Analysts expect Netflix (NASDAQ:NFLX) to post sales of $3.93 billion for the current fiscal quarter, Zacks Investment Research reports. Fourteen analysts have made estimates for Netflix’s earnings, with the lowest sales estimate coming in at $3.91 billion and the highest estimate coming in at $3.95 billion. Netflix reported sales of $2.79 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 40.9%. The business is scheduled to announce its next earnings report on Monday, July 16th.

According to Zacks, analysts expect that Netflix will report full year sales of $16.12 billion for the current year, with estimates ranging from $15.96 billion to $16.28 billion. For the next financial year, analysts anticipate that the company will post sales of $20.19 billion per share, with estimates ranging from $18.56 billion to $21.14 billion. Zacks’ sales averages are an average based on a survey of research analysts that cover Netflix.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, April 16th. The Internet television network reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.01. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.69 billion. Netflix had a net margin of 5.26% and a return on equity of 19.11%. The business’s quarterly revenue was up 40.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.40 earnings per share.

Several research analysts have recently weighed in on the stock. Vetr downgraded shares of Netflix from a “hold” rating to a “sell” rating and set a $303.70 target price for the company. in a research note on Wednesday, April 18th. Zacks Investment Research downgraded shares of Netflix from a “buy” rating to a “hold” rating in a research note on Thursday, April 19th. Piper Jaffray upped their target price on shares of Netflix to $360.00 and gave the company an “overweight” rating in a research note on Friday, March 9th. Bank of America upped their target price on shares of Netflix from $300.00 to $347.00 and gave the company a “buy” rating in a research note on Tuesday, April 17th. Finally, BMO Capital Markets upped their target price on shares of Netflix from $310.00 to $324.00 and gave the company a “market perform” rating in a research note on Tuesday, April 17th. Four investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $296.12.

Shares of Netflix opened at $325.22 on Friday, MarketBeat reports. The firm has a market capitalization of $142.66 billion, a PE ratio of 260.18, a PEG ratio of 4.25 and a beta of 0.97. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.63. Netflix has a twelve month low of $325.21 and a twelve month high of $328.70.

In other Netflix news, CEO Reed Hastings sold 63,889 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $282.09, for a total transaction of $18,022,448.01. Following the transaction, the chief executive officer now owns 63,889 shares of the company’s stock, valued at approximately $18,022,448.01. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richard N. Barton sold 700 shares of the firm’s stock in a transaction dated Friday, May 11th. The shares were sold at an average price of $330.50, for a total transaction of $231,350.00. Following the transaction, the director now directly owns 7,393 shares in the company, valued at approximately $2,443,386.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 249,230 shares of company stock worth $77,215,089. 4.29% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. increased its stake in Netflix by 4.1% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 46,013 shares of the Internet television network’s stock valued at $8,833,000 after buying an additional 1,801 shares during the period. Navellier & Associates Inc increased its stake in Netflix by 8.4% during the 4th quarter. Navellier & Associates Inc now owns 3,991 shares of the Internet television network’s stock valued at $766,000 after buying an additional 309 shares during the period. Assetmark Inc. increased its stake in Netflix by 1,148.5% during the 4th quarter. Assetmark Inc. now owns 14,395 shares of the Internet television network’s stock valued at $2,763,000 after buying an additional 13,242 shares during the period. Maryland Capital Management acquired a new position in Netflix during the 4th quarter valued at about $249,000. Finally, Pittenger & Anderson Inc. increased its stake in Netflix by 14.3% during the 4th quarter. Pittenger & Anderson Inc. now owns 12,480 shares of the Internet television network’s stock valued at $2,396,000 after buying an additional 1,565 shares during the period. 81.40% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Company Profile

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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Earnings History and Estimates for Netflix (NASDAQ:NFLX)

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