Wall Street brokerages forecast that Netflix, Inc. (NASDAQ:NFLX) will post $0.58 earnings per share for the current quarter, Zacks Investment Research reports. Eleven analysts have made estimates for Netflix’s earnings. The highest EPS estimate is $0.69 and the lowest is $0.53. Netflix posted earnings of $0.64 per share in the same quarter last year, which would indicate a negative year over year growth rate of 9.4%. The company is scheduled to announce its next earnings report on Monday, April 15th.

On average, analysts expect that Netflix will report full-year earnings of $4.05 per share for the current year, with EPS estimates ranging from $3.68 to $4.71. For the next year, analysts anticipate that the firm will report earnings of $6.46 per share, with EPS estimates ranging from $5.00 to $7.45. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Netflix.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, January 17th. The Internet television network reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. Netflix had a net margin of 7.67% and a return on equity of 25.82%. The company had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the previous year, the company earned $0.41 EPS. Netflix’s revenue for the quarter was up 27.4% on a year-over-year basis.

A number of research firms recently weighed in on NFLX. JPMorgan Chase & Co. lowered their target price on shares of Netflix from $425.00 to $425.00 and set an “overweight” rating on the stock in a research note on Monday, January 14th. Nomura reiterated a “neutral” rating and issued a $320.00 price target (up from $300.00) on shares of Netflix in a report on Friday, January 18th. Argus reiterated a “hold” rating on shares of Netflix in a report on Tuesday, January 22nd. UBS Group upgraded shares of Netflix from a “neutral” rating to a “buy” rating in a report on Thursday, January 10th. Finally, Wedbush lifted their price target on shares of Netflix from $150.00 to $165.00 and gave the company an “underperform” rating in a report on Friday, January 18th. Six research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $375.75.

Shares of NFLX traded down $2.39 during trading hours on Thursday, reaching $358.82. 5,068,492 shares of the stock traded hands, compared to its average volume of 10,306,094. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.49 and a current ratio of 1.49. Netflix has a 52-week low of $231.23 and a 52-week high of $423.21. The stock has a market cap of $157.70 billion, a price-to-earnings ratio of 133.89, a price-to-earnings-growth ratio of 2.94 and a beta of 1.37.

In related news, CEO Reed Hastings sold 67,907 shares of Netflix stock in a transaction dated Tuesday, January 22nd. The shares were sold at an average price of $328.17, for a total transaction of $22,285,040.19. Following the completion of the transaction, the chief executive officer now directly owns 67,907 shares of the company’s stock, valued at approximately $22,285,040.19. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Anne M. Sweeney sold 1,649 shares of Netflix stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $370.00, for a total transaction of $610,130.00. Following the transaction, the director now directly owns 609 shares of the company’s stock, valued at $225,330. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 197,639 shares of company stock worth $61,581,281. Insiders own 4.29% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Financial Insights Inc. purchased a new position in shares of Netflix during the 4th quarter worth about $261,000. Belpointe Asset Management LLC boosted its stake in shares of Netflix by 44.4% during the 4th quarter. Belpointe Asset Management LLC now owns 2,560 shares of the Internet television network’s stock worth $685,000 after purchasing an additional 787 shares during the period. Norges Bank purchased a new position in shares of Netflix during the 4th quarter worth about $1,209,406,000. Actinver Wealth Management Inc. purchased a new position in shares of Netflix during the 4th quarter worth about $237,000. Finally, Swaine & Leidel Wealth Services LLC purchased a new position in shares of Netflix during the 4th quarter worth about $487,000. 75.08% of the stock is owned by hedge funds and other institutional investors.

Netflix Company Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. 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 screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Earnings History and Estimates for Netflix (NASDAQ:NFLX)

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