FY2017 Earnings Forecast for Roku, Inc. (ROKU) Issued By Oppenheimer Holdings
Roku, Inc. (NASDAQ:ROKU) – Investment analysts at Oppenheimer Holdings cut their FY2017 earnings per share estimates for Roku in a research note issued on Thursday. Oppenheimer Holdings analyst J. Helfstein now expects that the company will earn ($2.88) per share for the year, down from their prior estimate of ($1.48). Oppenheimer Holdings has a “Market Perform” rating and a $26.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Roku’s Q4 2017 earnings at ($0.10) EPS, Q1 2018 earnings at ($0.21) EPS, Q2 2018 earnings at ($0.14) EPS, Q3 2018 earnings at ($0.11) EPS, FY2018 earnings at ($0.41) EPS and FY2019 earnings at ($0.21) EPS.
Several other equities analysts also recently weighed in on ROKU. Morgan Stanley started coverage on Roku in a research report on Monday, October 23rd. They set an “equal weight” rating and a $22.00 target price on the stock. Royal Bank Of Canada started coverage on Roku in a report on Monday, October 23rd. They set a “sector perform” rating and a $26.00 price objective for the company. CIBC started coverage on Roku in a report on Monday, October 23rd. They set a “market perform” rating for the company. Needham & Company LLC began coverage on Roku in a report on Monday, October 23rd. They set a “buy” rating and a $28.00 price objective for the company. Finally, Citigroup Inc. began coverage on Roku in a report on Monday, October 23rd. They issued a “neutral” rating and a $24.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Roku presently has an average rating of “Hold” and an average price target of $26.20.
Shares of Roku (NASDAQ ROKU) opened at $42.71 on Monday. Roku has a 12 month low of $15.75 and a 12 month high of $47.49.
Roku (NASDAQ:ROKU) last issued its earnings results on Wednesday, November 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.68) by $1.58. The business had revenue of $124.80 million for the quarter, compared to the consensus estimate of $110.47 million. Roku’s revenue was up 40.1% on a year-over-year basis.
In other news, major shareholder Mv Management X, L.L.C. sold 6,900,000 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $14.00, for a total value of $96,600,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link.
Several institutional investors and hedge funds have recently modified their holdings of ROKU. SG Americas Securities LLC purchased a new stake in shares of Roku in the third quarter worth about $273,000. Sei Investments Co. purchased a new position in Roku during the third quarter worth approximately $544,000. FNY Managed Accounts LLC purchased a new position in Roku during the third quarter worth approximately $599,000. Nationwide Fund Advisors purchased a new position in Roku during the third quarter worth approximately $1,009,000. Finally, Citadel Advisors LLC purchased a new position in Roku during the third quarter worth approximately $1,122,000. Hedge funds and other institutional investors own 0.70% of the company’s stock.
Roku Company Profile
Roku, Inc is a United States-based company engaged in creating streaming platform for delivering entertainment to the television. The Company’s products include Roku 4, Roku 3, Roku 2, Roku 1, Roku Streaming Stick and accessories, such as cables, remote controls, power adapters and headphones. Its Roku streaming players and the Roku Streaming Stick are sold through retailers in the United States, Canada, the United Kingdom, the Republic of Ireland, Mexico and France.
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