Netflix, Inc. Forecasted to Post Q1 2018 Earnings of $0.63 Per Share (NFLX)

Netflix, Inc. (NASDAQ:NFLX) – Equities researchers at Dougherty & Co issued their Q1 2018 EPS estimates for Netflix in a report released on Wednesday, according to Zacks Investment Research. Dougherty & Co analyst S. Frankel anticipates that the Internet television network will post earnings of $0.63 per share for the quarter.

Several other equities analysts also recently weighed in on the company. SunTrust Banks set a $270.00 target price on Netflix and gave the company a “hold” rating in a research report on Wednesday. Vetr downgraded Netflix from a “buy” rating to a “hold” rating and set a $265.73 target price for the company. in a research report on Tuesday. BidaskClub raised Netflix from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 31st. MKM Partners lifted their target price on Netflix from $245.00 to $320.00 and gave the company a “buy” rating in a research report on Monday, January 29th. Finally, UBS Group set a $290.00 price objective on Netflix and gave the company a “buy” rating in a research note on Thursday, January 25th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Netflix presently has an average rating of “Buy” and a consensus target price of $239.39.

Netflix (NASDAQ NFLX) traded up $0.32 during midday trading on Monday, reaching $258.27. The company’s stock had a trading volume of 6,853,800 shares, compared to its average volume of 10,739,356. The firm has a market cap of $112,080.00, a P/E ratio of 214.67, a P/E/G ratio of 3.60 and a beta of 1.04. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.40 and a current ratio of 1.40. Netflix has a 52 week low of $138.26 and a 52 week high of $286.81.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.41. The firm had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.28 billion. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The company’s quarterly revenue was up 32.6% on a year-over-year basis. During the same period last year, the company earned $0.15 EPS.

In related news, CEO Reed Hastings sold 75,243 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $196.25, for a total transaction of $14,766,438.75. Following the transaction, the chief executive officer now owns 75,243 shares of the company’s stock, valued at $14,766,438.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jonathan Friedland sold 2,743 shares of the company’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $205.59, for a total value of $563,933.37. Following the transaction, the insider now directly owns 1,147 shares in the company, valued at approximately $235,811.73. The disclosure for this sale can be found here. Insiders have sold 459,885 shares of company stock worth $105,163,627 in the last ninety days. 4.90% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. boosted its position in Netflix by 3.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 210,977 shares of the Internet television network’s stock worth $40,499,000 after purchasing an additional 6,524 shares in the last quarter. TimesSquare Capital Management LLC boosted its position in Netflix by 24.4% during the fourth quarter. TimesSquare Capital Management LLC now owns 18,005 shares of the Internet television network’s stock worth $3,456,000 after purchasing an additional 3,530 shares in the last quarter. Blue Pool Management Ltd. purchased a new stake in Netflix during the fourth quarter worth $11,153,000. Thrivent Financial For Lutherans boosted its position in Netflix by 5.9% during the fourth quarter. Thrivent Financial For Lutherans now owns 886,928 shares of the Internet television network’s stock worth $170,255,000 after purchasing an additional 49,021 shares in the last quarter. Finally, Profund Advisors LLC boosted its position in Netflix by 11.0% during the fourth quarter. Profund Advisors LLC now owns 80,625 shares of the Internet television network’s stock worth $15,477,000 after purchasing an additional 7,974 shares in the last quarter. Institutional investors own 82.38% of the company’s stock.

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About Netflix

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

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