Q4 2018 EPS Estimates for Netflix, Inc. (NFLX) Lowered by William Blair

Netflix, Inc. (NASDAQ:NFLX) – Equities research analysts at William Blair decreased their Q4 2018 EPS estimates for Netflix in a research report issued on Wednesday, October 17th. William Blair analyst R. Schackart now expects that the Internet television network will earn $0.24 per share for the quarter, down from their prior estimate of $0.38. William Blair also issued estimates for Netflix’s Q4 2019 earnings at $0.57 EPS and FY2020 earnings at $6.82 EPS.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, October 16th. The Internet television network reported $0.89 earnings per share for the quarter, beating the 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 29.52% and a net margin of 8.48%. The business’s quarterly revenue was up 34.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.29 earnings per share.

NFLX has been the topic of a number of other research reports. Nomura reiterated a “neutral” rating and set a $370.00 price objective on shares of Netflix in a research report on Wednesday. BidaskClub upgraded Netflix from a “hold” rating to a “buy” rating in a research report on Friday. Barclays set a $430.00 price objective on Netflix and gave the stock a “buy” rating in a research report on Wednesday. Pivotal Research lifted their price objective on Netflix from $420.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, June 21st. Finally, B. Riley lifted their price objective on Netflix from $315.00 to $322.00 and gave the stock a “buy” rating in a research report on Wednesday. Five analysts have rated the stock with a sell rating, eleven have given a hold rating and thirty-one have issued a buy rating to the stock. Netflix presently has an average rating of “Buy” and an average target price of $376.83.

NASDAQ NFLX opened at $346.71 on Friday. The company has a market capitalization of $158.81 billion, a PE ratio of 130.72, a PEG ratio of 4.66 and a beta of 0.89. Netflix has a 1-year low of $178.38 and a 1-year high of $423.21. The company has a current ratio of 1.39, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66.

In other Netflix news, Director Timothy M. Haley sold 21,882 shares of Netflix stock in a transaction on Tuesday, October 16th. The stock was sold at an average price of $336.41, for a total value of $7,361,323.62. Following the sale, the director now owns 9,177 shares in the company, valued at $3,087,234.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David B. Wells sold 1,000 shares of Netflix stock in a transaction on Monday, October 1st. The shares were sold at an average price of $376.61, for a total value of $376,610.00. Following the completion of the sale, the chief financial officer now owns 1,000 shares in the company, valued at approximately $376,610. The disclosure for this sale can be found here. Insiders sold 403,334 shares of company stock worth $142,463,785 in the last 90 days. Company insiders own 4.29% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. HPM Partners LLC grew its stake in shares of Netflix by 30.2% in the second quarter. HPM Partners LLC now owns 3,896 shares of the Internet television network’s stock valued at $1,525,000 after buying an additional 904 shares in the last quarter. Morgan Stanley grew its stake in shares of Netflix by 1.6% in the second quarter. Morgan Stanley now owns 2,364,657 shares of the Internet television network’s stock valued at $925,600,000 after buying an additional 37,425 shares in the last quarter. Private Capital Group LLC grew its stake in shares of Netflix by 33.1% in the second quarter. Private Capital Group LLC now owns 744 shares of the Internet television network’s stock valued at $291,000 after buying an additional 185 shares in the last quarter. Mackay Shields LLC grew its stake in shares of Netflix by 3.0% in the second quarter. Mackay Shields LLC now owns 169,338 shares of the Internet television network’s stock valued at $66,284,000 after buying an additional 4,917 shares in the last quarter. Finally, Iron Financial LLC acquired a new stake in shares of Netflix in the second quarter valued at $579,000. 73.83% of the stock is owned by institutional investors and hedge funds.

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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