Netflix, Inc. to Post Q1 2019 Earnings of $1.16 Per Share, Jefferies Group Forecasts (NASDAQ:NFLX)
Netflix, Inc. (NASDAQ:NFLX) – Equities research analysts at Jefferies Group issued their Q1 2019 earnings estimates for Netflix in a research report issued to clients and investors on Tuesday. Jefferies Group analyst J. Janedis expects that the Internet television network will earn $1.16 per share for the quarter. Jefferies Group has a “Hold” rating on the stock. Jefferies Group also issued estimates for Netflix’s Q2 2019 earnings at $0.73 EPS.
Several other analysts also recently commented on NFLX. Raymond James Financial, Inc. reiterated an “outperform” rating and issued a $205.00 target price (up previously from $165.00) on shares of Netflix in a report on Tuesday, July 18th. Guggenheim increased their target price on shares of Netflix from $160.00 to $173.00 and gave the company a “buy” rating in a report on Tuesday, April 18th. William Blair reiterated an “outperform” rating and issued a $165.00 target price on shares of Netflix in a report on Saturday, April 22nd. Vetr upgraded shares of Netflix from a “sell” rating to a “hold” rating and set a $158.60 target price for the company in a report on Monday, May 15th. Finally, Cantor Fitzgerald increased their target price on shares of Netflix from $165.00 to $190.00 and gave the company an “overweight” rating in a report on Tuesday, June 6th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $175.13.
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Shares of Netflix (NFLX) traded up 1.34% during midday trading on Friday, reaching $171.40. 5,002,349 shares of the company’s stock traded hands. Netflix has a 52-week low of $93.26 and a 52-week high of $191.50. The firm has a market cap of $74.00 billion, a PE ratio of 208.52 and a beta of 1.02. The company has a 50 day moving average of $168.29 and a 200 day moving average of $153.50.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.01. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the previous year, the firm posted $0.09 earnings per share. The firm’s quarterly revenue was up 32.3% on a year-over-year basis.
Several hedge funds have recently made changes to their positions in the stock. Almanack Investment Partners LLC. acquired a new stake in shares of Netflix during the second quarter worth approximately $101,000. Clean Yield Group acquired a new stake in shares of Netflix during the first quarter worth approximately $103,000. TD Capital Management LLC acquired a new stake in shares of Netflix during the second quarter worth approximately $105,000. SRS Capital Advisors Inc. boosted its position in shares of Netflix by 3,361.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock worth $107,000 after buying an additional 706 shares during the last quarter. Finally, Harfst & Associates Inc. purchased a new position in shares of Netflix during the first quarter worth about $109,000. Hedge funds and other institutional investors own 82.78% of the company’s stock.
In other news, Director Richard N. Barton sold 1,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $181.37, for a total transaction of $181,370.00. Following the sale, the director now owns 8,012 shares in the company, valued at approximately $1,453,136.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $157.81, for a total transaction of $315,620.00. Following the sale, the director now owns 8,012 shares in the company, valued at approximately $1,264,373.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 389,801 shares of company stock worth $64,889,201. Company insiders own 4.90% of the company’s stock.
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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