Netflix (NFLX) Releases Earnings Results, Beats Estimates By $0.21 EPS
Netflix (NASDAQ:NFLX) announced its quarterly earnings data on Tuesday. The Internet television network reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21, MarketWatch Earnings reports. Netflix had a net margin of 7.13% and a return on equity of 25.66%. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter last year, the firm posted $0.29 EPS. The company’s quarterly revenue was up 34.0% on a year-over-year basis. Netflix updated its Q4 2018 guidance to $0.23-0.23 EPS and its Q4 guidance to $0.23 EPS.
Shares of NASDAQ:NFLX opened at $364.70 on Thursday. The company has a market capitalization of $162.92 billion, a PE ratio of 291.76, a PEG ratio of 4.67 and a beta of 0.89. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.86. Netflix has a 12 month low of $178.38 and a 12 month high of $423.21.
In other news, CFO David B. Wells sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $314.64, for a total value of $314,640.00. Following the completion of the transaction, the chief financial officer now directly owns 1,000 shares in the company, valued at approximately $314,640. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Theodore A. Sarandos sold 111,391 shares of the business’s stock in a transaction that occurred on Monday, July 23rd. The shares were sold at an average price of $360.00, for a total transaction of $40,100,760.00. Following the completion of the transaction, the insider now owns 16,065 shares of the company’s stock, valued at $5,783,400. The disclosure for this sale can be found here. Insiders sold a total of 381,452 shares of company stock valued at $135,102,461 over the last 90 days. Corporate insiders own 4.29% of the company’s stock.
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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