Netflix (NASDAQ:NFLX – Get Free Report) posted its quarterly earnings data on Thursday. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77, Briefing.com reports. The business had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a net margin of 16.04% and a return on equity of 24.76%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.88 earnings per share. Netflix updated its Q2 guidance to $4.68 EPS.
Netflix Trading Down 0.5 %
NFLX stock traded down $3.13 during midday trading on Thursday, hitting $610.56. The company had a trading volume of 6,996,683 shares, compared to its average volume of 4,278,392. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69. Netflix has a 52 week low of $315.62 and a 52 week high of $639.00. The stock has a market cap of $264.23 billion, a price-to-earnings ratio of 51.53, a PEG ratio of 1.67 and a beta of 1.22. The stock’s 50 day moving average price is $604.73 and its 200 day moving average price is $511.17.
Insider Buying and Selling
In other Netflix news, insider David A. Hyman sold 47,574 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $17,003,651.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Jay C. Hoag sold 47,000 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $550.50, for a total value of $25,873,500.00. Following the completion of the sale, the director now owns 431,034 shares of the company’s stock, valued at $237,284,217. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David A. Hyman sold 47,574 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $17,003,651.20. The disclosure for this sale can be found here. Insiders have sold a total of 268,335 shares of company stock valued at $151,619,811 over the last three months. 2.45% of the stock is owned by company insiders.
Institutional Investors Weigh In On Netflix
Analysts Set New Price Targets
A number of analysts have issued reports on the company. Robert W. Baird raised their target price on Netflix from $500.00 to $600.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. DZ Bank raised Netflix from a “hold” rating to a “buy” rating and set a $600.00 price objective for the company in a report on Thursday, January 25th. KeyCorp upped their price objective on shares of Netflix from $580.00 to $705.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. Evercore ISI lifted their target price on shares of Netflix from $600.00 to $640.00 and gave the stock an “outperform” rating in a research note on Thursday, March 14th. Finally, TD Cowen upped their price target on shares of Netflix from $600.00 to $725.00 and gave the company a “buy” rating in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $614.75.
Check Out Our Latest Report on Netflix
About Netflix
Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.
See Also
- Five stocks we like better than Netflix
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- Comprehensive PepsiCo Stock Analysis
- Pros And Cons Of Monthly Dividend Stocks
- CSX Co.: The Railroad Powering Ahead with an Earnings Beat
- How to Find Undervalued Stocks
- 3 Steel Stocks Could Soar on New China Tariffs
Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.