Brokerages expect Netflix, Inc. (NASDAQ:NFLX) to announce earnings per share (EPS) of $0.41 for the current fiscal quarter, according to Zacks. Twelve analysts have provided estimates for Netflix’s earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.43. Netflix reported earnings per share of $0.15 in the same quarter last year, which suggests a positive year over year growth rate of 173.3%. The business is expected to announce its next earnings report after the market closes on Monday, January 22nd.
On average, analysts expect that Netflix will report full-year earnings of $1.25 per share for the current fiscal year, with EPS estimates ranging from $1.22 to $1.28. For the next fiscal year, analysts expect that the firm will post earnings of $2.31 per share, with EPS estimates ranging from $1.80 to $3.01. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Netflix.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same period in the prior year, the business posted $0.12 earnings per share. Netflix’s revenue was up 30.3% compared to the same quarter last year.
Netflix (NASDAQ:NFLX) traded up $0.30 during trading hours on Tuesday, reaching $221.53. 13,491,948 shares of the company were exchanged, compared to its average volume of 6,260,000. Netflix has a 1-year low of $130.58 and a 1-year high of $226.07. The company has a market capitalization of $95,860.00, a price-to-earnings ratio of 223.77, a price-to-earnings-growth ratio of 3.59 and a beta of 1.34. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.47.
In related news, Director Richard N. Barton sold 700 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $197.38, for a total value of $138,166.00. Following the completion of the transaction, the director now owns 7,362 shares in the company, valued at approximately $1,453,111.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Reed Hastings sold 91,861 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $189.03, for a total transaction of $17,364,484.83. Following the completion of the transaction, the chief executive officer now owns 91,861 shares of the company’s stock, valued at approximately $17,364,484.83. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 336,617 shares of company stock worth $65,364,544. 4.90% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of NFLX. Riverhead Capital Management LLC raised its holdings in Netflix by 11.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,579 shares of the Internet television network’s stock valued at $834,000 after buying an additional 555 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Netflix by 47.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 496,301 shares of the Internet television network’s stock valued at $74,150,000 after buying an additional 160,582 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its holdings in Netflix by 32.3% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 7,279 shares of the Internet television network’s stock valued at $1,087,000 after buying an additional 1,777 shares during the last quarter. BT Investment Management Ltd bought a new position in Netflix in the 2nd quarter valued at approximately $790,000. Finally, PNC Financial Services Group Inc. raised its holdings in Netflix by 6.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 97,479 shares of the Internet television network’s stock valued at $14,563,000 after buying an additional 5,885 shares during the last quarter. Institutional investors and hedge funds own 83.27% of the company’s stock.
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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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