Netflix, Inc. (NFLX) Forecasted to Post FY2017 Earnings of $1.33 Per Share

Netflix, Inc. (NASDAQ:NFLX) – Analysts at FBR & Co boosted their FY2017 earnings per share (EPS) estimates for shares of Netflix in a research report issued on Tuesday. FBR & Co analyst B. Crockett now forecasts that the Internet television network will post earnings of $1.33 per share for the year, up from their previous estimate of $1.22. FBR & Co has a “Buy” rating and a $207.00 price objective on the stock. FBR & Co also issued estimates for Netflix’s Q4 2017 earnings at $0.41 EPS, FY2018 earnings at $1.98 EPS, FY2019 earnings at $3.21 EPS and FY2020 earnings at $4.95 EPS.

A number of other research analysts have also recently issued reports on the stock. SunTrust Banks, Inc. set a $175.00 price objective on shares of Netflix and gave the company a “hold” rating in a report on Monday. UBS AG restated a “buy” rating and set a $237.00 price objective (up previously from $225.00) on shares of Netflix in a report on Tuesday. BMO Capital Markets restated a “market perform” rating and set a $205.00 price objective (up previously from $195.00) on shares of Netflix in a report on Tuesday. J P Morgan Chase & Co set a $242.00 price objective on shares of Netflix and gave the company a “buy” rating in a report on Tuesday. Finally, Oppenheimer Holdings, Inc. boosted their price objective on shares of Netflix from $215.00 to $245.00 and gave the company an “outperform” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirty-four have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $205.69.

TRADEMARK VIOLATION WARNING: This story was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/20/netflix-inc-nflx-forecasted-to-post-fy2017-earnings-of-1-33-per-share.html.

Shares of Netflix (NFLX) traded down 0.26% during mid-day trading on Wednesday, reaching $194.62. 3,327,090 shares of the company were exchanged. Netflix has a 12 month low of $98.38 and a 12 month high of $200.82. The stock has a market capitalization of $84.15 billion, a P/E ratio of 194.43 and a beta of 1.09. The firm has a 50-day moving average price of $186.18 and a 200 day moving average price of $167.05.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.97 billion. Netflix had a return on equity of 14.56% and a net margin of 4.04%. The company’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.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in 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. BlackRock Inc. grew its position in Netflix by 1.7% in the 2nd quarter. BlackRock Inc. now owns 25,663,728 shares of the Internet television network’s stock valued at $3,834,416,000 after purchasing an additional 423,968 shares during the period. FMR LLC grew its position in Netflix by 12.4% in the 2nd quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock valued at $3,531,042,000 after purchasing an additional 2,605,731 shares during the period. State Street Corp grew its position in Netflix by 2.7% in the 1st quarter. State Street Corp now owns 17,535,737 shares of the Internet television network’s stock valued at $2,591,946,000 after purchasing an additional 463,143 shares during the period. Finally, Jennison Associates LLC grew its position in Netflix by 14.0% in the 2nd quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network’s stock valued at $2,208,891,000 after purchasing an additional 1,814,056 shares during the period. 81.02% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Reed Hastings sold 109,214 shares of Netflix stock in a transaction on Monday, July 24th. The shares were sold at an average price of $188.61, for a total value of $20,598,852.54. Following the completion of the sale, the chief executive officer now owns 109,214 shares of the company’s stock, valued at approximately $20,598,852.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Leslie J. Kilgore sold 868 shares of Netflix stock in a transaction on Monday, October 16th. The shares were sold at an average price of $202.00, for a total transaction of $175,336.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 305,288 shares of company stock valued at $55,168,715. Insiders own 4.90% of the company’s stock.

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 U

Netflix, Inc. (NASDAQ:NFLX) – Analysts at FBR & Co boosted their FY2017 earnings per share (EPS) estimates for shares of Netflix in a research report issued on Tuesday. FBR & Co analyst B. Crockett now forecasts that the Internet television network will post earnings of $1.33 per share for the year, up from their previous estimate of $1.22. FBR & Co has a “Buy” rating and a $207.00 price objective on the stock. FBR & Co also issued estimates for Netflix’s Q4 2017 earnings at $0.41 EPS, FY2018 earnings at $1.98 EPS, FY2019 earnings at $3.21 EPS and FY2020 earnings at $4.95 EPS.

A number of other research analysts have also recently issued reports on the stock. SunTrust Banks, Inc. set a $175.00 price objective on shares of Netflix and gave the company a “hold” rating in a report on Monday. UBS AG restated a “buy” rating and set a $237.00 price objective (up previously from $225.00) on shares of Netflix in a report on Tuesday. BMO Capital Markets restated a “market perform” rating and set a $205.00 price objective (up previously from $195.00) on shares of Netflix in a report on Tuesday. J P Morgan Chase & Co set a $242.00 price objective on shares of Netflix and gave the company a “buy” rating in a report on Tuesday. Finally, Oppenheimer Holdings, Inc. boosted their price objective on shares of Netflix from $215.00 to $245.00 and gave the company an “outperform” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirty-four have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $205.69.

TRADEMARK VIOLATION WARNING: This story was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/20/netflix-inc-nflx-forecasted-to-post-fy2017-earnings-of-1-33-per-share.html.

Shares of Netflix (NFLX) traded down 0.26% during mid-day trading on Wednesday, reaching $194.62. 3,327,090 shares of the company were exchanged. Netflix has a 12 month low of $98.38 and a 12 month high of $200.82. The stock has a market capitalization of $84.15 billion, a P/E ratio of 194.43 and a beta of 1.09. The firm has a 50-day moving average price of $186.18 and a 200 day moving average price of $167.05.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.97 billion. Netflix had a return on equity of 14.56% and a net margin of 4.04%. The company’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.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in 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. BlackRock Inc. grew its position in Netflix by 1.7% in the 2nd quarter. BlackRock Inc. now owns 25,663,728 shares of the Internet television network’s stock valued at $3,834,416,000 after purchasing an additional 423,968 shares during the period. FMR LLC grew its position in Netflix by 12.4% in the 2nd quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock valued at $3,531,042,000 after purchasing an additional 2,605,731 shares during the period. State Street Corp grew its position in Netflix by 2.7% in the 1st quarter. State Street Corp now owns 17,535,737 shares of the Internet television network’s stock valued at $2,591,946,000 after purchasing an additional 463,143 shares during the period. Finally, Jennison Associates LLC grew its position in Netflix by 14.0% in the 2nd quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network’s stock valued at $2,208,891,000 after purchasing an additional 1,814,056 shares during the period. 81.02% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Reed Hastings sold 109,214 shares of Netflix stock in a transaction on Monday, July 24th. The shares were sold at an average price of $188.61, for a total value of $20,598,852.54. Following the completion of the sale, the chief executive officer now owns 109,214 shares of the company’s stock, valued at approximately $20,598,852.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Leslie J. Kilgore sold 868 shares of Netflix stock in a transaction on Monday, October 16th. The shares were sold at an average price of $202.00, for a total transaction of $175,336.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 305,288 shares of company stock valued at $55,168,715. Insiders own 4.90% of the company’s stock.

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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