Netflix, Inc. (NASDAQ:NFLX) Releases Q3 Earnings Guidance

Netflix, Inc. (NASDAQ:NFLX) updated its third quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.32 for the period, compared to the Thomson Reuters consensus estimate of $0.22. The company issued revenue guidance of $2969, compared to the consensus revenue estimate of $2.88 billion.

A number of research analysts have weighed in on the stock. Rosenblatt Securities reissued a neutral rating and set a $155.00 target price on shares of Netflix in a research report on Monday. Sanford C. Bernstein set a $178.00 target price on shares of Netflix and gave the stock a buy rating in a research report on Monday. Nomura set a $175.00 target price on shares of Netflix and gave the stock a buy rating in a research report on Monday. Instinet reissued a buy rating and set a $175.00 target price (up previously from $165.00) on shares of Netflix in a research report on Monday. Finally, Vetr lowered shares of Netflix from a buy rating to a hold rating and set a $164.65 target price for the company. in a research report on Monday. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-nine have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $152.72.

Netflix, Inc. (NFLX) traded up 0.36% during trading on Monday, reaching $161.70. 17,496,685 shares of the company’s stock traded hands. The company’s 50 day moving average is $157.80 and its 200-day moving average is $144.87. The stock has a market cap of $69.69 billion, a price-to-earnings ratio of 209.18 and a beta of 0.99. Netflix, Inc. has a 52-week low of $84.50 and a 52-week high of $166.87.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. Netflix had a return on equity of 25.29% and a net margin of 6.76%. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same period in the previous year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 32.3% compared to the same quarter last year. On average, analysts anticipate that Netflix, Inc. will post $1.05 earnings per share for the current fiscal year.

In other news, Director Richard N. Barton sold 1,000 shares of the stock in a transaction dated Tuesday, April 18th. The shares were sold at an average price of $147.39, for a total value of $147,390.00. Following the sale, the director now directly owns 8,012 shares of the company’s stock, valued at $1,180,888.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel David A. Hyman sold 14,021 shares of the firm’s stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $150.00, for a total transaction of $2,103,150.00. Following the completion of the sale, the general counsel now directly owns 41,629 shares in the company, valued at $6,244,350. The disclosure for this sale can be found here. Over the last three months, insiders sold 421,458 shares of company stock worth $64,206,893. Insiders own 4.90% 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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