Netflix, Inc. (NFLX) Expected to Post Q4 2018 Earnings of $0.30 Per Share

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Netflix, Inc. (NASDAQ:NFLX) – Stock analysts at Wedbush cut their Q4 2018 earnings per share estimates for shares of Netflix in a research report issued to clients and investors on Wednesday, October 17th, according to Zacks Investment Research. Wedbush analyst M. Pachter now expects that the Internet television network will post earnings of $0.30 per share for the quarter, down from their previous estimate of $0.52. Wedbush has a “Underperform” rating and a $150.00 price objective on the stock. Wedbush also issued estimates for Netflix’s Q4 2019 earnings at $0.99 EPS and FY2019 earnings at $3.75 EPS.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. reissued a “buy” rating and set a $415.00 price target on shares of Netflix in a report on Tuesday, July 17th. BidaskClub lowered Netflix from a “buy” rating to a “hold” rating in a report on Thursday, August 16th. Credit Suisse Group reissued a “buy” rating and set a $470.00 price target on shares of Netflix in a report on Monday, October 1st. B. Riley raised their price target on Netflix from $315.00 to $322.00 and gave the company a “buy” rating in a report on Wednesday, October 17th. Finally, Sanford C. Bernstein reissued a “buy” rating and set a $465.00 price target on shares of Netflix in a report on Wednesday, October 17th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty-one have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $378.74.

Shares of NFLX traded down $14.45 during trading hours on Friday, reaching $303.47. 13,462,812 shares of the company’s stock traded hands, compared to its average volume of 17,085,652. The firm has a market capitalization of $142.82 billion, a price-to-earnings ratio of 242.78, a price-to-earnings-growth ratio of 4.15 and a beta of 1.18. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.39 and a current ratio of 1.39. Netflix has a twelve month low of $178.38 and a twelve month high of $423.21.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, October 16th. The Internet television network reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.99 billion. Netflix had a return on equity of 29.52% and a net margin of 8.48%. The company’s quarterly revenue was up 34.0% compared to the same quarter last year. During the same period last year, the company earned $0.29 earnings per share.

In related news, CFO David B. Wells sold 1,000 shares of the stock in a transaction on Monday, November 5th. The stock was sold at an average price of $311.10, for a total value of $311,100.00. Following the completion of the transaction, the chief financial officer now owns 1,000 shares in the company, valued at approximately $311,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Reed Hastings sold 105,868 shares of the stock in a transaction on Monday, October 22nd. The shares were sold at an average price of $328.75, for a total value of $34,804,105.00. Following the completion of the transaction, the chief executive officer now owns 105,868 shares of the company’s stock, valued at approximately $34,804,105. The disclosure for this sale can be found here. Insiders sold a total of 335,842 shares of company stock valued at $113,900,463 in the last quarter. 4.29% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Berkeley Capital Partners LLC boosted its position in Netflix by 17.3% during the 2nd quarter. Berkeley Capital Partners LLC now owns 1,008 shares of the Internet television network’s stock worth $273,000 after acquiring an additional 149 shares during the period. Capstone Financial Advisors Inc. boosted its position in Netflix by 17.8% during the 2nd quarter. Capstone Financial Advisors Inc. now owns 1,006 shares of the Internet television network’s stock worth $394,000 after acquiring an additional 152 shares during the period. Cornerstone Advisors Inc. boosted its position in Netflix by 9.6% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,740 shares of the Internet television network’s stock worth $681,000 after acquiring an additional 153 shares during the period. Cobblestone Capital Advisors LLC NY boosted its position in Netflix by 22.1% during the 2nd quarter. Cobblestone Capital Advisors LLC NY now owns 855 shares of the Internet television network’s stock worth $335,000 after acquiring an additional 155 shares during the period. Finally, Sound Income Strategies LLC boosted its position in Netflix by 30.6% during the 3rd quarter. Sound Income Strategies LLC now owns 675 shares of the Internet television network’s stock worth $253,000 after acquiring an additional 158 shares during the period. Hedge funds and other institutional investors own 74.04% of the company’s stock.

About Netflix

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

See Also: Preferred Stock

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Earnings History and Estimates for Netflix (NASDAQ:NFLX)

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