Analysts predict that Netflix, Inc. (NASDAQ:NFLX) will post $4.93 billion in sales for the current quarter, Zacks reports. Eleven analysts have issued estimates for Netflix’s earnings, with estimates ranging from $4.90 billion to $4.93 billion. Netflix posted sales of $3.91 billion during the same quarter last year, which suggests a positive year over year growth rate of 26.1%. The company is expected to report its next earnings results on Monday, July 15th.

According to Zacks, analysts expect that Netflix will report full-year sales of $20.18 billion for the current year, with estimates ranging from $19.92 billion to $20.35 billion. For the next financial year, analysts expect that the firm will post sales of $25.09 billion, with estimates ranging from $23.93 billion to $25.64 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Netflix.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, April 16th. The Internet television network reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.19. Netflix had a return on equity of 24.75% and a net margin of 7.61%. The business had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter in the previous year, the firm earned $0.64 EPS. The firm’s revenue was up 22.2% compared to the same quarter last year.

Several equities analysts recently weighed in on NFLX shares. Buckingham Research cut Netflix from a “buy” rating to a “neutral” rating and set a $382.00 price objective for the company. in a research report on Friday, March 8th. Royal Bank of Canada reissued a “buy” rating and set a $480.00 price objective on shares of Netflix in a research report on Wednesday, March 20th. SunTrust Banks reissued a “buy” rating and set a $402.00 price objective on shares of Netflix in a research report on Wednesday, March 27th. UBS Group started coverage on Netflix in a research report on Tuesday, April 2nd. They set a “neutral” rating and a $350.00 price objective for the company. Finally, Rosenblatt Securities started coverage on Netflix in a research report on Tuesday, April 2nd. They set a “neutral” rating and a $350.00 price objective for the company. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $386.03.

In other news, CEO Reed Hastings sold 57,414 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $348.88, for a total value of $20,030,596.32. Following the sale, the chief executive officer now directly owns 57,414 shares in the company, valued at approximately $20,030,596.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 166,838 shares of company stock worth $60,415,372. Corporate insiders own 4.29% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in NFLX. Vanguard Group Inc grew its stake in shares of Netflix by 0.8% in the 3rd quarter. Vanguard Group Inc now owns 30,143,430 shares of the Internet television network’s stock valued at $11,277,562,000 after purchasing an additional 249,147 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Netflix by 40.9% in the 4th quarter. Advisors Asset Management Inc. now owns 14,176 shares of the Internet television network’s stock valued at $3,794,000 after purchasing an additional 4,116 shares during the period. Financial Counselors Inc. grew its stake in shares of Netflix by 26.0% in the 4th quarter. Financial Counselors Inc. now owns 13,200 shares of the Internet television network’s stock valued at $3,533,000 after purchasing an additional 2,720 shares during the period. IPG Investment Advisors LLC grew its stake in shares of Netflix by 54.8% in the 4th quarter. IPG Investment Advisors LLC now owns 11,134 shares of the Internet television network’s stock valued at $2,980,000 after purchasing an additional 3,943 shares during the period. Finally, LS Investment Advisors LLC grew its stake in shares of Netflix by 20.8% in the 4th quarter. LS Investment Advisors LLC now owns 7,726 shares of the Internet television network’s stock valued at $2,068,000 after purchasing an additional 1,331 shares during the period. Institutional investors own 77.05% of the company’s stock.

Shares of NASDAQ NFLX traded down $3.70 during trading hours on Friday, hitting $339.73. 5,011,293 shares of the company’s stock were exchanged, compared to its average volume of 5,085,851. Netflix has a 1-year low of $231.23 and a 1-year high of $423.21. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a market capitalization of $150.15 billion, a PE ratio of 126.76, a P/E/G ratio of 3.42 and a beta of 1.30.

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.

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Earnings History and Estimates for Netflix (NASDAQ:NFLX)

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