FY2019 Earnings Estimate for Roku Inc (NASDAQ:ROKU) Issued By Oppenheimer
Roku Inc (NASDAQ:ROKU) – Analysts at Oppenheimer decreased their FY2019 earnings per share estimates for shares of Roku in a research report issued on Thursday, November 7th. Oppenheimer analyst J. Helfstein now anticipates that the company will post earnings per share of ($0.56) for the year, down from their previous forecast of ($0.55). Oppenheimer has a “Outperform” rating and a $155.00 price target on the stock. Oppenheimer also issued estimates for Roku’s Q4 2019 earnings at ($0.17) EPS, FY2020 earnings at ($0.37) EPS and FY2021 earnings at $0.05 EPS.
ROKU has been the subject of several other reports. Needham & Company LLC reissued a “buy” rating and issued a $150.00 price objective on shares of Roku in a research note on Thursday, November 7th. Stephens raised Roku from an “equal” rating to an “overweight” rating and raised their target price for the stock from $84.00 to $120.00 in a research note on Thursday, August 8th. Rosenblatt Securities raised their target price on Roku from $134.00 to $159.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. CIBC raised their target price on Roku from $79.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Finally, SunTrust Banks raised their target price on Roku from $63.00 to $160.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. They noted that the move was a valuation call. Four analysts have rated the stock with a sell rating, three have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. Roku presently has an average rating of “Buy” and a consensus target price of $120.48.
Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.06. Roku had a negative return on equity of 6.77% and a negative net margin of 2.41%. The firm had revenue of $260.90 million during the quarter, compared to the consensus estimate of $257.64 million. During the same period in the prior year, the company earned ($0.09) EPS. The firm’s revenue was up 50.5% compared to the same quarter last year.
In other news, Director Mai Fyfield sold 306 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $140.08, for a total transaction of $42,864.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Stephen H. Kay sold 22,000 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $149.54, for a total value of $3,289,880.00. Insiders sold a total of 168,419 shares of company stock valued at $23,148,276 over the last ninety days. Corporate insiders own 22.70% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Roku by 208.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,439 shares of the company’s stock worth $1,469,000 after purchasing an additional 9,761 shares during the period. Flagship Harbor Advisors LLC grew its holdings in shares of Roku by 51.8% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 724 shares of the company’s stock worth $73,000 after purchasing an additional 247 shares during the period. California Public Employees Retirement System grew its holdings in shares of Roku by 221.3% during the 2nd quarter. California Public Employees Retirement System now owns 92,094 shares of the company’s stock worth $8,342,000 after purchasing an additional 63,429 shares during the period. ARK Investment Management LLC purchased a new position in shares of Roku during the 2nd quarter worth $7,013,000. Finally, Atika Capital Management LLC grew its holdings in shares of Roku by 12.8% during the 2nd quarter. Atika Capital Management LLC now owns 132,000 shares of the company’s stock worth $11,956,000 after purchasing an additional 15,000 shares during the period. Institutional investors and hedge funds own 52.94% of the company’s stock.
Roku Company Profile
Roku, Inc operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts.
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