Wall Street analysts predict that Netflix, Inc. (NASDAQ:NFLX) will announce earnings per share (EPS) of $0.59 for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have provided estimates for Netflix’s earnings, with the lowest EPS estimate coming in at $0.54 and the highest estimate coming in at $0.84. Netflix reported earnings of $0.85 per share during the same quarter last year, which suggests a negative year over year growth rate of 30.6%. The business is scheduled to announce its next quarterly earnings report on Monday, July 15th.

On average, analysts expect that Netflix will report full year earnings of $3.50 per share for the current year, with EPS estimates ranging from $2.95 to $4.29. For the next financial year, analysts expect that the firm will post earnings of $6.09 per share, with EPS estimates ranging from $3.88 to $7.77. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Netflix.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, April 16th. The Internet television network reported $0.76 EPS for the quarter, beating the consensus estimate of $0.57 by $0.19. The business had revenue of $4.52 billion for the quarter, compared to analysts’ expectations of $4.50 billion. Netflix had a net margin of 7.61% and a return on equity of 24.75%. The firm’s revenue was up 22.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.64 EPS.

Several analysts have recently weighed in on NFLX shares. SunTrust Banks reiterated a “buy” rating and set a $402.00 target price on shares of Netflix in a research report on Wednesday, March 27th. UBS Group began coverage on Netflix in a research note on Tuesday, April 2nd. They issued a “neutral” rating and a $350.00 target price on the stock. Buckingham Research cut their target price on Netflix from $382.00 to $358.00 and set a “neutral” rating on the stock in a research note on Wednesday. Rosenblatt Securities reiterated a “hold” rating on shares of Netflix in a research note on Wednesday. Finally, Wedbush lifted their target price on Netflix from $165.00 to $183.00 and gave the company an “underperform” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $385.15.

NFLX traded up $5.61 during trading on Friday, hitting $360.35. The company had a trading volume of 8,353,165 shares, compared to its average volume of 7,931,220. The stock has a market capitalization of $157.33 billion, a P/E ratio of 134.46, a P/E/G ratio of 3.44 and a beta of 1.36. Netflix has a one year low of $231.23 and a one year high of $423.21. The company has a current ratio of 0.61, a quick ratio of 1.49 and a debt-to-equity ratio of 1.81.

In related news, CEO Reed Hastings sold 52,458 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $367.25, for a total transaction of $19,265,200.50. Following the completion of the sale, the chief executive officer now directly owns 52,458 shares in the company, valued at $19,265,200.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anne M. Sweeney sold 1,649 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $370.00, for a total value of $610,130.00. Following the sale, the director now owns 609 shares of the company’s stock, valued at $225,330. The disclosure for this sale can be found here. Insiders have sold 184,381 shares of company stock valued at $64,721,327 in the last ninety days. Corporate insiders own 4.29% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc lifted its stake in shares of Netflix by 0.8% in the 3rd quarter. Vanguard Group Inc now owns 30,143,430 shares of the Internet television network’s stock valued at $11,277,562,000 after purchasing an additional 249,147 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Netflix by 17,848.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 23,931,481 shares of the Internet television network’s stock worth $89,000 after purchasing an additional 23,798,143 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Netflix by 9.0% during the 4th quarter. Jennison Associates LLC now owns 9,598,888 shares of the Internet television network’s stock worth $2,569,238,000 after purchasing an additional 792,338 shares during the last quarter. Baillie Gifford & Co. increased its stake in shares of Netflix by 1.8% during the 4th quarter. Baillie Gifford & Co. now owns 7,629,879 shares of the Internet television network’s stock worth $2,042,214,000 after purchasing an additional 136,096 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Netflix by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 5,342,932 shares of the Internet television network’s stock worth $1,427,434,000 after purchasing an additional 148,252 shares during the last quarter. Hedge funds and other institutional investors own 76.10% of the company’s stock.

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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