Roku, Inc. (NASDAQ:ROKU) – Equities researchers at William Blair decreased their FY2017 EPS estimates for Roku in a research report issued to clients and investors on Thursday. William Blair analyst R. Schackart now expects that the company will earn ($1.75) per share for the year, down from their previous estimate of ($1.32). William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Roku’s Q4 2017 earnings at ($0.11) EPS, Q1 2018 earnings at ($0.25) EPS, Q2 2018 earnings at ($0.18) EPS, Q3 2018 earnings at ($0.08) EPS, Q4 2018 earnings at $0.00 EPS, FY2018 earnings at ($0.50) EPS, FY2019 earnings at ($0.15) EPS and FY2020 earnings at $0.32 EPS.
Roku (NASDAQ:ROKU) last issued its earnings results on Wednesday, November 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.68) by $1.58. The firm had revenue of $124.80 million during the quarter, compared to analysts’ expectations of $110.47 million. The firm’s quarterly revenue was up 40.1% compared to the same quarter last year.
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ROKU has been the subject of several other research reports. Needham & Company LLC initiated coverage on Roku in a research note on Monday, October 23rd. They issued a “buy” rating and a $28.00 target price for the company. Morgan Stanley upped their target price on Roku from $22.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 9th. Citigroup Inc. initiated coverage on Roku in a research note on Monday, October 23rd. They issued a “neutral” rating and a $24.00 target price for the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $28.00 target price (up previously from $26.00) on shares of Roku in a research note on Thursday, November 9th. Finally, CIBC initiated coverage on Roku in a research note on Monday, October 23rd. They issued a “market perform” rating for the company. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $26.20.
Shares of Roku (ROKU) opened at $36.95 on Monday. Roku has a 52 week low of $15.75 and a 52 week high of $48.80.
In other news, major shareholder Mv Management X, L.L.C. sold 6,900,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $14.00, for a total transaction of $96,600,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Several large investors have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. purchased a new stake in shares of Roku during the third quarter valued at approximately $216,000. SG Americas Securities LLC purchased a new stake in shares of Roku during the third quarter valued at approximately $273,000. Sei Investments Co. purchased a new stake in shares of Roku during the third quarter valued at approximately $544,000. FNY Managed Accounts LLC purchased a new stake in Roku in the third quarter worth $599,000. Finally, Nationwide Fund Advisors purchased a new stake in Roku in the third quarter worth $1,009,000. 0.70% of the stock is owned by hedge funds and other institutional investors.
Roku Company Profile
Roku, Inc is a United States-based company engaged in creating streaming platform for delivering entertainment to the television. The Company’s products include Roku 4, Roku 3, Roku 2, Roku 1, Roku Streaming Stick and accessories, such as cables, remote controls, power adapters and headphones. Its Roku streaming players and the Roku Streaming Stick are sold through retailers in the United States, Canada, the United Kingdom, the Republic of Ireland, Mexico and France.
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