Roku, Inc. (NASDAQ:ROKU) – Investment analysts at Oppenheimer Holdings issued their FY2017 earnings per share estimates for shares of Roku in a research note issued on Monday. Oppenheimer Holdings analyst J. Helfstein anticipates that the company will post earnings of ($1.48) per share for the year. Oppenheimer Holdings currently has a “Market Perform” rating and a $26.00 target price on the stock. Oppenheimer Holdings also issued estimates for Roku’s Q4 2017 earnings at ($0.13) EPS, Q1 2018 earnings at ($0.20) EPS, Q2 2018 earnings at ($0.18) EPS, Q3 2018 earnings at ($0.13) EPS, Q4 2018 earnings at $0.04 EPS, FY2018 earnings at ($0.45) EPS, FY2019 earnings at ($0.22) EPS and FY2020 earnings at $0.31 EPS.

Several other equities research analysts have also commented on the stock. Needham & Company LLC assumed coverage on shares of Roku in a report on Monday. They issued a “buy” rating and a $28.00 price target for the company. Royal Bank Of Canada assumed coverage on shares of Roku in a report on Monday. They issued a “sector perform” rating and a $26.00 price target for the company. William Blair assumed coverage on shares of Roku in a report on Monday. They issued an “outperform” rating for the company. CIBC assumed coverage on shares of Roku in a report on Monday. They issued a “market perform” rating for the company. Finally, Morgan Stanley assumed coverage on shares of Roku in a report on Monday. They issued an “equal weight” rating and a $22.00 price target for the company. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $25.20.

TRADEMARK VIOLATION WARNING: “Roku, Inc. (ROKU) Expected to Post FY2017 Earnings of ($1.48) Per Share” was first posted by American Banking News and is the property of of American Banking News. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/10/25/roku-inc-roku-expected-to-post-fy2017-earnings-of-1-48-per-share.html.

Shares of Roku (NASDAQ:ROKU) opened at 19.77 on Wednesday. Roku has a one year low of $15.75 and a one year high of $29.80. The stock’s market cap is $309.76 million. The firm has a 50-day moving average of $22.56 and a 200-day moving average of $22.56.

In other news, major shareholder Mv Management X, L.L.C. sold 6,900,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $14.00, for a total value of $96,600,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

An institutional investor recently bought a new position in Roku stock. Nationwide Fund Advisors acquired a new position in shares of Roku, Inc. (NASDAQ:ROKU) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 38,020 shares of the company’s stock, valued at approximately $1,009,000. Nationwide Fund Advisors owned approximately 0.24% of Roku as of its most recent SEC filing. Institutional investors and hedge funds own 0.13% of the company’s stock.

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.

Earnings History and Estimates for Roku (NASDAQ:ROKU)

Receive News & Ratings for Roku Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roku Inc. and related companies with MarketBeat.com's FREE daily email newsletter.