Netflix Inc. (NASDAQ:NFLX) is set to release its Q316 earnings data on Monday, October 17th. Analysts expect Netflix to post earnings of $0.06 per share and revenue of $2.28 billion for the quarter.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, July 18th. The Internet television network reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.07. Netflix had a return on equity of 5.59% and a net margin of 1.85%. The business had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter in the previous year, the firm earned $0.06 earnings per share. The business’s revenue was up 19.5% compared to the same quarter last year. On average, analysts expect Netflix to post $0.28 EPS for the current fiscal year and $0.87 EPS for the next fiscal year.

Earnings History for Netflix (NASDAQ:NFLX)

Shares of Netflix Inc. (NASDAQ:NFLX) opened at 99.50 on Thursday. Netflix Inc. has a 52-week low of $79.95 and a 52-week high of $133.27. The stock’s 50 day moving average price is $98.66 and its 200-day moving average price is $96.37. The firm has a market cap of $42.66 billion, a PE ratio of 310.94 and a beta of 1.14.

In other news, Director Richard N. Barton sold 2,800 shares of the firm’s stock in a transaction dated Thursday, October 6th. The shares were sold at an average price of $104.27, for a total transaction of $291,956.00. Following the completion of the transaction, the director now directly owns 15,254 shares of the company’s stock, valued at approximately $1,590,534.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jay C. Hoag acquired 600,000 shares of Netflix stock in a transaction dated Monday, July 25th. The shares were acquired at an average cost of $86.43 per share, with a total value of $51,858,000.00. The disclosure for this purchase can be found here. Insiders own 4.90% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Krilogy Financial LLC increased its position in shares of Netflix by 12.9% in the second quarter. Krilogy Financial LLC now owns 1,921 shares of the Internet television network’s stock valued at $176,000 after buying an additional 220 shares in the last quarter. Cornerstone Advisors Inc. increased its position in shares of Netflix by 25.6% in the second quarter. Cornerstone Advisors Inc. now owns 1,118 shares of the Internet television network’s stock valued at $102,000 after buying an additional 228 shares in the last quarter. Mariner Wealth Advisors LLC increased its position in shares of Netflix by 11.2% in the second quarter. Mariner Wealth Advisors LLC now owns 3,248 shares of the Internet television network’s stock valued at $297,000 after buying an additional 326 shares in the last quarter. Wetherby Asset Management Inc. increased its position in shares of Netflix by 7.5% in the second quarter. Wetherby Asset Management Inc. now owns 5,343 shares of the Internet television network’s stock valued at $489,000 after buying an additional 372 shares in the last quarter. Finally, Andra AP fonden increased its position in shares of Netflix by 3.8% in the second quarter. Andra AP fonden now owns 10,800 shares of the Internet television network’s stock valued at $988,000 after buying an additional 400 shares in the last quarter. 78.43% of the stock is owned by institutional investors.

A number of analysts recently weighed in on NFLX shares. Vetr raised shares of Netflix from a “hold” rating to a “buy” rating and set a $102.90 price target for the company in a research report on Tuesday, September 20th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Netflix in a research report on Friday, September 9th. FBR & Co reaffirmed a “market perform” rating and set a $90.00 price target on shares of Netflix in a research report on Thursday, September 15th. RBC Capital Markets reaffirmed an “outperform” rating and set a $130.00 price target on shares of Netflix in a research report on Monday, August 29th. Finally, Jefferies Group reaffirmed an “underperform” rating and set a $76.00 price target on shares of Netflix in a research report on Friday, September 23rd. Eight research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $110.32.

Netflix Company Profile

Netflix, Inc (Netflix) is a provider of Internet television network. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content.

5 Day Chart for NASDAQ:NFLX

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