Netflix, Inc. (NFLX) Expected to Earn FY2018 Earnings of $2.69 Per Share

Netflix, Inc. (NASDAQ:NFLX) – Analysts at Wedbush cut their FY2018 EPS estimates for Netflix in a research report issued on Wednesday, October 17th. Wedbush analyst M. Pachter now anticipates that the Internet television network will post earnings of $2.69 per share for the year, down from their prior estimate of $2.70. Wedbush has a “Underperform” rating and a $150.00 price objective on the stock. Wedbush also issued estimates for Netflix’s Q1 2019 earnings at $0.89 EPS, Q2 2019 earnings at $0.92 EPS and Q3 2019 earnings at $0.95 EPS.

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

A number of other equities research analysts also recently weighed in on the stock. Oppenheimer set a $410.00 price objective on shares of Netflix and gave the company a “buy” rating in a research report on Thursday. Loop Capital boosted their price objective on shares of Netflix from $365.00 to $385.00 in a research report on Wednesday. Royal Bank of Canada boosted their price objective on shares of Netflix to $450.00 and gave the company an “outperform” rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their price objective on shares of Netflix to $450.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Goldman Sachs Group boosted their price objective on shares of Netflix from $430.00 to $480.00 and gave the company an “outperform” rating in a research report on Wednesday. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating and thirty have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $376.83.

Shares of NASDAQ:NFLX opened at $346.71 on Thursday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.86. Netflix has a fifty-two week low of $178.38 and a fifty-two week high of $423.21. The stock has a market cap of $162.92 billion, a P/E ratio of 277.82, a price-to-earnings-growth ratio of 4.67 and a beta of 0.89.

In other news, insider Theodore A. Sarandos sold 111,391 shares of the company’s stock in a transaction that occurred on Monday, July 23rd. The shares were sold at an average price of $360.00, for a total value of $40,100,760.00. Following the completion of the sale, the insider now directly owns 16,065 shares of the company’s stock, valued at approximately $5,783,400. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO David B. Wells sold 1,000 shares of the company’s 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 sale, the chief financial officer now directly owns 1,000 shares of the company’s stock, valued at $359,000. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 403,334 shares of company stock valued at $142,463,785. Company insiders own 4.29% of the company’s stock.

Several large investors have recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Netflix by 2.3% in the 2nd quarter. BlackRock Inc. now owns 27,436,409 shares of the Internet television network’s stock worth $10,739,434,000 after acquiring an additional 619,795 shares during the period. FMR LLC lifted its stake in shares of Netflix by 6.1% in the 2nd quarter. FMR LLC now owns 26,511,408 shares of the Internet television network’s stock worth $10,377,360,000 after acquiring an additional 1,534,290 shares during the period. Edgewood Management LLC lifted its stake in shares of Netflix by 2.3% in the 2nd quarter. Edgewood Management LLC now owns 2,523,740 shares of the Internet television network’s stock worth $987,868,000 after acquiring an additional 55,566 shares during the period. Morgan Stanley lifted its stake in shares of Netflix by 1.6% in the 2nd quarter. Morgan Stanley now owns 2,364,657 shares of the Internet television network’s stock worth $925,600,000 after acquiring an additional 37,425 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in Netflix by 4.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,581,565 shares of the Internet television network’s stock valued at $619,072,000 after purchasing an additional 65,394 shares during the last quarter. 73.76% 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.

See Also: How can investors find ex-dividend dates?

Earnings History and Estimates for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply