Analysts Set Expectations for Netflix, Inc.’s FY2018 Earnings (NFLX)

Netflix, Inc. (NASDAQ:NFLX) – Research analysts at B. Riley boosted their FY2018 EPS estimates for Netflix in a note issued to investors on Tuesday, according to Zacks Investment Research. B. Riley analyst B. Crockett now forecasts that the Internet television network will post earnings per share of $2.61 for the year, up from their previous forecast of $2.06. B. Riley currently has a “Buy” rating and a $243.00 price target on the stock. B. Riley also issued estimates for Netflix’s FY2019 earnings at $3.98 EPS and FY2020 earnings at $5.90 EPS.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The firm had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the previous year, the firm earned $0.15 EPS. The business’s quarterly revenue was up 32.6% on a year-over-year basis.

Several other analysts also recently issued reports on the company. Vetr upgraded Netflix from a “hold” rating to a “buy” rating and set a $260.52 price target for the company in a research note on Monday. Wedbush restated a “hold” rating and issued a $190.00 price target (up from $180.00) on shares of Netflix in a research note on Wednesday, October 18th. Credit Suisse Group restated a “neutral” rating and issued a $266.00 price target (up from $224.00) on shares of Netflix in a research note on Tuesday, January 23rd. William Blair restated an “outperform” rating on shares of Netflix in a research note on Tuesday, January 23rd. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $205.00 price objective (up from $195.00) on shares of Netflix in a report on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating, thirty-five have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $237.39.

Shares of Netflix (NFLX) traded down $0.63 during midday trading on Thursday, hitting $249.47. The stock had a trading volume of 16,282,837 shares, compared to its average volume of 11,070,000. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.40 and a quick ratio of 1.40. Netflix has a one year low of $138.26 and a one year high of $286.81. The company has a market cap of $108,260.00, a P/E ratio of 199.58, a P/E/G ratio of 3.48 and a beta of 1.04.

Institutional investors and hedge funds have recently modified their holdings of the stock. Thrivent Financial For Lutherans grew its holdings in Netflix by 3.2% during the second quarter. Thrivent Financial For Lutherans now owns 16,320 shares of the Internet television network’s stock valued at $2,439,000 after purchasing an additional 510 shares during the period. ETRADE Capital Management LLC boosted its stake in Netflix by 28.3% during the second quarter. ETRADE Capital Management LLC now owns 3,182 shares of the Internet television network’s stock valued at $475,000 after buying an additional 702 shares during the period. FIL Ltd bought a new stake in Netflix during the second quarter valued at $3,925,000. Quantbot Technologies LP bought a new stake in Netflix during the second quarter valued at $724,000. Finally, Ark Investment Management LLC boosted its stake in Netflix by 37.4% during the second quarter. Ark Investment Management LLC now owns 62,715 shares of the Internet television network’s stock valued at $9,370,000 after buying an additional 17,064 shares during the period. 82.71% of the stock is owned by institutional investors.

In related news, CFO David B. Wells sold 1,000 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $191.12, for a total transaction of $191,120.00. Following the completion of the sale, the chief financial officer now directly owns 1,000 shares of the company’s stock, valued at $191,120. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard N. Barton sold 350 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $185.71, for a total value of $64,998.50. Following the sale, the director now directly owns 7,171 shares of the company’s stock, valued at $1,331,726.41. The disclosure for this sale can be found here. Over the last three months, insiders sold 460,885 shares of company stock valued at $105,354,747. Company insiders own 4.90% of the company’s stock.

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About Netflix

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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