Netflix (NFLX) Releases Earnings Results, Meets Estimates

Netflix (NASDAQ:NFLX) announced its quarterly earnings results on Monday. The Internet television network reported $0.41 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.41, Bloomberg Earnings reports. Netflix had a return on equity of 14.56% and a net margin of 4.04%. The company had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the prior year, the company earned $0.15 EPS. Netflix’s revenue was up 32.6% compared to the same quarter last year. Netflix updated its Q1 guidance to $0.63 EPS.

Shares of Netflix (NASDAQ NFLX) traded up $22.71 during trading on Tuesday, reaching $250.29. The company’s stock had a trading volume of 27,636,753 shares, compared to its average volume of 7,130,000. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.20 and a current ratio of 1.20. Netflix has a 52-week low of $137.03 and a 52-week high of $257.71. The firm has a market cap of $108,310.00, a P/E ratio of 200.23, a P/E/G ratio of 3.56 and a beta of 1.34.

In other Netflix news, Director Ann Mather sold 3,885 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $200.00, for a total transaction of $777,000.00. Following the completion of the sale, the director now directly owns 1,015 shares in the company, valued at approximately $203,000. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jonathan Friedland sold 2,743 shares of the stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $205.59, for a total value of $563,933.37. Following the sale, the insider now owns 1,147 shares of the company’s stock, valued at $235,811.73. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 333,585 shares of company stock valued at $67,388,412. Company insiders own 4.90% of the company’s stock.

A number of research analysts have recently commented on NFLX shares. Bank of America increased their price target on Netflix from $199.00 to $225.00 in a research note on Tuesday, October 17th. UBS Group reiterated a “buy” rating and issued a $225.00 price target (up from $190.00) on shares of Netflix in a research note on Wednesday, October 4th. KeyCorp reiterated a “buy” rating and issued a $206.00 price target on shares of Netflix in a research note on Thursday, October 5th. Cantor Fitzgerald reiterated a “buy” rating and issued a $205.00 price target on shares of Netflix in a research note on Thursday, October 5th. Finally, Zacks Investment Research upgraded Netflix from a “hold” rating to a “buy” rating and set a $207.00 price target for the company in a research note on Friday, October 6th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirty-five have issued a buy rating to the stock. Netflix currently has an average rating of “Buy” and a consensus target price of $231.76.

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About Netflix

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 for Netflix (NASDAQ:NFLX)

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