Netflix, Inc. (NASDAQ:NFLX) – Equities researchers at Jefferies Group boosted their Q3 2017 earnings per share estimates for Netflix in a research report issued on Friday. Jefferies Group analyst J. Janedis now anticipates that the Internet television network will earn $0.33 per share for the quarter, up from their previous forecast of $0.32. Jefferies Group has a “Hold” rating and a $180.00 price objective on the stock. Jefferies Group also issued estimates for Netflix’s Q4 2017 earnings at $0.36 EPS, FY2017 earnings at $1.23 EPS, Q1 2018 earnings at $0.78 EPS, Q2 2018 earnings at $0.44 EPS and Q1 2019 earnings at $1.17 EPS.
Netflix (NASDAQ:NFLX) last released its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.01). Netflix had a return on equity of 12.82% and a net margin of 3.55%. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same period in the prior year, the business earned $0.09 earnings per share. The business’s quarterly revenue was up 32.3% compared to the same quarter last year. WARNING: This news story was first reported by BBNS and is the property of of BBNS. If you are reading this news story on another site, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The correct version of this news story can be viewed at https://baseballnewssource.com/markets/brokers-offer-predictions-for-netflix-inc-s-q3-2017-earnings-nflx/1700731.html.
Other equities analysts have also recently issued reports about the company. BMO Capital Markets reissued a “market perform” rating and set a $180.00 price target (up from $150.00) on shares of Netflix in a report on Tuesday, July 18th. Needham & Company LLC restated a “hold” rating on shares of Netflix in a research note on Tuesday, July 18th. Bank of America Corporation restated a “buy” rating and issued a $199.00 price objective (up from $184.00) on shares of Netflix in a research note on Tuesday, July 18th. Vetr upgraded Netflix from a “sell” rating to a “hold” rating and set a $165.09 price objective for the company in a research note on Wednesday, August 16th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $225.00 price objective (up from $200.00) on shares of Netflix in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirty-one have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $187.13.
Shares of Netflix (NASDAQ:NFLX) opened at 198.02 on Monday. The firm has a 50-day moving average price of $178.79 and a 200-day moving average price of $163.66. The stock has a market capitalization of $85.49 billion, a P/E ratio of 240.90 and a beta of 1.09. Netflix has a 52-week low of $97.63 and a 52-week high of $198.92.
Several large investors have recently made changes to their positions in the stock. Crow Point Partners LLC bought a new position in shares of Netflix in the 3rd quarter valued at about $189,000. Intl Fcstone Inc. bought a new position in shares of Netflix in the 2nd quarter valued at about $278,000. Navellier & Associates Inc bought a new position in shares of Netflix in the 2nd quarter valued at about $492,000. USA Financial Portformulas Corp bought a new position in shares of Netflix in the 2nd quarter valued at about $6,229,000. Finally, Toronto Dominion Bank lifted its holdings in shares of Netflix by 25.7% in the 2nd quarter. Toronto Dominion Bank now owns 146,001 shares of the Internet television network’s stock valued at $21,810,000 after acquiring an additional 29,867 shares during the last quarter. 81.03% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Richard N. Barton sold 2,000 shares of the stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $169.18, for a total value of $338,360.00. Following the completion of the transaction, the director now owns 8,012 shares of the company’s stock, valued at approximately $1,355,470.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan Friedland sold 2,496 shares of the stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $182.17, for a total transaction of $454,696.32. Following the completion of the transaction, the insider now directly owns 1,232 shares of the company’s stock, valued at approximately $224,433.44. The disclosure for this sale can be found here. Insiders have sold a total of 316,067 shares of company stock valued at $56,923,386 in the last three months. 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.
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