Netflix, Inc. (NASDAQ:NFLX) – Equities research analysts at Imperial Capital decreased their Q1 2020 earnings estimates for Netflix in a research note issued on Monday, December 30th. Imperial Capital analyst D. Miller now forecasts that the Internet television network will post earnings per share of $1.23 for the quarter, down from their previous estimate of $1.24. Imperial Capital currently has a “Outperform” rating and a $446.00 price objective on the stock. Imperial Capital also issued estimates for Netflix’s Q2 2020 earnings at $1.48 EPS, FY2020 earnings at $5.60 EPS and FY2021 earnings at $8.25 EPS.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Wednesday, October 16th. The Internet television network reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.42. The company had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.25 billion. Netflix had a net margin of 7.49% and a return on equity of 23.65%. Netflix’s revenue for the quarter was up 31.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.89 earnings per share.
Several other research firms have also weighed in on NFLX. UBS Group set a $370.00 target price on shares of Netflix and gave the company a “buy” rating in a report on Thursday, October 10th. Oppenheimer dropped their target price on Netflix from $410.00 to $385.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Piper Jaffray Companies reissued a “buy” rating and set a $400.00 target price on shares of Netflix in a research note on Wednesday, December 11th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $425.00 price target on shares of Netflix in a research report on Thursday, October 17th. Finally, Sanford C. Bernstein decreased their target price on Netflix from $450.00 to $422.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Six investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $371.86.
Shares of NASDAQ:NFLX opened at $323.57 on Tuesday. The stock has a market cap of $141.67 billion, a price-to-earnings ratio of 120.74, a PEG ratio of 3.28 and a beta of 1.30. Netflix has a 52-week low of $252.28 and a 52-week high of $385.99. The business has a 50-day moving average price of $311.85 and a 200-day moving average price of $310.12. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.81.
Several institutional investors and hedge funds have recently bought and sold shares of NFLX. Vanguard Group Inc. raised its holdings in Netflix by 3.5% in the 2nd quarter. Vanguard Group Inc. now owns 32,688,805 shares of the Internet television network’s stock valued at $12,007,252,000 after buying an additional 1,118,349 shares during the last quarter. State Street Corp grew its holdings in Netflix by 1.3% during the 3rd quarter. State Street Corp now owns 16,453,029 shares of the Internet television network’s stock worth $4,403,160,000 after acquiring an additional 218,262 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Netflix by 1.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 15,748,186 shares of the Internet television network’s stock worth $5,784,623,000 after purchasing an additional 297,582 shares during the period. Invesco Ltd. lifted its holdings in shares of Netflix by 39.1% during the second quarter. Invesco Ltd. now owns 7,249,377 shares of the Internet television network’s stock worth $2,662,841,000 after purchasing an additional 2,039,046 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Netflix by 1.3% in the second quarter. Northern Trust Corp now owns 5,011,246 shares of the Internet television network’s stock worth $1,840,730,000 after purchasing an additional 62,742 shares during the last quarter. Institutional investors own 80.80% of the company’s stock.
In related news, CEO Reed Hastings sold 54,516 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $312.04, for a total value of $17,011,172.64. Following the completion of the sale, the chief executive officer now owns 54,516 shares in the company, valued at approximately $17,011,172.64. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.72% of the stock is owned by insiders.
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.