Netflix (NFLX) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS
Netflix (NASDAQ:NFLX) released its earnings results on Monday. The Internet television network reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.01, Bloomberg Earnings reports. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same period in the previous year, the company earned $0.40 EPS. Netflix’s revenue for the quarter was up 40.3% on a year-over-year basis. Netflix updated its Q2 guidance to $0.79 EPS.
NFLX stock opened at $307.78 on Tuesday. The stock has a market capitalization of $135,240.03, a PE ratio of 246.22, a P/E/G ratio of 4.27 and a beta of 0.99. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.40 and a quick ratio of 1.40. Netflix has a 12 month low of $138.66 and a 12 month high of $333.98.
Several brokerages have recently issued reports on NFLX. Piper Jaffray boosted their price objective on shares of Netflix from $360.00 to $367.00 in a research note on Tuesday. B. Riley boosted their price objective on shares of Netflix from $243.00 to $313.00 and gave the stock a “neutral” rating in a report on Tuesday. Stifel Nicolaus upped their target price on shares of Netflix from $325.00 to $345.00 and gave the company a “hold” rating in a research note on Tuesday. Oppenheimer upped their target price on shares of Netflix from $285.00 to $370.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Pivotal Research reaffirmed a “buy” rating and set a $420.00 price objective on shares of Netflix in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirty-four have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $278.32.
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Netflix Company Profile
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.
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