Brokerages expect Roku Inc (NASDAQ:ROKU) to post ($0.14) earnings per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Roku’s earnings. The highest EPS estimate is ($0.13) and the lowest is ($0.15). Roku reported earnings per share of ($8.79) in the same quarter last year, which suggests a positive year-over-year growth rate of 98.4%. The company is expected to issue its next quarterly earnings results on Wednesday, November 14th.
According to Zacks, analysts expect that Roku will report full-year earnings of ($0.16) per share for the current financial year, with EPS estimates ranging from ($0.21) to ($0.13). For the next fiscal year, analysts expect that the business will report earnings of ($0.12) per share, with EPS estimates ranging from ($0.28) to $0.07. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for Roku.
A number of equities analysts recently weighed in on the stock. BidaskClub lowered shares of Roku from a “buy” rating to a “hold” rating in a research report on Tuesday, June 26th. Guggenheim assumed coverage on shares of Roku in a research report on Tuesday. They issued a “buy” rating and a $74.00 price objective on the stock. Macquarie assumed coverage on shares of Roku in a research report on Thursday, June 14th. They issued an “outperform” rating and a $49.00 price objective on the stock. Oppenheimer upgraded shares of Roku from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research report on Tuesday, July 3rd. Finally, Zacks Investment Research lowered shares of Roku from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. Eight equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $53.38.
In other Roku news, VP Chas Smith sold 87,272 shares of the business’s stock in a transaction on Monday, June 25th. The shares were sold at an average price of $42.42, for a total transaction of $3,702,078.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Anthony J. Wood sold 248,578 shares of the business’s stock in a transaction on Friday, June 15th. The stock was sold at an average price of $43.73, for a total transaction of $10,870,315.94. The disclosure for this sale can be found here. Insiders have sold a total of 1,325,671 shares of company stock worth $67,624,503 over the last 90 days. Insiders own 0.55% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA purchased a new stake in shares of Roku during the 1st quarter worth $156,000. SevenBridge Financial Group LLC purchased a new stake in shares of Roku during the 2nd quarter worth $158,000. Wealthcare Advisory Partners LLC boosted its position in shares of Roku by 5,900.0% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 6,000 shares of the company’s stock worth $187,000 after purchasing an additional 5,900 shares in the last quarter. Rikoon Group LLC purchased a new stake in shares of Roku during the 1st quarter worth $202,000. Finally, Gabelli Funds LLC purchased a new stake in shares of Roku during the 2nd quarter worth $213,000. Institutional investors own 33.71% of the company’s stock.
Roku Company Profile
Roku, Inc operates a TV streaming platform. The company operates in two segments, Player and Platform. Its platform allows users to search, discover, and access approximately 500,000 movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2017, the company had 19.3 million active accounts.
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