Dougherty & Co Comments on Netflix’s FY2018 Earnings (NFLX)

Netflix (NASDAQ:NFLX) – Stock analysts at Dougherty & Co lifted their FY2018 earnings per share (EPS) estimates for shares of Netflix in a research note issued to investors on Wednesday, April 18th. Dougherty & Co analyst S. Frankel now anticipates that the Internet television network will earn $2.83 per share for the year, up from their prior estimate of $2.72. Dougherty & Co also issued estimates for Netflix’s FY2019 earnings at $4.45 EPS.

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Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, April 16th. The Internet television network reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.01. Netflix had a return on equity of 19.11% and a net margin of 5.26%. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the prior year, the company earned $0.40 EPS. Netflix’s revenue was up 40.3% on a year-over-year basis.

NFLX has been the topic of several other research reports. Vetr lowered Netflix from a “hold” rating to a “sell” rating and set a $266.74 target price on the stock. in a research note on Thursday, February 22nd. Raymond James increased their price target on Netflix from $290.00 to $330.00 and gave the company an “outperform” rating in a research report on Tuesday, April 10th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $266.00 price target (up previously from $224.00) on shares of Netflix in a research report on Tuesday, January 23rd. Loop Capital increased their price target on Netflix from $237.00 to $241.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Finally, Buckingham Research reaffirmed a “neutral” rating and issued a $251.00 price target (up previously from $235.00) on shares of Netflix in a research report on Thursday, January 18th. Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $293.44.

NFLX opened at $327.77 on Friday. Netflix has a 12-month low of $140.90 and a 12-month high of $338.82. The company has a current ratio of 1.30, a quick ratio of 1.40 and a debt-to-equity ratio of 1.63. The stock has a market cap of $144,610.50, a P/E ratio of 262.22, a PEG ratio of 4.33 and a beta of 0.99.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Netflix by 4.1% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 46,013 shares of the Internet television network’s stock valued at $8,833,000 after buying an additional 1,801 shares during the period. Certified Advisory Corp acquired a new stake in shares of Netflix in the 4th quarter valued at approximately $378,000. Wagner Wealth Management LLC acquired a new stake in shares of Netflix in the 4th quarter valued at approximately $125,000. D.B. Root & Company LLC acquired a new stake in shares of Netflix in the 4th quarter valued at approximately $994,000. Finally, Xact Kapitalforvaltning AB lifted its holdings in shares of Netflix by 9.4% in the 4th quarter. Xact Kapitalforvaltning AB now owns 76,669 shares of the Internet television network’s stock valued at $14,717,000 after buying an additional 6,602 shares during the period. 81.65% of the stock is owned by institutional investors and hedge funds.

In other news, Director Richard N. Barton sold 350 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $263.00, for a total value of $92,050.00. Following the completion of the sale, the director now directly owns 7,332 shares of the company’s stock, valued at approximately $1,928,316. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Reed Hastings sold 75,369 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $225.52, for a total value of $16,997,216.88. Following the completion of the sale, the chief executive officer now directly owns 75,369 shares of the company’s stock, valued at $16,997,216.88. The disclosure for this sale can be found here. Insiders sold a total of 442,200 shares of company stock worth $119,779,880 over the last quarter. Company insiders own 4.90% of the company’s stock.

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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.

Earnings History and Estimates for Netflix (NASDAQ:NFLX)

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