Equities analysts forecast that Roku Inc (NASDAQ:ROKU) will report earnings per share of ($0.11) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Roku’s earnings, with estimates ranging from ($0.11) to ($0.10). The business is expected to issue its next quarterly earnings results after the market closes on Wednesday, February 21st.
On average, analysts expect that Roku will report full year earnings of ($2.32) per share for the current financial year, with EPS estimates ranging from ($2.88) to ($1.75). For the next year, analysts expect that the company will post earnings of ($0.40) per share, with EPS estimates ranging from ($0.50) to ($0.30). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Roku.
A number of research analysts recently weighed in on the company. Zacks Investment Research raised Roku from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Wednesday, January 10th. Oppenheimer assumed coverage on Roku in a research note on Monday, October 23rd. They set a “market perform” rating and a $26.00 price target on the stock. Morgan Stanley assumed coverage on Roku in a research note on Monday, October 23rd. They set an “equal weight” rating and a $22.00 price target on the stock. Royal Bank of Canada assumed coverage on Roku in a research note on Monday, October 23rd. They set a “sector perform” rating and a $26.00 price target on the stock. Finally, CIBC assumed coverage on Roku in a research note on Monday, October 23rd. They set a “market perform” rating on the stock. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Roku currently has a consensus rating of “Hold” and an average target price of $35.37.
Roku (NASDAQ ROKU) traded up $1.83 during mid-day trading on Wednesday, reaching $44.85. The company had a trading volume of 3,429,665 shares, compared to its average volume of 4,880,000. Roku has a fifty-two week low of $15.75 and a fifty-two week high of $58.80. The company has a current ratio of 1.36, a quick ratio of 1.11 and a debt-to-equity ratio of -0.09. The firm has a market cap of $4,390.00 and a P/E ratio of -63.17.
Several institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company purchased a new stake in shares of Roku in the fourth quarter worth approximately $130,000. MYDA Advisors LLC purchased a new stake in shares of Roku in the fourth quarter worth approximately $207,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Roku in the fourth quarter worth approximately $247,000. Kessler Investment Group LLC purchased a new stake in shares of Roku in the fourth quarter worth approximately $254,000. Finally, Gabelli Funds LLC purchased a new stake in shares of Roku in the fourth quarter worth approximately $259,000. 23.54% of the stock is owned by hedge funds and other institutional investors.
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Roku Company Profile
Roku, Inc operates television streaming platform. The Company connects users to streaming content, enables content publishers to build and monetize audiences and provides advertisers with capabilities to engage consumers. Its Roku platform allows users to personalize their content selection with cable television replacement offerings and other streaming services that suit their budget and needs.
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