Analysts Set Expectations for Netflix, Inc.’s FY2017 Earnings (NFLX)
Netflix, Inc. (NASDAQ:NFLX) – Analysts at B. Riley issued their FY2017 earnings estimates for shares of Netflix in a research note issued to investors on Tuesday. B. Riley analyst B. Crockett forecasts that the Internet television network will post earnings per share of $1.24 for the year. B. Riley has a “Neutral” rating on the stock.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. The firm’s quarterly revenue was up 30.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.12 earnings per share.
Netflix (NASDAQ:NFLX) opened at $217.50 on Thursday. The company has a market capitalization of $94,120.00, a price-to-earnings ratio of 219.70, a price-to-earnings-growth ratio of 3.59 and a beta of 1.34. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20. Netflix has a 12-month low of $131.06 and a 12-month high of $226.07.
Several institutional investors and hedge funds have recently added to or reduced their stakes in NFLX. BT Investment Management Ltd acquired a new stake in shares of Netflix in the 2nd quarter valued at about $790,000. PNC Financial Services Group Inc. raised its stake in shares of Netflix by 6.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 97,479 shares of the Internet television network’s stock valued at $14,563,000 after purchasing an additional 5,885 shares during the period. Thrivent Financial For Lutherans raised its stake in shares of Netflix by 3.2% in the 2nd quarter. Thrivent Financial For Lutherans now owns 16,320 shares of the Internet television network’s stock valued at $2,439,000 after purchasing an additional 510 shares during the period. Rafferty Asset Management LLC raised its stake in shares of Netflix by 18.4% in the 2nd quarter. Rafferty Asset Management LLC now owns 9,382 shares of the Internet television network’s stock valued at $1,402,000 after purchasing an additional 1,458 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Netflix by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 27,950,272 shares of the Internet television network’s stock valued at $4,176,049,000 after purchasing an additional 789,190 shares during the period. 83.27% of the stock is currently owned by hedge funds and other institutional investors.
In other Netflix news, insider Jonathan Friedland sold 972 shares of Netflix stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $225.12, for a total transaction of $218,816.64. Following the transaction, the insider now directly owns 972 shares in the company, valued at $218,816.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Reed Hastings sold 83,335 shares of Netflix stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $192.79, for a total value of $16,066,154.65. Following the transaction, the chief executive officer now owns 83,335 shares in the company, valued at $16,066,154.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 341,551 shares of company stock worth $66,457,350. Corporate insiders own 4.90% of the company’s stock.
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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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