FBR & Co Comments on Netflix Inc.’s Q1 2017 Earnings (NFLX)
Netflix Inc. (NASDAQ:NFLX) – Stock analysts at FBR & Co issued their Q1 2017 earnings per share (EPS) estimates for shares of Netflix in a research note issued to investors on Tuesday. FBR & Co analyst B. Crockett forecasts that the firm will post earnings per share of $0.20 for the quarter. FBR & Co currently has a “Market Perform” rating and a $100.00 target price on the stock. FBR & Co also issued estimates for Netflix’s Q2 2017 earnings at $0.24 EPS, Q3 2017 earnings at $0.36 EPS, Q4 2017 earnings at $0.40 EPS, FY2017 earnings at $1.21 EPS and FY2020 earnings at $4.70 EPS.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, October 17th. The Internet television network reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.06. Netflix had a net margin of 1.99% and a return on equity of 6.45%. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the previous year, the firm posted $0.07 earnings per share. The company’s quarterly revenue was up 31.7% compared to the same quarter last year.
A number of other analysts have also weighed in on the stock. Needham & Company LLC lowered shares of Netflix from a “buy” rating to a “hold” rating and raised their price objective for the company from $95.15 to $96.67 in a research note on Tuesday, July 5th. Pivotal Research restated a “buy” rating and set a $155.00 price objective (up from $125.00) on shares of Netflix in a research note on Tuesday. Bank of America Corp. restated a “buy” rating and set a $146.00 price objective on shares of Netflix in a research note on Friday, August 26th. Jefferies Group restated an “underperform” rating and set a $80.00 price objective (up from $76.00) on shares of Netflix in a research note on Tuesday. Finally, Wedbush raised their price objective on shares of Netflix from $45.00 to $50.00 and gave the company an “underperform” rating in a research note on Tuesday, July 19th. Eight research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-eight have issued a buy rating to the stock. Netflix has an average rating of “Hold” and an average target price of $115.73.
Netflix (NASDAQ:NFLX) traded up 2.00% during mid-day trading on Wednesday, hitting $121.17. 16,519,916 shares of the stock traded hands. The company’s 50 day moving average price is $99.60 and its 200-day moving average price is $96.38. The stock has a market cap of $51.95 billion, a price-to-earnings ratio of 378.66 and a beta of 1.14. Netflix has a 1-year low of $79.95 and a 1-year high of $133.27.
Several institutional investors have recently made changes to their positions in NFLX. Cornerstone Advisors Inc. boosted 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 during the last quarter. Signature Estate & Investment Advisors LLC bought a new position in shares of Netflix during the second quarter valued at about $124,000. Quadrant Capital Group LLC boosted its position in shares of Netflix by 15.1% in the second quarter. Quadrant Capital Group LLC now owns 1,475 shares of the Internet television network’s stock valued at $126,000 after buying an additional 194 shares during the last quarter. Coconut Grove Bank boosted its position in shares of Netflix by 1.7% in the second quarter. Coconut Grove Bank now owns 1,526 shares of the Internet television network’s stock valued at $140,000 after buying an additional 26 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Netflix by 15.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,690 shares of the Internet television network’s stock valued at $155,000 after buying an additional 224 shares during the last quarter. Institutional investors and hedge funds own 78.41% of the company’s stock.
In other news, Director Richard N. Barton sold 2,800 shares of Netflix stock in a transaction dated Thursday, October 6th. The stock was sold at an average price of $104.27, for a total value of $291,956.00. Following the completion of the transaction, the director now owns 15,254 shares in the company, valued at approximately $1,590,534.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jay C. Hoag acquired 600,000 shares of the firm’s stock in a transaction dated Monday, July 25th. The stock was bought at an average price of $86.43 per share, with a total value of $51,858,000.00. The disclosure for this purchase can be found here. Corporate insiders own 4.90% of the company’s stock.
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.
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