Roku (ROKU) Scheduled to Post Quarterly Earnings on Thursday

Roku (NASDAQ:ROKU) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of ($0.68) per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, February 15th. The company reported ($0.55) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.65) by $0.10. The business had revenue of $984.40 million during the quarter, compared to analyst estimates of $967.72 million. Roku had a negative return on equity of 29.21% and a negative net margin of 20.36%. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period last year, the company earned ($1.70) EPS. On average, analysts expect Roku to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Roku Price Performance

NASDAQ:ROKU opened at $58.57 on Tuesday. The firm has a market capitalization of $8.41 billion, a price-to-earnings ratio of -11.67 and a beta of 1.66. Roku has a 1 year low of $51.62 and a 1 year high of $108.84. The business has a 50 day simple moving average of $64.89 and a 200-day simple moving average of $78.89.

Insider Activity

In related news, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the transaction, the chief executive officer now directly owns 141,221 shares in the company, valued at approximately $13,930,039.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the transaction, the chief executive officer now directly owns 141,221 shares in the company, valued at approximately $13,930,039.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Stephen H. Kay sold 4,310 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $63.20, for a total value of $272,392.00. Following the transaction, the senior vice president now owns 81,459 shares in the company, valued at $5,148,208.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,545 shares of company stock worth $4,364,035. 13.63% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on ROKU. Wedbush lowered their price objective on Roku from $120.00 to $80.00 and set an “outperform” rating for the company in a research note on Friday. Benchmark reissued a “buy” rating and set a $115.00 price target on shares of Roku in a research note on Friday. Susquehanna raised their price target on Roku from $100.00 to $110.00 and gave the stock a “positive” rating in a research note on Friday, February 16th. Morgan Stanley decreased their price target on Roku from $65.00 to $60.00 and set an “underweight” rating for the company in a research note on Friday, April 5th. Finally, Needham & Company LLC reissued a “buy” rating and set a $100.00 price target on shares of Roku in a research note on Wednesday, February 21st. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Roku currently has a consensus rating of “Hold” and an average price target of $84.76.

About Roku

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.