FY2018 EPS Estimates for Netflix, Inc. (NFLX) Lifted by Analyst

Netflix, Inc. (NASDAQ:NFLX) – Investment analysts at SunTrust Banks lifted their FY2018 earnings per share estimates for shares of Netflix in a report issued on Tuesday. SunTrust Banks analyst M. Thornton now forecasts that the Internet television network will post earnings of $2.77 per share for the year, up from their prior estimate of $1.97. SunTrust Banks has a “Hold” rating and a $270.00 price objective on the stock. SunTrust Banks also issued estimates for Netflix’s FY2019 earnings at $4.45 EPS and FY2020 earnings at $6.54 EPS.

A number of other research firms also recently issued reports on NFLX. Morgan Stanley reiterated an “overweight” rating and issued a $255.00 target price (up previously from $235.00) on shares of Netflix in a research report on Thursday, January 18th. Loop Capital reiterated a “buy” rating and issued a $237.00 target price on shares of Netflix in a research report on Wednesday, December 6th. Canaccord Genuity reiterated a “buy” rating and issued a $280.00 target price (up previously from $225.00) on shares of Netflix in a research report on Tuesday, January 23rd. Wells Fargo & Co reiterated an “outperform” rating and issued a $250.00 target price (up previously from $230.00) on shares of Netflix in a research report on Monday, January 8th. Finally, Vetr upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $230.38 price target on the stock in a report on Tuesday, January 16th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $239.39.

Shares of Netflix (NASDAQ:NFLX) opened at $278.52 on Friday. Netflix has a 12-month low of $138.26 and a 12-month high of $286.81. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market cap of $120,860.00, a P/E ratio of 222.82, a price-to-earnings-growth ratio of 3.85 and a beta of 1.04.

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

In other news, CFO David B. Wells sold 1,000 shares of Netflix stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $193.30, for a total transaction of $193,300.00. Following the sale, the chief financial officer now directly owns 1,000 shares in the company, valued at approximately $193,300. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard N. Barton sold 350 shares of Netflix stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $185.71, for a total transaction of $64,998.50. Following the sale, the director now owns 7,171 shares in the company, valued at $1,331,726.41. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 469,901 shares of company stock worth $107,797,603. 4.90% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of NFLX. Ark Investment Management LLC boosted its position in Netflix by 37.4% in 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 in the last quarter. Sterling Capital Management LLC acquired a new position in Netflix in the second quarter valued at about $254,000. WINTON GROUP Ltd acquired a new position in Netflix in the second quarter valued at about $787,000. Dynamic Technology Lab Private Ltd acquired a new position in Netflix in the second quarter valued at about $445,000. Finally, Navellier & Associates Inc acquired a new position in Netflix in the second quarter valued at about $492,000. Institutional investors and hedge funds own 82.38% of the company’s stock.

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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.

Earnings History and Estimates for Netflix (NASDAQ:NFLX)

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