Netflix, Inc. (NFLX) Forecasted to Earn FY2017 Earnings of $1.24 Per Share
Netflix, Inc. (NASDAQ:NFLX) – Investment analysts at B. Riley issued their FY2017 earnings estimates for Netflix in a report released on Tuesday. B. Riley analyst B. Crockett expects that the Internet television network will post earnings per share of $1.24 for the year. B. Riley currently has a “Neutral” rating on the stock.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same quarter in the prior year, the firm earned $0.12 EPS. The firm’s quarterly revenue was up 30.3% on a year-over-year basis.
Shares of Netflix (NASDAQ:NFLX) opened at $220.33 on Thursday. Netflix has a 52 week low of $137.03 and a 52 week high of $226.07. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market cap of $95,340.00, a price-to-earnings ratio of 222.56, a price-to-earnings-growth ratio of 3.59 and a beta of 1.34.
In other Netflix news, Director Richard N. Barton sold 700 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $197.38, for a total transaction of $138,166.00. Following the completion of the sale, the director now directly owns 7,362 shares of the company’s stock, valued at approximately $1,453,111.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Leslie J. Kilgore sold 2,373 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $220.99, for a total value of $524,409.27. Following the sale, the director now directly owns 35,994 shares of the company’s stock, valued at $7,954,314.06. The disclosure for this sale can be found here. Insiders sold 341,551 shares of company stock valued at $66,457,350 over the last ninety days. 4.90% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the business. Balentine LLC raised its holdings in Netflix by 1,020.4% during the 3rd quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock worth $100,000 after purchasing an additional 500 shares during the last quarter. Aviance Capital Management LLC bought a new stake in Netflix during the 2nd quarter worth about $137,000. Harfst & Associates Inc. raised its holdings in Netflix by 36.8% during the 2nd quarter. Harfst & Associates Inc. now owns 1,015 shares of the Internet television network’s stock worth $151,000 after purchasing an additional 273 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in Netflix during the 3rd quarter worth about $171,000. Finally, Grove Bank & Trust raised its holdings in Netflix by 249.6% during the 3rd quarter. Grove Bank & Trust now owns 958 shares of the Internet television network’s stock worth $174,000 after purchasing an additional 684 shares during the last quarter. 83.27% of the stock is owned by hedge funds and other institutional investors.
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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.
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