Netflix (NFLX) Expected to Announce Quarterly Earnings on Thursday

Netflix (NASDAQ:NFLX) is projected to issue its quarterly earnings data after the market closes on Thursday, April 17th. Analysts expect the company to announce earnings of $5.74 per share and revenue of $10.51 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.11 earnings per share. On average, analysts expect Netflix to post $25 EPS for the current fiscal year and $30 EPS for the next fiscal year.

Netflix Stock Performance

Shares of NASDAQ:NFLX opened at $976.28 on Wednesday. The business has a 50-day moving average of $957.71 and a two-hundred day moving average of $887.65. The firm has a market capitalization of $417.61 billion, a PE ratio of 49.23, a P/E/G ratio of 2.12 and a beta of 1.55. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix has a 12 month low of $542.01 and a 12 month high of $1,064.50.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NFLX. Benchmark raised shares of Netflix from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. UBS Group dropped their price objective on shares of Netflix from $1,150.00 to $1,140.00 and set a “buy” rating for the company in a research report on Tuesday. Robert W. Baird lifted their target price on shares of Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Wolfe Research raised shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target for the company in a research report on Thursday, January 23rd. Finally, Loop Capital reissued a “hold” rating on shares of Netflix in a research report on Monday, March 24th. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.31.

Insider Transactions at Netflix

In other Netflix news, CEO Gregory K. Peters sold 102,228 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $980.74, for a total value of $100,259,088.72. Following the sale, the chief executive officer now owns 12,950 shares in the company, valued at approximately $12,700,583. This trade represents a 88.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ann Mather sold 2,682 shares of Netflix stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $973.00, for a total value of $2,609,586.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 274,312 shares of company stock worth $267,919,297. 1.76% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Netflix stock. Revolve Wealth Partners LLC increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 16.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,023 shares of the Internet television network’s stock after purchasing an additional 144 shares during the quarter. Revolve Wealth Partners LLC’s holdings in Netflix were worth $912,000 at the end of the most recent quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.