Q1 2019 Earnings Estimate for Netflix, Inc. Issued By Imperial Capital (NFLX)

Netflix, Inc. (NASDAQ:NFLX) – Investment analysts at Imperial Capital upped their Q1 2019 earnings per share estimates for shares of Netflix in a research note issued to investors on Tuesday, July 17th, according to Zacks Investment Research. Imperial Capital analyst D. Miller now anticipates that the Internet television network will earn $1.18 per share for the quarter, up from their previous estimate of $1.16. Imperial Capital has a “Outperform” rating and a $503.00 price target on the stock. Imperial Capital also issued estimates for Netflix’s Q2 2019 earnings at $1.26 EPS, Q3 2019 earnings at $1.27 EPS, Q4 2019 earnings at $1.29 EPS and FY2019 earnings at $5.00 EPS.

A number of other research firms have also weighed in on NFLX. Royal Bank of Canada reissued a “buy” rating and set a $360.00 target price on shares of Netflix in a research report on Friday, June 1st. UBS Group lowered shares of Netflix from a “buy” rating to a “neutral” rating and cut their price objective for the company from $425.00 to $237.00 in a research report on Wednesday, July 11th. Goldman Sachs Group reaffirmed a “$375.13” rating and set a $470.00 price objective on shares of Netflix in a research report on Wednesday, July 18th. Zacks Investment Research lowered shares of Netflix from a “buy” rating to a “hold” rating in a research report on Thursday, April 19th. Finally, SunTrust Banks upped their price objective on shares of Netflix from $270.00 to $415.00 and gave the company a “hold” rating in a research report on Friday, July 13th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirty-one have given a buy rating to the stock. Netflix currently has an average rating of “Buy” and a consensus price target of $347.19.

Netflix stock opened at $345.87 on Wednesday. The firm has a market cap of $151.37 billion, a price-to-earnings ratio of 276.70, a PEG ratio of 4.31 and a beta of 0.76. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.54 and a quick ratio of 1.54. Netflix has a fifty-two week low of $164.23 and a fifty-two week high of $423.21.

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

In other Netflix news, Director Leslie J. Kilgore sold 472 shares of the company’s stock in a transaction dated Tuesday, June 19th. The shares were sold at an average price of $401.00, for a total transaction of $189,272.00. Following the sale, the director now directly owns 35,668 shares of the company’s stock, valued at $14,302,868. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Reed Hastings sold 86,037 shares of the company’s stock in a transaction dated Monday, May 21st. The stock was sold at an average price of $329.73, for a total transaction of $28,368,980.01. Following the sale, the chief executive officer now directly owns 86,037 shares in the company, valued at $28,368,980.01. The disclosure for this sale can be found here. Insiders have sold 434,027 shares of company stock worth $158,902,715 over the last ninety days. Insiders own 4.29% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Berkeley Capital Partners LLC lifted its position in shares of Netflix by 17.3% during the second quarter. Berkeley Capital Partners LLC now owns 1,008 shares of the Internet television network’s stock worth $273,000 after purchasing an additional 149 shares in the last quarter. Cornerstone Advisors Inc. lifted its position in shares of Netflix by 9.6% during the second quarter. Cornerstone Advisors Inc. now owns 1,740 shares of the Internet television network’s stock worth $681,000 after purchasing an additional 153 shares in the last quarter. Cobblestone Capital Advisors LLC NY lifted its position in shares of Netflix by 22.1% during the second quarter. Cobblestone Capital Advisors LLC NY now owns 855 shares of the Internet television network’s stock worth $335,000 after purchasing an additional 155 shares in the last quarter. SignalPoint Asset Management LLC lifted its position in shares of Netflix by 8.4% during the second quarter. SignalPoint Asset Management LLC now owns 2,060 shares of the Internet television network’s stock worth $806,000 after purchasing an additional 160 shares in the last quarter. Finally, Trustcore Financial Services LLC lifted its position in shares of Netflix by 5.9% during the first quarter. Trustcore Financial Services LLC now owns 2,933 shares of the Internet television network’s stock worth $866,000 after purchasing an additional 163 shares in the last quarter. 76.80% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading: Earnings Per Share (EPS)

Get a free copy of the Zacks research report on Netflix (NFLX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply