Netflix (NASDAQ:NFLX) issued its earnings results on Monday. The Internet television network reported $3.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.77, MarketWatch Earnings reports. Netflix had a net margin of 11.78% and a return on equity of 31.48%. The business had revenue of $7.16 billion during the quarter, compared to analysts’ expectations of $7.13 billion. During the same quarter in the prior year, the business posted $1.57 EPS. The company’s revenue for the quarter was up 24.2% on a year-over-year basis.
NFLX stock traded down $40.67 during midday trading on Wednesday, reaching $508.90. 22,427,163 shares of the company’s stock traded hands, compared to its average volume of 4,883,612. The company has a market capitalization of $225.39 billion, a P/E ratio of 82.08, a PEG ratio of 1.86 and a beta of 0.92. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.24 and a quick ratio of 1.24. Netflix has a fifty-two week low of $393.60 and a fifty-two week high of $593.29. The business has a 50-day moving average price of $528.50 and a two-hundred day moving average price of $521.08.
Several research analysts have recently issued reports on NFLX shares. Canaccord Genuity lowered their target price on shares of Netflix from $670.00 to $650.00 and set a “buy” rating for the company in a report on Wednesday. Stifel Nicolaus upgraded shares of Netflix from a “hold” rating to a “buy” rating and upped their target price for the company from $550.00 to $560.00 in a report on Wednesday. Macquarie lowered their target price on shares of Netflix from $600.00 to $525.00 and set a “neutral” rating for the company in a report on Wednesday. Cowen lowered their target price on shares of Netflix from $675.00 to $650.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Evercore ISI started coverage on shares of Netflix in a report on Tuesday, April 6th. They issued an “outperform” rating and a $665.00 target price for the company. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-eight have given a buy rating to the company. Netflix presently has an average rating of “Buy” and a consensus target price of $583.29.
In other news, Director Jay C. Hoag sold 974 shares of Netflix stock in a transaction that occurred on Friday, February 5th. The shares were sold at an average price of $548.93, for a total transaction of $534,657.82. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jay C. Hoag sold 3,578 shares of Netflix stock in a transaction that occurred on Monday, February 8th. The shares were sold at an average price of $553.16, for a total transaction of $1,979,206.48. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.
Netflix, Inc provides entertainment services. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.
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