Netflix (NASDAQ:NFLX) will be announcing its earnings results after the market closes on Tuesday, January 16th. Analysts expect the company to announce earnings of $0.41 per share for the quarter. Netflix has set its Q4 guidance at $0.41 EPS.
Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). Netflix had a net margin of 4.04% and a return on equity of 14.56%. The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.97 billion. During the same period in the prior year, the company posted $0.12 EPS. The company’s revenue was up 30.3% compared to the same quarter last year. On average, analysts expect Netflix to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Netflix (NFLX) opened at $221.23 on Friday. Netflix has a 12 month low of $130.58 and a 12 month high of $222.55. The firm has a market cap of $95,730.00, a price-to-earnings ratio of 223.46, a PEG ratio of 3.53 and a beta of 1.34. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47.
Several research firms recently commented on NFLX. UBS Group set a $250.00 price target on shares of Netflix and gave the stock a “buy” rating in a research note on Thursday. Barclays began coverage on shares of Netflix in a research note on Thursday. They issued an “overweight” rating and a $245.00 price target on the stock. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $240.00 price target on shares of Netflix in a research note on Monday, January 8th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $250.00 price target (up previously from $230.00) on shares of Netflix in a research note on Monday, January 8th. Finally, Credit Suisse Group set a $224.00 price target on shares of Netflix and gave the stock a “neutral” rating in a research note on Monday, January 8th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirty-six have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $211.77.
In other news, Director Richard N. Barton sold 700 shares of Netflix stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $211.27, for a total transaction of $147,889.00. Following the completion of the transaction, the director now directly owns 36,022 shares of the company’s stock, valued at approximately $7,610,367.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jonathan Friedland sold 995 shares of Netflix stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $219.92, for a total transaction of $218,820.40. Following the transaction, the insider now directly owns 1,016 shares of the company’s stock, valued at $223,438.72. The disclosure for this sale can be found here. Insiders have sold a total of 341,102 shares of company stock valued at $66,275,397 over the last three months. 4.90% of the stock is currently owned by insiders.
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Netflix Company Profile
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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