FBR & Co Comments on Netflix Inc.’s Q1 2017 Earnings (NFLX)
Netflix Inc. (NASDAQ:NFLX) – Stock analysts at FBR & Co issued their Q1 2017 earnings per share estimates for shares of Netflix in a research report issued to clients and investors on Tuesday. FBR & Co analyst B. Crockett forecasts that the brokerage will post earnings per share of $0.20 for the quarter. FBR & Co currently has a “Market Perform” rating and a $100.00 target price on the stock. FBR & Co also issued estimates for Netflix’s Q2 2017 earnings at $0.24 EPS, Q3 2017 earnings at $0.36 EPS, Q4 2017 earnings at $0.40 EPS, FY2017 earnings at $1.21 EPS and FY2020 earnings at $4.70 EPS.
NFLX has been the topic of several other research reports. Needham & Company LLC lowered shares of Netflix from a “buy” rating to a “hold” rating and increased their price target for the stock from $95.15 to $96.67 in a research report on Tuesday, July 5th. Pivotal Research reiterated a “buy” rating and set a $155.00 price target (up previously from $125.00) on shares of Netflix in a research report on Tuesday. Bank of America Corp. reiterated a “buy” rating and set a $146.00 price target on shares of Netflix in a research report on Friday, August 26th. Jefferies Group reiterated an “underperform” rating and set a $80.00 price target (up previously from $76.00) on shares of Netflix in a research report on Tuesday. Finally, Wedbush increased their price target on shares of Netflix from $45.00 to $50.00 and gave the stock an “underperform” rating in a research report on Tuesday, July 19th. Eight investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $115.73.
Shares of Netflix (NASDAQ:NFLX) traded up 2.10% during mid-day trading on Wednesday, hitting $121.29. 16,523,753 shares of the company’s stock traded hands. The firm has a 50-day moving average of $99.60 and a 200 day moving average of $96.38. The company has a market cap of $52.00 billion, a PE ratio of 379.03 and a beta of 1.14. Netflix has a 52 week low of $79.95 and a 52 week high of $133.27.
Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, October 17th. The Internet television network reported $0.12 EPS for the quarter, beating the consensus estimate of $0.06 by $0.06. The company earned $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Netflix had a net margin of 1.99% and a return on equity of 6.45%. The business’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.
In other Netflix news, Director Jay C. Hoag acquired 600,000 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The shares were bought at an average price of $86.43 per share, with a total value of $51,858,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard N. Barton sold 1,400 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $93.58, for a total transaction of $131,012.00. Following the completion of the transaction, the director now directly owns 15,562 shares in the company, valued at approximately $1,456,291.96. The disclosure for this sale can be found here. Insiders own 4.90% of the company’s stock.
Several institutional investors have recently bought and sold shares of NFLX. Adage Capital Partners GP L.L.C. increased its position in Netflix by 69.9% in the first quarter. Adage Capital Partners GP L.L.C. now owns 645,960 shares of the Internet television network’s stock worth $66,036,000 after buying an additional 265,678 shares during the last quarter. Scopia Capital Management LP increased its position in Netflix by 55.2% in the first quarter. Scopia Capital Management LP now owns 1,846,398 shares of the Internet television network’s stock worth $188,757,000 after buying an additional 656,585 shares during the last quarter. Natixis acquired a new position in Netflix during the first quarter worth about $47,023,000. Private Capital Management Inc. acquired a new position in Netflix during the second quarter worth about $631,000. Finally, Advisory Services Network LLC increased its position in Netflix by 15.0% in the second quarter. Advisory Services Network LLC now owns 5,415 shares of the Internet television network’s stock worth $495,000 after buying an additional 706 shares during the last quarter. 78.41% of the stock is currently owned by institutional investors.
Netflix, Inc (Netflix) is a provider of Internet television network. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content.
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