Imperial Capital Equities Analysts Reduce Earnings Estimates for Netflix, Inc. (NFLX)

Netflix, Inc. (NASDAQ:NFLX) – Research analysts at Imperial Capital reduced their FY2018 EPS estimates for Netflix in a report issued on Wednesday, October 17th. Imperial Capital analyst D. Miller now anticipates that the Internet television network will earn $2.65 per share for the year, down from their prior estimate of $2.68. Imperial Capital currently has a “Outperform” rating and a $464.00 target price on the stock. Imperial Capital also issued estimates for Netflix’s Q1 2019 earnings at $1.07 EPS, Q2 2019 earnings at $1.15 EPS, Q3 2019 earnings at $1.17 EPS and FY2019 earnings at $4.50 EPS.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, October 16th. The Internet television network reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.21. The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.99 billion. Netflix had a return on equity of 25.66% and a net margin of 7.13%. The company’s quarterly revenue was up 34.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.29 EPS.

Several other analysts also recently weighed in on the company. Wedbush boosted their price target on Netflix from $125.00 to $150.00 and gave the company an “underperform” rating in a research note on Wednesday. Loop Capital upped their target price on Netflix from $365.00 to $385.00 in a research note on Wednesday. Royal Bank of Canada upped their target price on Netflix to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday. JPMorgan Chase & Co. upped their target price on Netflix to $450.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Goldman Sachs Group upped their target price on Netflix from $430.00 to $480.00 and gave the stock an “outperform” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and thirty have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $375.90.

Netflix stock opened at $364.70 on Thursday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.86. The stock has a market cap of $162.92 billion, a price-to-earnings ratio of 291.76, a PEG ratio of 4.67 and a beta of 0.89. Netflix has a fifty-two week low of $178.38 and a fifty-two week high of $423.21.

Institutional investors have recently made changes to their positions in the business. HPM Partners LLC raised its holdings in shares of Netflix by 30.2% during the second quarter. HPM Partners LLC now owns 3,896 shares of the Internet television network’s stock valued at $1,525,000 after acquiring an additional 904 shares during the last quarter. Morgan Stanley raised its holdings in shares of Netflix by 1.6% during the second quarter. Morgan Stanley now owns 2,364,657 shares of the Internet television network’s stock valued at $925,600,000 after acquiring an additional 37,425 shares during the last quarter. Private Capital Group LLC raised its holdings in shares of Netflix by 33.1% during the second quarter. Private Capital Group LLC now owns 744 shares of the Internet television network’s stock valued at $291,000 after acquiring an additional 185 shares during the last quarter. Mackay Shields LLC raised its holdings in shares of Netflix by 3.0% during the second quarter. Mackay Shields LLC now owns 169,338 shares of the Internet television network’s stock valued at $66,284,000 after acquiring an additional 4,917 shares during the last quarter. Finally, Iron Financial LLC acquired a new position in shares of Netflix during the second quarter valued at approximately $579,000. 73.76% of the stock is owned by institutional investors and hedge funds.

In other Netflix news, CFO David B. Wells sold 1,000 shares of the stock in a transaction that occurred on Monday, July 23rd. The stock was 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 owns 1,000 shares of the company’s stock, valued at $359,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard N. Barton sold 350 shares of the stock in a transaction that occurred on Thursday, October 11th. The shares were sold at an average price of $324.94, for a total value of $113,729.00. Following the transaction, the director now directly owns 7,314 shares of the company’s stock, valued at approximately $2,376,611.16. The disclosure for this sale can be found here. Insiders have sold 381,452 shares of company stock worth $135,102,461 in the last quarter. 4.29% of the stock is currently owned by company insiders.

About Netflix

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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