Wall Street analysts predict that Netflix, Inc. (NASDAQ:NFLX) will post earnings per share of $0.80 for the current fiscal quarter, according to Zacks. Sixteen analysts have provided estimates for Netflix’s earnings. The highest EPS estimate is $0.83 and the lowest is $0.78. Netflix posted earnings of $0.15 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 433.3%. The firm is expected to announce its next quarterly earnings report after the market closes on Monday, July 16th.
On average, analysts expect that Netflix will report full year earnings of $2.89 per share for the current financial year, with EPS estimates ranging from $2.68 to $3.19. For the next fiscal year, analysts expect that the business will report earnings of $4.70 per share, with EPS estimates ranging from $4.10 to $5.30. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Netflix.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, April 16th. The Internet television network reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.01. Netflix had a return on equity of 19.11% and a net margin of 5.26%. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same period in the previous year, the business posted $0.40 earnings per share. The firm’s revenue for the quarter was up 40.3% compared to the same quarter last year.
A number of research firms recently issued reports on NFLX. Vetr cut Netflix from a “hold” rating to a “sell” rating and set a $303.70 price target for the company. in a report on Wednesday, April 18th. Raymond James lifted their price objective on Netflix from $290.00 to $330.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 10th. Cowen lifted their price objective on Netflix from $375.00 to $430.00 and gave the stock an “outperform” rating in a research report on Tuesday. Royal Bank of Canada set a $360.00 price objective on Netflix and gave the stock a “buy” rating in a research report on Tuesday, April 17th. Finally, Bank of America lifted their price objective on Netflix from $300.00 to $347.00 and gave the stock a “buy” rating in a research report on Tuesday, April 17th. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. Netflix presently has a consensus rating of “Buy” and a consensus price target of $315.73.
In other Netflix news, Director A George Battle sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $309.87, for a total value of $3,098,700.00. Following the sale, the director now owns 3,269 shares in the company, valued at approximately $1,012,965.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David B. Wells sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $385.05, for a total value of $385,050.00. Following the completion of the sale, the chief financial officer now owns 1,000 shares in the company, valued at approximately $385,050. The disclosure for this sale can be found here. Insiders sold a total of 289,282 shares of company stock worth $103,026,845 in the last 90 days. Company insiders own 4.29% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wagner Wealth Management LLC bought a new stake in shares of Netflix during the 4th quarter worth approximately $125,000. Braun Bostich & Associates Inc. bought a new stake in shares of Netflix during the 1st quarter worth approximately $142,000. TCI Wealth Advisors Inc. raised its stake in shares of Netflix by 710.8% during the 1st quarter. TCI Wealth Advisors Inc. now owns 527 shares of the Internet television network’s stock worth $156,000 after purchasing an additional 462 shares in the last quarter. Whittier Trust Co. raised its stake in shares of Netflix by 91.4% during the 1st quarter. Whittier Trust Co. now owns 536 shares of the Internet television network’s stock worth $158,000 after purchasing an additional 256 shares in the last quarter. Finally, Clearwater Capital Advisors LLC bought a new stake in shares of Netflix during the 1st quarter worth approximately $158,000. Hedge funds and other institutional investors own 77.20% of the company’s stock.
Shares of Netflix stock traded up $9.86 during trading on Friday, reaching $408.25. The company’s stock had a trading volume of 8,583,861 shares, compared to its average volume of 10,581,427. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.63. Netflix has a one year low of $146.65 and a one year high of $423.21. The stock has a market capitalization of $169.76 billion, a price-to-earnings ratio of 326.60, a P/E/G ratio of 4.77 and a beta of 0.94.
Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.
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