Netflix, Inc. (NASDAQ:NFLX) – Wedbush reduced their FY2018 earnings per share (EPS) estimates for Netflix in a research note issued on Wednesday, October 17th. Wedbush analyst M. Pachter now forecasts that the Internet television network will post earnings of $2.69 per share for the year, down from their prior estimate of $2.70. Wedbush currently has a “Underperform” rating and a $150.00 target price on the stock. Wedbush also issued estimates for Netflix’s Q1 2019 earnings at $0.89 EPS, Q2 2019 earnings at $0.92 EPS and Q3 2019 earnings at $0.95 EPS.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, October 16th. The Internet television network reported $0.89 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.21. Netflix had a return on equity of 29.52% and a net margin of 8.48%. The company had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter in the previous year, the business earned $0.29 EPS. The company’s quarterly revenue was up 34.0% compared to the same quarter last year.

A number of other equities research analysts have also issued reports on NFLX. Zacks Investment Research lowered Netflix from a “hold” rating to a “sell” rating in a research report on Monday, June 25th. Imperial Capital started coverage on Netflix in a research report on Tuesday, June 26th. They set an “outperform” rating and a $503.00 target price on the stock. Bank of America boosted their target price on Netflix from $352.00 to $460.00 and gave the stock a “buy” rating in a research report on Wednesday, June 27th. Macquarie set a $430.00 target price on Netflix and gave the stock a “buy” rating in a research report on Thursday, June 28th. Finally, Cowen boosted their target price on Netflix from $375.00 to $430.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 3rd. Five analysts have rated the stock with a sell rating, ten have given a hold rating and thirty-one have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $376.83.

NFLX opened at $332.67 on Thursday. The firm has a market capitalization of $158.81 billion, a PE ratio of 279.70, a PEG ratio of 4.66 and a beta of 0.89. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.39. Netflix has a one year low of $178.38 and a one year high of $423.21.

In other Netflix news, CFO David B. Wells sold 1,000 shares of the business’s stock in a transaction dated 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 owns 1,000 shares in the company, valued at $314,640. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Reed Hastings sold 99,883 shares of the business’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $368.25, for a total value of $36,781,914.75. Following the completion of the transaction, the chief executive officer now owns 99,883 shares in the company, valued at approximately $36,781,914.75. The disclosure for this sale can be found here. Insiders sold 403,334 shares of company stock worth $142,463,785 in the last 90 days. Corporate insiders own 4.29% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Berkeley Capital Partners LLC grew its stake in Netflix by 17.3% in the second quarter. Berkeley Capital Partners LLC now owns 1,008 shares of the Internet television network’s stock valued at $273,000 after purchasing an additional 149 shares in the last quarter. Capstone Financial Advisors Inc. grew its stake in Netflix by 17.8% in the second quarter. Capstone Financial Advisors Inc. now owns 1,006 shares of the Internet television network’s stock valued at $394,000 after purchasing an additional 152 shares in the last quarter. Cornerstone Advisors Inc. grew its stake in Netflix by 9.6% in the second quarter. Cornerstone Advisors Inc. now owns 1,740 shares of the Internet television network’s stock valued at $681,000 after purchasing an additional 153 shares in the last quarter. Cobblestone Capital Advisors LLC NY grew its stake in Netflix by 22.1% in the second quarter. Cobblestone Capital Advisors LLC NY now owns 855 shares of the Internet television network’s stock valued at $335,000 after purchasing an additional 155 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its stake in shares of Netflix by 30.6% during the 3rd quarter. Sound Income Strategies LLC now owns 675 shares of the Internet television network’s stock worth $253,000 after acquiring an additional 158 shares in the last quarter. Hedge funds and other institutional investors own 73.83% of the company’s stock.

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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Earnings History and Estimates for Netflix (NASDAQ:NFLX)

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