Equities Analysts Set Expectations for Netflix, Inc.’s Q1 2019 Earnings (NASDAQ:NFLX)

Netflix, Inc. (NASDAQ:NFLX) – Jefferies Group issued their Q1 2019 earnings per share estimates for Netflix in a note issued to investors on Tuesday. Jefferies Group analyst J. Janedis anticipates that the Internet television network will post earnings per share of $1.16 for the quarter. Jefferies Group currently has a “Hold” rating on the stock. Jefferies Group also issued estimates for Netflix’s Q2 2019 earnings at $0.73 EPS.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The company’s revenue was up 32.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.09 EPS.

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Several other analysts also recently weighed in on the stock. Wedbush boosted their price objective on shares of Netflix from $68.00 to $73.00 and gave the stock an “underperform” rating in a research report on Tuesday, April 18th. Vetr upgraded shares of Netflix from a “sell” rating to a “hold” rating and set a $138.98 price objective for the company in a research report on Monday, April 17th. Pivotal Research boosted their price objective on shares of Netflix from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, April 18th. BidaskClub upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Finally, William Blair restated an “outperform” rating and set a $165.00 price objective on shares of Netflix in a research report on Saturday, April 22nd. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $175.13.

Netflix (NASDAQ:NFLX) opened at 171.40 on Friday. Netflix has a 12-month low of $93.26 and a 12-month high of $191.50. The firm has a 50 day moving average of $168.76 and a 200-day moving average of $153.74. The stock has a market cap of $74.00 billion, a PE ratio of 208.52 and a beta of 1.02.

Several hedge funds have recently added to or reduced their stakes in NFLX. Global Financial Private Capital LLC bought a new stake in Netflix during the second quarter worth $313,000. Winslow Capital Management LLC increased its stake in Netflix by 495,050.8% in the second quarter. Winslow Capital Management LLC now owns 623,890 shares of the Internet television network’s stock worth $93,216,000 after buying an additional 623,764 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Netflix by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 552,430 shares of the Internet television network’s stock worth $82,542,000 after buying an additional 30,964 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in Netflix by 0.5% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 102,463 shares of the Internet television network’s stock worth $15,309,000 after buying an additional 515 shares during the last quarter. Finally, Prisma Capital Partners LP bought a new stake in Netflix during the second quarter worth $6,619,000. 82.78% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Reed Hastings sold 115,577 shares of the firm’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $152.63, for a total transaction of $17,640,517.51. Following the completion of the sale, the chief executive officer now owns 115,577 shares of the company’s stock, valued at $17,640,517.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard N. Barton sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $157.81, for a total transaction of $315,620.00. Following the sale, the director now directly owns 8,012 shares of the company’s stock, valued at approximately $1,264,373.72. The disclosure for this sale can be found here. Insiders have sold 389,801 shares of company stock valued at $64,889,201 in the last three months. Corporate insiders own 4.90% of the company’s stock.

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.

Earnings History and Estimates for Netflix (NASDAQ:NFLX)

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