Brokerages predict that Netflix, Inc. (NASDAQ:NFLX) will post $0.68 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Thirteen analysts have issued estimates for Netflix’s earnings. The lowest EPS estimate is $0.63 and the highest is $0.70. Netflix reported earnings per share of $0.29 during the same quarter last year, which would suggest a positive year-over-year growth rate of 134.5%. The business is scheduled to announce its next quarterly earnings results on Monday, October 15th.

On average, analysts expect that Netflix will report full-year earnings of $2.67 per share for the current financial year, with EPS estimates ranging from $2.52 to $2.87. For the next year, analysts expect that the business will report earnings of $4.27 per share, with EPS estimates ranging from $3.30 to $4.96. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Netflix.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, July 16th. The Internet television network reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.05. The business had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.94 billion. Netflix had a return on equity of 25.66% and a net margin of 7.13%. The company’s revenue for the quarter was up 40.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 EPS.

NFLX has been the topic of several recent research reports. Royal Bank of Canada restated a “buy” rating and set a $360.00 price target on shares of Netflix in a report on Friday, June 1st. UBS Group lowered Netflix from a “buy” rating to a “neutral” rating and decreased their price target for the company from $425.00 to $237.00 in a report on Wednesday, July 11th. Goldman Sachs Group restated a “$375.13” rating and set a $470.00 price target on shares of Netflix in a report on Wednesday, July 18th. Atlantic Securities restated a “buy” rating and set a $413.00 price target on shares of Netflix in a report on Monday, September 3rd. Finally, SunTrust Banks increased their price target on Netflix from $270.00 to $415.00 and gave the company a “hold” rating in a report on Friday, July 13th. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and thirty-two have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $349.82.

In other news, CEO Reed Hastings sold 79,800 shares of the stock in a transaction on Wednesday, June 20th. The stock was sold at an average price of $415.15, for a total transaction of $33,128,970.00. Following the transaction, the chief executive officer now owns 79,800 shares of the company’s stock, valued at approximately $33,128,970. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO David B. Wells sold 1,000 shares of the stock in a transaction on Monday, August 20th. The stock was sold at an average price of $314.64, for a total value of $314,640.00. Following the transaction, the chief financial officer now directly owns 1,000 shares in the company, valued at approximately $314,640. The disclosure for this sale can be found here. Insiders sold a total of 406,229 shares of company stock worth $148,570,729 in the last ninety days. 4.29% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Braun Bostich & Associates Inc. bought a new position in shares of Netflix during the 1st quarter worth $142,000. Private Capital Group LLC grew its position in shares of Netflix by 33.1% during the 2nd quarter. Private Capital Group LLC now owns 744 shares of the Internet television network’s stock worth $291,000 after buying an additional 185 shares in the last quarter. Mackay Shields LLC grew its position in shares of Netflix by 3.0% during the 2nd quarter. Mackay Shields LLC now owns 169,338 shares of the Internet television network’s stock worth $66,284,000 after buying an additional 4,917 shares in the last quarter. Iron Financial LLC bought a new position in shares of Netflix during the 2nd quarter worth $579,000. Finally, Bristlecone Advisors LLC bought a new position in shares of Netflix during the 2nd quarter worth $424,000. 73.77% of the stock is currently owned by institutional investors and hedge funds.

Shares of NFLX opened at $364.56 on Friday. The company has a market cap of $161.10 billion, a PE ratio of 291.65, a PEG ratio of 4.62 and a beta of 0.90. Netflix has a 1 year low of $176.55 and a 1 year high of $423.21. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.54 and a current ratio of 1.54.

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.

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Earnings History and Estimates for Netflix (NASDAQ:NFLX)

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