Netflix, Inc. (NASDAQ:NFLX) issued an update on its third quarter earnings guidance on Monday morning. The company provided EPS guidance of $0.32 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.22. The company issued revenue guidance of $2969, compared to the consensus revenue estimate of $2.88 billion.
Shares of Netflix, Inc. (NASDAQ:NFLX) opened at 184.04 on Friday. The firm’s 50-day moving average is $161.73 and its 200-day moving average is $150.70. Netflix, Inc. has a 1-year low of $90.50 and a 1-year high of $187.17. The stock has a market capitalization of $79.46 billion, a price-to-earnings ratio of 223.89 and a beta of 0.98.
Netflix (NASDAQ:NFLX) last released its earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The company’s revenue was up 32.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 EPS. On average, analysts predict that Netflix, Inc. will post $1.17 earnings per share for the current fiscal year.
Several research analysts have weighed in on NFLX shares. Loop Capital reaffirmed a buy rating and set a $167.00 price target on shares of Netflix in a research report on Monday, April 10th. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and issued a $170.00 price objective on shares of Netflix in a report on Friday, April 14th. Cantor Fitzgerald reiterated a buy rating and set a $160.00 target price (up from $148.64) on shares of Netflix in a research report on Thursday, April 13th. Pivotal Research upped their price objective on Netflix from $170.00 to $175.00 and gave the stock a buy rating in a research report on Tuesday, April 18th. Finally, Stifel Nicolaus upped their price objective on Netflix from $155.00 to $170.00 and gave the stock a buy rating in a research report on Tuesday, April 18th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-nine have given a buy rating to the company. Netflix currently has a consensus rating of Buy and a consensus price target of $174.36.
In other Netflix news, Director Richard N. Barton sold 2,000 shares of the stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $187.75, for a total transaction of $375,500.00. Following the sale, the director now directly owns 7,198 shares in the company, valued at approximately $1,351,424.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Richard N. Barton sold 1,000 shares of the firm’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $187.79, for a total transaction of $187,790.00. Following the completion of the sale, the director now owns 7,198 shares in the company, valued at $1,351,712.42. The disclosure for this sale can be found here. Insiders have sold 433,801 shares of company stock valued at $71,702,221 in the last three months. Corporate 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.
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