Q4 2018 EPS Estimates for Netflix, Inc. (NFLX) Reduced by Analyst

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Netflix, Inc. (NASDAQ:NFLX) – Equities researchers at B. Riley dropped their Q4 2018 EPS estimates for Netflix in a note issued to investors on Wednesday, October 17th. B. Riley analyst B. Crockett now forecasts that the Internet television network will post earnings per share of $0.24 for the quarter, down from their previous estimate of $0.63. B. Riley has a “Buy” rating and a $322.00 price target on the stock.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, October 16th. The Internet television network reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.21. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.99 billion. Netflix had a net margin of 8.48% and a return on equity of 29.52%. The business’s revenue was up 34.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 EPS.

NFLX has been the subject of a number of other research reports. Cowen cut their price target on shares of Netflix from $430.00 to $400.00 and set an “outperform” rating for the company in a report on Tuesday, July 17th. Goldman Sachs Group set a $470.00 price target on shares of Netflix and gave the stock a “buy” rating in a report on Tuesday, October 2nd. Sanford C. Bernstein restated a “buy” rating and set a $465.00 price target on shares of Netflix in a report on Wednesday. Morgan Stanley set a $480.00 price target on shares of Netflix and gave the stock a “buy” rating in a report on Thursday, July 12th. Finally, ValuEngine downgraded shares of Netflix from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 18th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty-one have issued a buy rating to the company. Netflix currently has a consensus rating of “Buy” and an average target price of $376.83.

Shares of NASDAQ NFLX opened at $332.67 on Friday. The company has a market cap of $158.81 billion, a PE ratio of 279.70, a PEG ratio of 4.66 and a beta of 0.89. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.39 and a quick ratio of 1.54. Netflix has a 1 year low of $178.38 and a 1 year high of $423.21.

In other Netflix news, CEO Reed Hastings sold 77,672 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $323.01, for a total value of $25,088,832.72. Following the completion of the transaction, the chief executive officer now owns 77,672 shares of the company’s stock, valued at approximately $25,088,832.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David B. Wells sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 23rd. The shares were sold at an average price of $359.00, for a total transaction of $359,000.00. Following the completion of the transaction, the chief financial officer now directly owns 1,000 shares of the company’s stock, valued at approximately $359,000. The disclosure for this sale can be found here. Insiders sold a total of 403,334 shares of company stock valued at $142,463,785 in the last three months. 4.29% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the business. CSat Investment Advisory L.P. purchased a new stake in shares of Netflix during the 2nd quarter worth $117,000. Guidant Wealth Advisors lifted its position in shares of Netflix by 190.5% during the 2nd quarter. Guidant Wealth Advisors now owns 305 shares of the Internet television network’s stock worth $121,000 after purchasing an additional 200 shares during the last quarter. Signature Estate & Investment Advisors LLC purchased a new stake in shares of Netflix during the 2nd quarter worth $124,000. WealthTrust Fairport LLC lifted its position in shares of Netflix by 133.3% during the 2nd quarter. WealthTrust Fairport LLC now owns 350 shares of the Internet television network’s stock worth $137,000 after purchasing an additional 200 shares during the last quarter. Finally, BerganKDV Wealth Management LLC purchased a new stake in shares of Netflix during the 2nd quarter worth $137,000. 73.83% of the stock is owned by institutional investors.

Netflix Company Profile

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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Earnings History and Estimates for Netflix (NASDAQ:NFLX)

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