Netflix, Inc. (NASDAQ:NFLX) – Stock analysts at FBR & Co upped their FY2017 earnings per share (EPS) estimates for Netflix in a research note issued on Tuesday. FBR & Co analyst B. Crockett now anticipates that the Internet television network will post earnings per share of $1.33 for the year, up from their prior forecast of $1.22. FBR & Co currently has a “Buy” rating and a $207.00 price target on the stock. FBR & Co also issued estimates for Netflix’s Q4 2017 earnings at $0.41 EPS, FY2018 earnings at $1.98 EPS, FY2019 earnings at $3.21 EPS and FY2020 earnings at $4.95 EPS.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.03). The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. The business’s quarterly revenue was up 30.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.12 EPS.
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A number of other equities analysts have also recently commented on the company. Vetr raised Netflix from a “hold” rating to a “buy” rating and set a $210.19 target price for the company in a report on Thursday. Wedbush reissued a “hold” rating and set a $190.00 target price (up previously from $180.00) on shares of Netflix in a report on Wednesday. Societe Generale set a $132.00 target price on Netflix and gave the company a “sell” rating in a report on Wednesday. Stifel Nicolaus increased their target price on Netflix from $230.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Buckingham Research increased their target price on Netflix from $214.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirty-four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $205.69.
Netflix (NFLX) traded down 1.93% during trading on Wednesday, reaching $191.76. The company’s stock had a trading volume of 2,265,202 shares. The firm has a market capitalization of $82.92 billion, a P/E ratio of 191.57 and a beta of 1.09. The stock has a 50-day moving average of $185.59 and a 200 day moving average of $166.85. Netflix has a one year low of $98.38 and a one year high of $200.82.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Almanack Investment Partners LLC. purchased a new stake in shares of Netflix during the 2nd quarter valued at $101,000. TD Capital Management LLC purchased a new stake in shares of Netflix during the 2nd quarter valued at $105,000. SRS Capital Advisors Inc. grew its stake in shares of Netflix by 3,361.9% during the 1st quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock valued at $107,000 after buying an additional 706 shares during the period. Harfst & Associates Inc. purchased a new stake in shares of Netflix during the 1st quarter valued at $109,000. Finally, Aviance Capital Management LLC purchased a new stake in shares of Netflix during the 2nd quarter valued at $137,000. 81.02% of the stock is owned by institutional investors.
In other Netflix news, Director Richard N. Barton sold 1,000 shares of the business’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $187.79, for a total value of $187,790.00. Following the completion of the transaction, the director now directly owns 7,198 shares in the company, valued at approximately $1,351,712.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Reed Hastings sold 109,214 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 109,214 shares of the company’s stock, valued at $20,598,852.54. The disclosure for this sale can be found here. Insiders sold a total of 305,288 shares of company stock valued at $55,168,715 over the last quarter. 4.90% of the stock is currently owned by insiders.
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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