Netflix (NASDAQ:NFLX) – Research analysts at Dougherty & Co issued their Q2 2018 earnings per share (EPS) estimates for shares of Netflix in a research note issued to investors on Wednesday, April 18th. Dougherty & Co analyst S. Frankel expects that the Internet television network will post earnings per share of $0.79 for the quarter.
NFLX has been the subject of a number of other research reports. Vetr upgraded shares of Netflix from a “sell” rating to a “hold” rating and set a $300.12 price objective for the company in a report on Friday, March 23rd. Zacks Investment Research upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $329.00 price objective for the company in a report on Friday, April 6th. Credit Suisse Group set a $224.00 price objective on shares of Netflix and gave the company a “neutral” rating in a report on Monday, January 8th. Bank of America lifted their price objective on shares of Netflix from $300.00 to $347.00 and gave the company a “buy” rating in a report on Tuesday, April 17th. Finally, Wedbush reiterated an “underperform” rating and set a $110.00 price objective (up previously from $93.00) on shares of Netflix in a report on Tuesday, January 23rd. Four equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $296.12.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, April 16th. The Internet television network reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. Netflix had a net margin of 5.26% and a return on equity of 19.11%. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter last year, the business posted $0.40 EPS. The firm’s revenue for the quarter was up 40.3% on a year-over-year basis.
A number of large investors have recently added to or reduced their stakes in NFLX. SG Americas Securities LLC grew its position in Netflix by 103.9% during the 4th quarter. SG Americas Securities LLC now owns 25,426 shares of the Internet television network’s stock worth $4,881,000 after purchasing an additional 675,267 shares during the last quarter. Tybourne Capital Management HK Ltd. lifted its stake in Netflix by 43.4% during the 4th quarter. Tybourne Capital Management HK Ltd. now owns 1,673,200 shares of the Internet television network’s stock valued at $321,187,000 after acquiring an additional 506,700 shares during the period. Wells Fargo & Company MN lifted its stake in Netflix by 22.5% during the 4th quarter. Wells Fargo & Company MN now owns 1,934,754 shares of the Internet television network’s stock valued at $371,396,000 after acquiring an additional 354,801 shares during the period. Technology Crossover Management VIII Ltd. lifted its stake in Netflix by 40.5% during the 4th quarter. Technology Crossover Management VIII Ltd. now owns 900,000 shares of the Internet television network’s stock valued at $172,764,000 after acquiring an additional 259,566 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in Netflix during the 4th quarter valued at approximately $45,695,000. 81.83% of the stock is currently owned by institutional investors.
In other Netflix news, CEO Reed Hastings sold 63,889 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $282.09, for a total transaction of $18,022,448.01. Following the sale, the chief executive officer now owns 63,889 shares of the company’s stock, valued at approximately $18,022,448.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 700 shares of the business’s stock in a transaction that occurred on Thursday, April 5th. The stock was sold at an average price of $283.39, for a total transaction of $198,373.00. Following the sale, the director now directly owns 7,393 shares in the company, valued at approximately $2,095,102.27. The disclosure for this sale can be found here. In the last three months, insiders have sold 356,268 shares of company stock worth $100,086,985. 4.90% of the stock is owned by insiders.
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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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