Netflix, Inc. (NFLX) Issues Q4 Earnings Guidance
Netflix, Inc. (NASDAQ:NFLX) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided EPS guidance of $0.41 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.34. The company issued revenue guidance of $3.274 billion, compared to the consensus revenue estimate of $3.15 billion.
Shares of Netflix, Inc. (NASDAQ:NFLX) traded up 1.60% during trading on Monday, hitting $202.68. The stock had a trading volume of 21,400,237 shares. The company has a market capitalization of $87.51 billion, a price-to-earnings ratio of 246.57 and a beta of 1.09. Netflix, Inc. has a 1-year low of $98.38 and a 1-year high of $202.83. The firm has a 50 day moving average of $183.35 and a 200 day moving average of $165.87.
Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). Netflix had a net margin of 3.55% and a return on equity of 12.82%. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same quarter last year, the firm earned $0.12 EPS. The company’s revenue for the quarter was up 30.3% on a year-over-year basis. Analysts expect that Netflix, Inc. will post $1.19 EPS for the current fiscal year.
A number of equities research analysts recently issued reports on the company. Sanford C. Bernstein set a $203.00 target price on Netflix and gave the company a buy rating in a research report on Wednesday, August 30th. Citigroup Inc. lifted their target price on Netflix from $180.00 to $205.00 and gave the company a neutral rating in a research report on Friday. Morgan Stanley reissued an overweight rating and issued a $185.00 target price (up previously from $175.00) on shares of Netflix in a research report on Thursday, July 13th. Vetr lowered Netflix from a sell rating to a strong sell rating and set a $162.49 target price on the stock. in a research report on Monday, September 18th. Finally, Robert W. Baird reissued a hold rating and issued a $175.00 target price on shares of Netflix in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating and thirty-one have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $191.42.
In related news, Director Richard N. Barton sold 2,000 shares of the stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $196.16, for a total transaction of $392,320.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gregory K. Peters sold 12,768 shares of the stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $177.38, for a total value of $2,264,787.84. Following the sale, the insider now directly owns 19,208 shares of the company’s stock, valued at $3,407,115.04. The disclosure for this sale can be found here. Insiders have sold 318,067 shares of company stock valued at $57,315,706 over the last ninety days. 4.90% of the stock is currently owned by company insiders.
Netflix Company Profile
Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
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