Netflix Inc. (NASDAQ:NFLX) will release its Q316 earnings data on Monday, October 17th. Analysts expect Netflix to post earnings of $0.06 per share and revenue of $2.28 billion for the quarter.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, July 18th. The Internet television network reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.07. Netflix had a net margin of 1.85% and a return on equity of 5.59%. The firm earned $2.11 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same period last year, the firm posted $0.06 EPS. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. On average, analysts expect Netflix to post $0.28 EPS for the current fiscal year and $0.87 EPS for the next fiscal year.
Netflix Inc. (NASDAQ:NFLX) opened at 99.50 on Thursday. Netflix Inc. has a one year low of $79.95 and a one year high of $133.27. The company has a market capitalization of $42.66 billion, a P/E ratio of 310.94 and a beta of 1.14. The company’s 50-day moving average is $98.66 and its 200 day moving average is $96.37.
In other Netflix news, Director Jay C. Hoag acquired 600,000 shares of the business’s stock in a transaction dated Monday, July 25th. The stock was bought at an average price of $86.43 per share, with a total value of $51,858,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard N. Barton sold 2,800 shares of the business’s stock in a transaction dated Thursday, October 6th. The stock was sold at an average price of $104.27, for a total value of $291,956.00. Following the transaction, the director now directly owns 15,254 shares of the company’s stock, valued at approximately $1,590,534.58. The disclosure for this sale can be found here. Company insiders own 4.90% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Cornerstone Advisors Inc. raised its position in shares of Netflix by 25.6% in the second quarter. Cornerstone Advisors Inc. now owns 1,118 shares of the Internet television network’s stock valued at $102,000 after buying an additional 228 shares during the last quarter. Krilogy Financial LLC raised its position in shares of Netflix by 12.9% in the second quarter. Krilogy Financial LLC now owns 1,921 shares of the Internet television network’s stock valued at $176,000 after buying an additional 220 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Netflix by 2,250.6% in the second quarter. Bessemer Group Inc. now owns 1,998 shares of the Internet television network’s stock valued at $183,000 after buying an additional 1,913 shares during the last quarter. Miles Capital Inc. acquired a new position in shares of Netflix during the second quarter valued at approximately $216,000. Finally, Sunbelt Securities Inc. raised its position in shares of Netflix by 4,215.7% in the second quarter. Sunbelt Securities Inc. now owns 3,021 shares of the Internet television network’s stock valued at $276,000 after buying an additional 2,951 shares during the last quarter. 78.43% of the stock is owned by institutional investors.
Several analysts have issued reports on the stock. Needham & Company LLC lowered shares of Netflix from a “buy” rating to a “hold” rating and upped their price target for the stock from $95.15 to $96.67 in a research report on Tuesday, July 5th. Bank of America Corp. reaffirmed a “buy” rating and set a $146.00 price target on shares of Netflix in a research report on Friday, August 26th. Wedbush upped their price target on shares of Netflix from $45.00 to $50.00 and gave the stock an “underperform” rating in a research report on Tuesday, July 19th. Vetr lowered shares of Netflix from a “strong-buy” rating to a “buy” rating and set a $102.41 price target on the stock. in a research report on Wednesday, July 27th. Finally, Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $122.00 price target on shares of Netflix in a research report on Wednesday, September 7th. Eight analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $110.32.
Netflix Company Profile
Netflix, Inc (Netflix) is a provider of Internet television network. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content.
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