones. Its Roku streaming players and the Roku Streaming Stick are sold through retailers in the United States, Canada, the United Kingdom, the Republic of Ireland, Mexico and France.
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