Netflix (NFLX) Issues Q1 Earnings Guidance

Netflix (NASDAQ:NFLX) updated its first quarter earnings guidance on Monday. The company provided EPS guidance of $0.63 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.56. The company issued revenue guidance of $3.686 billion, compared to the consensus revenue estimate of $3.49 billion.

NFLX has been the topic of a number of research analyst reports. Vetr downgraded Netflix from a buy rating to a hold rating and set a $229.01 target price on the stock. in a research note on Monday, January 15th. KeyCorp restated an overweight rating and issued a $270.00 target price (up previously from $230.00) on shares of Netflix in a research note on Friday. Wedbush set a $93.00 target price on Netflix and gave the stock a sell rating in a research note on Friday. Goldman Sachs Group set a $250.00 target price on Netflix and gave the stock a buy rating in a research note on Friday. Finally, UBS Group restated a buy rating and issued a $265.00 target price (up previously from $225.00) on shares of Netflix in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirty-five have assigned a buy rating to the company’s stock. Netflix has a consensus rating of Buy and an average target price of $213.56.

Shares of Netflix (NASDAQ:NFLX) traded up $7.12 during mid-day trading on Monday, reaching $227.58. 16,916,398 shares of the company’s stock were exchanged, compared to its average volume of 8,272,692. 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 1-year low of $137.03 and a 1-year high of $226.07. The company has a market cap of $98,480.00, a PE ratio of 229.88, a price-to-earnings-growth ratio of 3.56 and a beta of 1.34.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, January 16th. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.41. Netflix had a net margin of 4.04% and a return on equity of 14.56%. The business had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter in the previous year, the firm posted $0.15 EPS. The business’s revenue for the quarter was up 32.6% compared to the same quarter last year. analysts forecast that Netflix will post 1.25 EPS for the current fiscal year.

In other Netflix news, General Counsel David A. Hyman sold 63,378 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $198.90, for a total transaction of $12,605,884.20. Following the sale, the general counsel now owns 43,071 shares of the company’s stock, valued at approximately $8,566,821.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Leslie J. Kilgore sold 2,373 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $220.99, for a total transaction of $524,409.27. Following the sale, the director now directly owns 35,994 shares in the company, valued at approximately $7,954,314.06. The disclosure for this sale can be found here. Insiders have sold a total of 258,216 shares of company stock worth $50,391,195 in the last three months. Insiders own 4.90% of the company’s stock.

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Netflix Company Profile

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 and Estimates for Netflix (NASDAQ:NFLX)

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