Analysts Offer Predictions for Netflix, Inc.’s FY2017 Earnings (NFLX)

Netflix, Inc. (NASDAQ:NFLX) – Investment analysts at Cantor Fitzgerald increased their FY2017 EPS estimates for Netflix in a research note issued to investors on Tuesday. Cantor Fitzgerald analyst K. Paulson now expects that the Internet television network will post earnings per share of $1.25 for the year, up from their previous estimate of $1.22. Cantor Fitzgerald currently has a “Buy” rating and a $235.00 target price on the stock.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same quarter last year, the business earned $0.12 EPS. Netflix’s revenue was up 30.3% on a year-over-year basis. ILLEGAL ACTIVITY WARNING: “Analysts Offer Predictions for Netflix, Inc.’s FY2017 Earnings (NFLX)” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The original version of this piece of content can be read at https://www.dispatchtribunal.com/2017/10/28/analysts-offer-predictions-for-netflix-inc-s-fy2017-earnings-nflx.html.

A number of other equities research analysts also recently issued reports on NFLX. SunTrust Banks, Inc. set a $175.00 price objective on Netflix and gave the stock a “hold” rating in a research report on Monday. Macquarie set a $200.00 target price on Netflix and gave the company a “neutral” rating in a research note on Tuesday. Atlantic Securities set a $235.00 price objective on Netflix and gave the company a “buy” rating in a research note on Tuesday. CIBC reaffirmed an “outperform” rating and set a $245.00 price objective (up from $215.00) on shares of Netflix in a research note on Tuesday. Finally, FBR & Co reaffirmed a “buy” rating and set a $207.00 price objective (up from $172.00) on shares of Netflix in a research note on Tuesday. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirty-four have issued a buy rating to the company. Netflix has a consensus rating of “Buy” and an average price target of $205.69.

Netflix (NASDAQ:NFLX) opened at 195.54 on Thursday. Netflix has a 52 week low of $98.38 and a 52 week high of $200.82. The stock has a 50 day moving average price of $185.59 and a 200 day moving average price of $166.85. The company has a market cap of $84.55 billion, a price-to-earnings ratio of 195.34 and a beta of 1.09.

Several institutional investors have recently made changes to their positions in the company. Quadrant Capital Group LLC lifted its holdings in Netflix by 0.6% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock worth $229,000 after purchasing an additional 10 shares during the last quarter. Guardian Life Insurance Co. of America lifted its holdings in shares of Netflix by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock worth $245,000 after buying an additional 11 shares during the last quarter. M Holdings Securities Inc. lifted its holdings in shares of Netflix by 0.5% during the first quarter. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network’s stock worth $365,000 after buying an additional 12 shares during the last quarter. Heritage Investors Management Corp lifted its holdings in shares of Netflix by 0.6% during the second quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network’s stock worth $298,000 after buying an additional 12 shares during the last quarter. Finally, Kalos Management Inc. lifted its holdings in shares of Netflix by 0.7% during the second quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock worth $242,000 after buying an additional 12 shares during the last quarter. Institutional investors and hedge funds own 81.02% of the company’s stock.

In other Netflix news, insider Jonathan Friedland sold 3,622 shares of Netflix stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $194.89, for a total transaction of $705,891.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Reed Hastings sold 109,214 shares of Netflix stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $188.61, for a total value of $20,598,852.54. Following the transaction, the chief executive officer now directly owns 109,214 shares in the company, valued at approximately $20,598,852.54. The disclosure for this sale can be found here. Insiders sold a total of 305,288 shares of company stock worth $55,168,715 in the last three months. 4.90% of the stock is currently owned by company insiders.

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.

Earnings History and Estimates for Netflix (NASDAQ:NFLX)

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