Netflix, Inc. (NASDAQ:NFLX) to Post Q1 2018 Earnings of $0.53 Per Share, KeyCorp Forecasts

Netflix, Inc. (NASDAQ:NFLX) – Research analysts at KeyCorp upped their Q1 2018 EPS estimates for shares of Netflix in a research note issued to investors on Thursday, Zacks Investment Research reports. KeyCorp analyst A. Hargreaves now anticipates that the Internet television network will earn $0.53 per share for the quarter, up from their previous estimate of $0.50. KeyCorp has a “Overweight” rating and a $270.00 price objective on the stock. KeyCorp also issued estimates for Netflix’s Q2 2018 earnings at $0.61 EPS, Q3 2018 earnings at $0.64 EPS and FY2018 earnings at $2.47 EPS.

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

Several other equities research analysts have also recently commented on NFLX. Stifel Nicolaus boosted their price target on shares of Netflix from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Societe Generale set a $132.00 price objective on shares of Netflix and gave the stock a “sell” rating in a research note on Wednesday, October 18th. Wedbush restated a “hold” rating and set a $190.00 price objective (up from $180.00) on shares of Netflix in a research note on Wednesday, October 18th. Vetr upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $210.19 price objective on the stock in a research note on Thursday, October 19th. Finally, Needham & Company LLC restated a “neutral” rating on shares of Netflix in a research note on Thursday, October 19th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $239.39.

Shares of Netflix (NFLX) opened at $266.00 on Monday. 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. The company has a market cap of $112,075.85, a PE ratio of 212.80, a price-to-earnings-growth ratio of 3.61 and a beta of 1.04.

In other Netflix news, CFO David B. Wells sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $193.30, for a total value of $193,300.00. Following the completion of the transaction, the chief financial officer now directly owns 1,000 shares in the company, valued at approximately $193,300. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Reed Hastings sold 75,243 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $196.25, for a total transaction of $14,766,438.75. Following the completion of the transaction, the chief executive officer now owns 75,243 shares of the company’s stock, valued at $14,766,438.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 469,901 shares of company stock valued at $107,797,603. Corporate insiders own 4.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in NFLX. Balentine LLC increased its position in shares of Netflix by 1,020.4% during the third quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock worth $100,000 after buying an additional 500 shares during the period. James Hambro & Partners acquired a new stake in shares of Netflix during the fourth quarter worth $106,000. Duncker Streett & Co. Inc. increased its position in shares of Netflix by 47.1% during the fourth quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock worth $120,000 after buying an additional 200 shares during the period. Aviance Capital Management LLC acquired a new stake in shares of Netflix during the second quarter worth $137,000. Finally, Crewe Advisors LLC acquired a new stake in shares of Netflix during the fourth quarter worth $149,000. Hedge funds and other 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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