Netflix, Inc. Forecasted to Post FY2019 Earnings of $3.33 Per Share (NASDAQ:NFLX)

Netflix, Inc. (NASDAQ:NFLX) – Stock analysts at William Blair upped their FY2019 earnings per share (EPS) estimates for shares of Netflix in a research report issued to clients and investors on Thursday, October 17th. William Blair analyst R. Schackart now forecasts that the Internet television network will post earnings per share of $3.33 for the year, up from their prior estimate of $3.13. William Blair also issued estimates for Netflix’s Q4 2019 earnings at $0.50 EPS, Q1 2020 earnings at $1.15 EPS, Q2 2020 earnings at $1.44 EPS, Q3 2020 earnings at $1.73 EPS, Q4 2020 earnings at $0.83 EPS, FY2020 earnings at $5.15 EPS and FY2021 earnings at $8.16 EPS.

NFLX has been the subject of several other reports. Pivotal Research lowered their price objective on shares of Netflix from $515.00 to $350.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Oppenheimer lowered their price objective on shares of Netflix from $410.00 to $385.00 and set an “outperform” rating for the company in a research report on Thursday. UBS Group set a $370.00 price objective on shares of Netflix and gave the company a “buy” rating in a research report on Thursday, October 10th. Monness Crespi & Hardt lowered their price objective on shares of Netflix from $440.00 to $340.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, KeyCorp reissued a “hold” rating on shares of Netflix in a research report on Tuesday, September 24th. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $363.11.

Netflix stock opened at $275.30 on Monday. The stock has a market cap of $128.44 billion, a price-to-earnings ratio of 102.72, a price-to-earnings-growth ratio of 3.02 and a beta of 1.20. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.73 and a quick ratio of 0.85. Netflix has a 1 year low of $231.23 and a 1 year high of $385.99. The firm has a 50-day moving average of $280.59 and a two-hundred day moving average of $331.30.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Wednesday, October 16th. The Internet television network reported $1.47 EPS for the quarter, beating the consensus estimate of $1.05 by $0.42. The company had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.25 billion. Netflix had a net margin of 7.49% and a return on equity of 23.65%. The firm’s revenue was up 31.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.89 EPS.

In related news, CEO Reed Hastings sold 43,372 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $266.57, for a total transaction of $11,561,674.04. Following the completion of the sale, the chief executive officer now owns 43,372 shares of the company’s stock, valued at $11,561,674.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bradford L. Smith bought 6,499 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average cost of $308.49 per share, with a total value of $2,004,876.51. Following the transaction, the director now directly owns 799 shares of the company’s stock, valued at $246,483.51. The disclosure for this purchase can be found here. 4.29% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Intercontinental Wealth Advisors LLC lifted its position in Netflix by 100.0% during the third quarter. Intercontinental Wealth Advisors LLC now owns 96 shares of the Internet television network’s stock valued at $26,000 after acquiring an additional 48 shares during the last quarter. Nelson Roberts Investment Advisors LLC lifted its position in Netflix by 600.0% during the second quarter. Nelson Roberts Investment Advisors LLC now owns 84 shares of the Internet television network’s stock valued at $31,000 after acquiring an additional 72 shares during the last quarter. CX Institutional purchased a new stake in Netflix during the third quarter valued at approximately $35,000. SRS Capital Advisors Inc. purchased a new stake in Netflix during the second quarter valued at approximately $39,000. Finally, Wealthcare Capital Management LLC purchased a new stake in Netflix during the third quarter valued at approximately $40,000. 78.98% of the stock is owned by institutional investors.

Netflix Company Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Earnings History and Estimates for Netflix (NASDAQ:NFLX)

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