Netflix, Inc. Forecasted to Post Q4 2017 Earnings of $0.25 Per Share (NFLX)

Netflix, Inc. (NASDAQ:NFLX) – Analysts at Oppenheimer Holdings boosted their Q4 2017 EPS estimates for shares of Netflix in a research note issued on Tuesday, according to Zacks Investment Research. Oppenheimer Holdings analyst J. Helfstein now expects that the Internet television network will post earnings per share of $0.25 for the quarter, up from their previous estimate of $0.24. Oppenheimer Holdings has a “Outperform” rating and a $165.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Netflix’s FY2020 earnings at $4.99 EPS.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, April 17th. The Internet television network reported $0.40 EPS for the quarter, topping the consensus estimate of $0.37 by $0.03. Netflix had a net margin of 2.11% and a return on equity of 7.51%. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter last year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 34.7% compared to the same quarter last year.

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Earnings History and Estimates for Netflix (NASDAQ:NFLX)

NFLX has been the topic of several other reports. FBR & Co reiterated a “hold” rating and set a $144.00 target price on shares of Netflix in a research report on Tuesday, April 11th. Guggenheim boosted their price target on shares of Netflix from $160.00 to $173.00 and gave the company a “buy” rating in a research report on Tuesday, April 18th. Deutsche Bank AG boosted their price target on shares of Netflix from $110.00 to $125.00 and gave the company a “hold” rating in a research report on Monday, March 20th. William Blair restated an “outperform” rating and issued a $165.00 price target on shares of Netflix in a research report on Saturday, April 22nd. Finally, Vetr lowered shares of Netflix from a “hold” rating to a “sell” rating and set a $137.92 price target on the stock. in a research report on Monday, March 13th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-six have issued a buy rating to the company. Netflix has a consensus rating of “Buy” and a consensus price target of $146.09.

Shares of Netflix (NASDAQ:NFLX) opened at 157.46 on Thursday. Netflix has a 1-year low of $84.50 and a 1-year high of $158.59. The firm has a market cap of $67.86 billion, a price-to-earnings ratio of 203.70 and a beta of 1.27. The company’s 50-day moving average is $147.08 and its 200 day moving average is $135.12.

In other news, CEO Reed Hastings sold 84,469 shares of the stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $142.71, for a total value of $12,054,570.99. Following the transaction, the chief executive officer now directly owns 84,469 shares of the company’s stock, valued at $12,054,570.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard N. Barton sold 1,000 shares of the stock in a transaction dated Tuesday, April 18th. The shares were sold at an average price of $147.39, for a total transaction of $147,390.00. Following the completion of the transaction, the director now directly owns 8,012 shares in the company, valued at $1,180,888.68. The disclosure for this sale can be found here. Insiders sold 363,246 shares of company stock worth $52,612,941 over the last three months. Insiders own 4.90% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Matrix Capital Management Company LP acquired a new position in Netflix during the third quarter worth approximately $394,732,000. Viking Global Investors LP raised its position in Netflix by 145.5% in the fourth quarter. Viking Global Investors LP now owns 6,469,312 shares of the Internet television network’s stock worth $800,901,000 after buying an additional 3,834,045 shares in the last quarter. Norges Bank acquired a new position in Netflix during the fourth quarter worth approximately $357,283,000. Jennison Associates LLC raised its position in Netflix by 21.4% in the first quarter. Jennison Associates LLC now owns 12,947,211 shares of the Internet television network’s stock worth $1,913,727,000 after buying an additional 2,279,835 shares in the last quarter. Finally, Capital Research Global Investors raised its position in Netflix by 3.6% in the third quarter. Capital Research Global Investors now owns 51,745,376 shares of the Internet television network’s stock worth $5,099,507,000 after buying an additional 1,777,574 shares in the last quarter. 80.42% of the stock is currently owned by institutional investors.

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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