Netflix (NASDAQ:NFLX – Get Rating) announced its earnings results on Thursday. The Internet television network reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.35), RTT News reports. The company had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.85 billion. Netflix had a return on equity of 23.58% and a net margin of 14.21%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the business earned $1.33 EPS. Netflix updated its Q1 2023 guidance to $2.82-$2.82 EPS and its Q1 guidance to $2.82 EPS.
Netflix Stock Performance
Shares of Netflix stock opened at $342.50 on Friday. The firm’s fifty day simple moving average is $304.91 and its 200-day simple moving average is $259.68. The stock has a market capitalization of $152.42 billion, a price-to-earnings ratio of 34.42, a PEG ratio of 3.78 and a beta of 1.27. Netflix has a 12 month low of $162.71 and a 12 month high of $458.48. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.14 and a quick ratio of 1.14.
Analysts Set New Price Targets
Several research analysts have weighed in on NFLX shares. StockNews.com started coverage on shares of Netflix in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Cfra raised shares of Netflix from a “sell” rating to a “buy” rating and set a $310.00 price objective for the company in a research note on Thursday, December 29th. Evercore ISI raised their price objective on shares of Netflix from $340.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday. UBS Group raised their price objective on shares of Netflix from $250.00 to $350.00 in a research note on Tuesday, January 17th. Finally, Guggenheim raised their price objective on shares of Netflix from $305.00 to $375.00 and gave the company a “buy” rating in a research note on Friday. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $338.47.
Hedge Funds Weigh In On Netflix
Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.
- Get a free copy of the StockNews.com research report on Netflix (NFLX)
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