Analysts Set Expectations for Netflix, Inc.’s FY2019 Earnings (NASDAQ:NFLX)

Share on StockTwits

Netflix, Inc. (NASDAQ:NFLX) – Oppenheimer boosted their FY2019 EPS estimates for shares of Netflix in a research report issued on Thursday, October 17th. Oppenheimer analyst J. Helfstein now forecasts that the Internet television network will post earnings per share of $3.34 for the year, up from their previous estimate of $3.10. Oppenheimer currently has a “Outperform” rating and a $385.00 target price on the stock. Oppenheimer also issued estimates for Netflix’s Q4 2019 earnings at $0.51 EPS, FY2020 earnings at $5.02 EPS and FY2021 earnings at $7.06 EPS.

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

NFLX has been the subject of several other reports. Pivotal Research cut their price target on Netflix from $515.00 to $350.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Monness Crespi & Hardt cut their price target on Netflix from $440.00 to $340.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. UBS Group set a $370.00 price target on Netflix and gave the company a “buy” rating in a research note on Thursday, October 10th. Huber Research cut Netflix from an “overweight” rating to an “underweight” rating in a research note on Thursday, October 17th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $425.00 price target on shares of Netflix in a research note on Thursday, October 17th. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $363.11.

Shares of NFLX stock opened at $266.69 on Monday. The company has a current ratio of 0.73, a quick ratio of 0.85 and a debt-to-equity ratio of 1.81. The stock has a market cap of $116.77 billion, a P/E ratio of 99.51, a price-to-earnings-growth ratio of 2.77 and a beta of 1.20. The stock has a 50 day simple moving average of $278.94 and a 200 day simple moving average of $329.48. Netflix has a 1 year low of $231.23 and a 1 year high of $385.99.

Several large investors have recently made changes to their positions in NFLX. Nuveen Asset Management LLC acquired a new position in shares of Netflix during the second quarter worth $1,246,724,000. Invesco Ltd. increased its holdings in shares of Netflix by 39.1% during the second quarter. Invesco Ltd. now owns 7,249,377 shares of the Internet television network’s stock worth $2,662,841,000 after buying an additional 2,039,046 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Netflix by 3.5% during the second quarter. Vanguard Group Inc. now owns 32,688,805 shares of the Internet television network’s stock worth $12,007,252,000 after buying an additional 1,118,349 shares in the last quarter. Thoroughbred Financial Services LLC increased its holdings in shares of Netflix by 36,563.5% during the second quarter. Thoroughbred Financial Services LLC now owns 786,432 shares of the Internet television network’s stock worth $78,643,000 after buying an additional 784,287 shares in the last quarter. Finally, OZ Management LP acquired a new position in shares of Netflix during the second quarter worth $228,716,000. Institutional investors own 78.93% of the company’s stock.

In related news, Director Bradford L. Smith purchased 6,499 shares of the stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $308.49 per share, for a total transaction of $2,004,876.51. Following the completion of the acquisition, the director now owns 799 shares of the company’s stock, valued at $246,483.51. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Reed Hastings sold 40,061 shares of the company’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $275.64, for a total transaction of $11,042,414.04. Following the transaction, the chief executive officer now owns 40,061 shares of the company’s stock, valued at $11,042,414.04. The disclosure for this sale can be found here. Insiders have sold 135,702 shares of company stock valued at $38,290,015 over the last 90 days. Corporate insiders own 3.72% of the company’s stock.

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.

Further Reading: Is the QQQ ETF safe?

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.