Netflix, Inc. (NASDAQ:NFLX) – Stock analysts at Imperial Capital cut their Q4 2018 earnings per share estimates for shares of Netflix in a research report issued to clients and investors on Wednesday, October 17th, according to Zacks Investment Research. Imperial Capital analyst D. Miller now expects that the Internet television network will post earnings of $0.26 per share for the quarter, down from their previous estimate of $0.48. Imperial Capital has a “Outperform” rating and a $459.00 price objective on the stock. Imperial Capital also issued estimates for Netflix’s Q4 2019 earnings at $1.10 EPS.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, October 16th. The Internet television network reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. The firm had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.99 billion. Netflix had a net margin of 8.48% and a return on equity of 29.52%. The business’s quarterly revenue was up 34.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 earnings per share.
NFLX has been the subject of a number of other research reports. Macquarie set a $410.00 price objective on shares of Netflix and gave the company a “buy” rating in a report on Monday, October 29th. BidaskClub cut shares of Netflix from a “buy” rating to a “hold” rating in a report on Saturday, October 6th. Goldman Sachs Group set a $470.00 price objective on shares of Netflix and gave the company a “buy” rating in a report on Tuesday, October 2nd. JPMorgan Chase & Co. restated a “buy” rating and issued a $415.00 price objective on shares of Netflix in a report on Friday, October 12th. Finally, Wedbush reiterated a “sell” rating and issued a $125.00 price target on shares of Netflix in a research note on Friday, October 12th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty-one have issued a buy rating to the company. Netflix presently has an average rating of “Buy” and a consensus target price of $378.74.
Shares of NFLX stock traded down $14.45 during trading on Friday, reaching $303.47. The company’s stock had a trading volume of 13,462,812 shares, compared to its average volume of 17,085,652. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a market capitalization of $142.82 billion, a P/E ratio of 242.78, a price-to-earnings-growth ratio of 4.15 and a beta of 1.18. Netflix has a 1-year low of $178.38 and a 1-year high of $423.21.
In other news, Director Richard N. Barton sold 350 shares of the business’s stock in a transaction that occurred on Thursday, October 11th. The shares were sold at an average price of $324.94, for a total transaction of $113,729.00. Following the completion of the sale, the director now owns 7,314 shares in the company, valued at approximately $2,376,611.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard N. Barton sold 387 shares of the business’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $297.88, for a total transaction of $115,279.56. Following the sale, the director now owns 7,430 shares of the company’s stock, valued at approximately $2,213,248.40. The disclosure for this sale can be found here. Insiders have sold a total of 335,842 shares of company stock valued at $113,900,463 in the last 90 days. Insiders own 4.29% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. MCF Advisors LLC acquired a new position in Netflix in the 3rd quarter valued at $108,000. Perennial Advisors LLC increased its stake in Netflix by 2,021.4% in the 3rd quarter. Perennial Advisors LLC now owns 297 shares of the Internet television network’s stock valued at $111,000 after buying an additional 283 shares during the period. Atlas Capital Advisors LLC acquired a new position in Netflix in the 3rd quarter valued at $113,000. CSat Investment Advisory L.P. acquired a new position in Netflix in the 2nd quarter valued at $117,000. Finally, Westside Investment Management Inc. increased its stake in Netflix by 225.5% in the 3rd quarter. Westside Investment Management Inc. now owns 332 shares of the Internet television network’s stock valued at $117,000 after buying an additional 230 shares during the period. 74.04% of the stock is currently owned by institutional investors and hedge funds.
Netflix Company Profile
Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.
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