Netflix, Inc. (NASDAQ:NFLX) Issues Q3 Earnings Guidance

Netflix, Inc. (NASDAQ:NFLX) updated its third quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.32 for the period, compared to the Thomson Reuters consensus estimate of $0.22. The company issued revenue guidance of $2969, compared to the consensus revenue estimate of $2.88 billion.

A number of analysts have recently commented on the company. UBS AG reiterated a buy rating and set a $175.00 target price on shares of Netflix in a research report on Wednesday, April 19th. Credit Suisse Group reiterated a neutral rating and set a $190.00 target price (up previously from $154.00) on shares of Netflix in a research report on Tuesday. Robert W. Baird reiterated a neutral rating and set a $175.00 target price (up previously from $140.00) on shares of Netflix in a research report on Tuesday. Jefferies Group LLC reiterated a hold rating and set a $165.00 target price (up previously from $141.00) on shares of Netflix in a research report on Tuesday. Finally, Pacific Crest reiterated an overweight rating and set a $190.00 target price (up previously from $170.00) on shares of Netflix in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirty have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $169.38.

Shares of Netflix, Inc. (NASDAQ NFLX) opened at 183.60 on Wednesday. Netflix, Inc. has a 12 month low of $85.01 and a 12 month high of $185.00. The firm has a market capitalization of $79.13 billion, a price-to-earnings ratio of 237.52 and a beta of 0.98. The stock’s 50 day moving average is $156.86 and its 200 day moving average is $147.88. Netflix also was the target of unusually large options trading activity on Monday. Stock traders bought 105,623 call options on the company. This is an increase of 271% compared to the typical daily volume of 28,474 call options.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. Netflix had a return on equity of 13.28% and a net margin of 3.55%. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the prior year, the business posted $0.09 earnings per share. Netflix’s revenue was up 32.3% compared to the same quarter last year. Equities research analysts forecast that Netflix, Inc. will post $1.15 earnings per share for the current fiscal year.

In other Netflix news, Director Richard N. Barton sold 2,000 shares of the stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $169.18, for a total transaction of $338,360.00. Following the sale, the director now directly owns 8,012 shares in the company, valued at $1,355,470.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gregory K. Peters sold 6,853 shares of the stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $164.29, for a total transaction of $1,125,879.37. Following the sale, the insider now owns 19,943 shares in the company, valued at $3,276,435.47. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 420,458 shares of company stock worth $64,107,103. 4.90% of the stock is owned by insiders.

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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.