Equities analysts forecast that Netflix, Inc. (NASDAQ:NFLX) will post sales of $4.49 billion for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have issued estimates for Netflix’s earnings, with the highest sales estimate coming in at $4.50 billion and the lowest estimate coming in at $4.44 billion. Netflix reported sales of $3.70 billion during the same quarter last year, which indicates a positive year over year growth rate of 21.4%. The company is scheduled to report its next quarterly earnings results on Monday, April 15th.
According to Zacks, analysts expect that Netflix will report full-year sales of $20.15 billion for the current year, with estimates ranging from $19.74 billion to $20.54 billion. For the next year, analysts forecast that the company will post sales of $25.08 billion, with estimates ranging from $23.26 billion to $26.28 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Netflix.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, January 17th. The Internet television network reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.06. The business had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.21 billion. Netflix had a net margin of 7.67% and a return on equity of 25.82%. The business’s revenue was up 27.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 EPS.
A number of equities research analysts have recently commented on NFLX shares. Macquarie set a $410.00 price target on Netflix and gave the stock a “buy” rating in a research report on Monday, October 29th. Barclays reduced their price target on Netflix from $430.00 to $375.00 and set an “overweight” rating on the stock in a report on Monday, January 7th. Morgan Stanley reiterated an “overweight” rating and set a $430.00 target price (down from $475.00) on shares of Netflix in a research note on Friday, January 11th. SunTrust Banks reissued a “buy” rating and issued a $355.00 price objective (down from $410.00) on shares of Netflix in a research report on Wednesday, January 2nd. Finally, Sanford C. Bernstein reissued a “buy” rating and set a $421.00 target price on shares of Netflix in a report on Wednesday, January 16th. Six analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $376.33.
In other news, CFO David B. Wells sold 588 shares of Netflix stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $283.79, for a total value of $166,868.52. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Reed Hastings sold 78,092 shares of the business’s stock in a transaction that occurred on Wednesday, November 21st. The shares were sold at an average price of $266.87, for a total value of $20,840,412.04. Following the completion of the sale, the chief executive officer now owns 78,092 shares of the company’s stock, valued at approximately $20,840,412.04. The disclosure for this sale can be found here. Insiders sold 212,303 shares of company stock worth $59,417,475 over the last ninety days. 4.29% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Viridian Ria LLC lifted its position in shares of Netflix by 12.6% in the 3rd quarter. Viridian Ria LLC now owns 4,097 shares of the Internet television network’s stock worth $1,532,000 after buying an additional 459 shares during the last quarter. Primecap Management Co. CA lifted its holdings in shares of Netflix by 14.1% during the third quarter. Primecap Management Co. CA now owns 70,450 shares of the Internet television network’s stock worth $26,357,000 after buying an additional 8,700 shares in the last quarter. New England Research & Management Inc. bought a new position in Netflix in the fourth quarter valued at about $257,000. Shufro Rose & Co. LLC acquired a new position in shares of Netflix in the third quarter worth approximately $441,000. Finally, Brown Advisory Inc. increased its holdings in shares of Netflix by 9.5% during the third quarter. Brown Advisory Inc. now owns 4,850 shares of the Internet television network’s stock valued at $1,815,000 after acquiring an additional 421 shares in the last quarter. 79.49% of the stock is owned by institutional investors and hedge funds.
NASDAQ:NFLX opened at $351.77 on Thursday. The stock has a market cap of $151.75 billion, a price-to-earnings ratio of 131.26, a price-to-earnings-growth ratio of 2.88 and a beta of 1.38. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.49 and a current ratio of 1.49. Netflix has a fifty-two week low of $231.23 and a fifty-two week high of $423.21.
Netflix, Inc provides Internet entertainment services. The company operates in three reportable segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.
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