Netflix, Inc. (NASDAQ:NFLX) – Investment analysts at William Blair lifted their Q3 2017 EPS estimates for shares of Netflix in a report released on Tuesday. William Blair analyst R. Schackart now forecasts that the Internet television network will post earnings per share of $0.32 for the quarter, up from their previous estimate of $0.22. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Netflix’s FY2018 earnings at $1.60 EPS, FY2019 earnings at $3.33 EPS and FY2020 earnings at $5.24 EPS.

A number of other equities analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Netflix from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Moffett Nathanson reiterated a “neutral” rating on shares of Netflix in a research report on Tuesday. SunTrust Banks, Inc. reiterated a “hold” rating and set a $175.00 target price (up from $145.00) on shares of Netflix in a research report on Tuesday. Morgan Stanley set a $210.00 target price on shares of Netflix and gave the stock a “buy” rating in a research report on Tuesday. Finally, Wedbush reiterated an “underperform” rating and set a $82.00 target price (up from $73.00) on shares of Netflix in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-nine have given a buy rating to the company. Netflix has a consensus rating of “Buy” and a consensus price target of $169.38.

TRADEMARK VIOLATION NOTICE: This article was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international copyright law. The legal version of this article can be read at https://www.thecerbatgem.com/2017/07/22/brokers-offer-predictions-for-netflix-inc-s-q3-2017-earnings-nflx.html.

Netflix (NASDAQ:NFLX) opened at 188.54 on Friday. The company’s 50 day moving average is $158.04 and its 200-day moving average is $148.40. The firm has a market cap of $81.34 billion, a price-to-earnings ratio of 229.37 and a beta of 0.98. Netflix has a 1-year low of $85.01 and a 1-year high of $191.50.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the prior year, the business earned $0.09 EPS. Netflix’s revenue was up 32.3% compared to the same quarter last year.

Several large investors have recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. increased its stake in Netflix by 0.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,134 shares of the Internet television network’s stock worth $168,000 after buying an additional 9 shares during the last quarter. Guardian Life Insurance Co. of America increased its stake in Netflix by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock worth $245,000 after buying an additional 11 shares during the last quarter. M Holdings Securities Inc. increased its stake in Netflix by 0.5% in the first quarter. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network’s stock worth $365,000 after buying an additional 12 shares during the last quarter. Heritage Investors Management Corp increased its stake in Netflix by 0.6% in the second quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network’s stock worth $298,000 after buying an additional 12 shares during the last quarter. Finally, Assetmark Inc. increased its stake in Netflix by 3.1% in the first quarter. Assetmark Inc. now owns 1,201 shares of the Internet television network’s stock worth $178,000 after buying an additional 36 shares during the last quarter. Institutional investors own 82.77% of the company’s stock.

In other news, CEO Reed Hastings sold 115,577 shares of the firm’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $152.63, for a total value of $17,640,517.51. Following the sale, the chief executive officer now directly owns 115,577 shares in the company, valued at approximately $17,640,517.51. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard N. Barton sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $159.08, for a total transaction of $318,160.00. Following the completion of the sale, the director now owns 7,082 shares in the company, valued at $1,126,604.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 343,728 shares of company stock worth $53,858,193. 4.90% of the stock is currently owned by corporate insiders.

Netflix Company Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

Earnings History and Estimates for Netflix (NASDAQ:NFLX)

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