Equities research analysts expect that Netflix, Inc. (NASDAQ:NFLX) will report $4.49 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have issued estimates for Netflix’s earnings, with the highest sales estimate coming in at $4.50 billion and the lowest estimate coming in at $4.44 billion. Netflix posted sales of $3.70 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 21.4%. The business is expected to issue its next quarterly earnings results on Monday, April 15th.
On average, analysts expect that Netflix will report full-year sales of $20.17 billion for the current fiscal year, with estimates ranging from $19.74 billion to $20.54 billion. For the next year, analysts anticipate that the firm will post sales of $25.08 billion, with estimates ranging from $23.26 billion to $26.28 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Netflix.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, January 17th. The Internet television network reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.06. Netflix had a net margin of 7.67% and a return on equity of 25.82%. The business had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter last year, the firm posted $0.41 EPS. Netflix’s revenue was up 27.4% compared to the same quarter last year.
NFLX has been the subject of several research reports. Wedbush reissued a “sell” rating and issued a $150.00 price target on shares of Netflix in a research report on Monday, January 14th. Nomura set a $370.00 price target on shares of Netflix and gave the company a “neutral” rating in a research report on Monday, October 29th. Morningstar set a $120.00 price target on shares of Netflix and gave the company a “sell” rating in a research report on Monday, October 29th. JPMorgan Chase & Co. reduced their price target on shares of Netflix from $425.00 to $425.00 and set an “overweight” rating for the company in a research report on Monday, January 14th. Finally, Raymond James raised shares of Netflix from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $435.00 to $450.00 in a research report on Friday, January 11th. Six equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $376.33.
In related news, Director Anne M. Sweeney sold 7,607 shares of the business’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $360.00, for a total value of $2,738,520.00. Following the transaction, the director now directly owns 444 shares of the company’s stock, valued at approximately $159,840. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Reed Hastings sold 63,147 shares of the business’s stock in a transaction dated Monday, December 24th. The stock was sold at an average price of $241.12, for a total transaction of $15,226,004.64. Following the completion of the transaction, the chief executive officer now directly owns 63,147 shares in the company, valued at $15,226,004.64. The disclosure for this sale can be found here. Insiders sold a total of 195,990 shares of company stock worth $60,971,151 over the last three months. 4.29% of the stock is owned by insiders.
Large investors have recently modified their holdings of the stock. Viridian Ria LLC boosted its holdings in shares of Netflix by 12.6% in the 3rd quarter. Viridian Ria LLC now owns 4,097 shares of the Internet television network’s stock worth $1,532,000 after buying an additional 459 shares during the last quarter. Primecap Management Co. CA raised its stake in Netflix by 14.1% in the 3rd quarter. Primecap Management Co. CA now owns 70,450 shares of the Internet television network’s stock valued at $26,357,000 after acquiring an additional 8,700 shares during the period. Regal Investment Advisors LLC raised its stake in Netflix by 44.5% in the 4th quarter. Regal Investment Advisors LLC now owns 783 shares of the Internet television network’s stock valued at $210,000 after acquiring an additional 241 shares during the period. Allred Capital Management LLC bought a new stake in Netflix in the 4th quarter valued at about $519,000. Finally, New England Research & Management Inc. bought a new stake in Netflix in the 4th quarter valued at about $257,000. 73.82% of the stock is currently owned by institutional investors.
NASDAQ NFLX traded down $2.94 during mid-day trading on Thursday, hitting $356.97. The company’s stock had a trading volume of 6,220,094 shares, compared to its average volume of 12,097,277. Netflix has a twelve month low of $231.23 and a twelve month high of $423.21. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.98. The company has a market cap of $158.01 billion, a P/E ratio of 133.20, a PEG ratio of 2.98 and a beta of 1.38.
Netflix, Inc provides Internet entertainment services. The company operates in three reportable segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films. 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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