Netflix (NASDAQ:NFLX) Issues Earnings Results

Netflix (NASDAQ:NFLXGet Free Report) issued its quarterly earnings results on Tuesday. The Internet television network reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.21 by $0.06, Briefing.com reports. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10,141,900 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period last year, the company earned $2.11 earnings per share.

Netflix Trading Up 1.3 %

Shares of NASDAQ:NFLX traded up $11.58 during midday trading on Tuesday, reaching $869.68. The company had a trading volume of 9,034,773 shares, compared to its average volume of 3,643,469. The company has a fifty day simple moving average of $885.64 and a two-hundred day simple moving average of $760.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $371.75 billion, a price-to-earnings ratio of 49.22, a price-to-earnings-growth ratio of 1.40 and a beta of 1.27. Netflix has a 1-year low of $479.90 and a 1-year high of $941.75.

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of recent analyst reports. Citigroup raised their target price on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Benchmark boosted their target price on Netflix from $555.00 to $720.00 and gave the stock a “sell” rating in a research report on Friday, January 3rd. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research note on Saturday, December 21st. Rosenblatt Securities reissued a “neutral” rating and issued a $680.00 target price on shares of Netflix in a research note on Thursday, January 16th. Finally, Wolfe Research restated an “outperform” rating on shares of Netflix in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $845.06.

View Our Latest Stock Analysis on NFLX

Insider Buying and Selling at Netflix

In related news, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Reed Hastings sold 48,363 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $896.60, for a total value of $43,362,265.80. Following the sale, the chairman now owns 114 shares of the company’s stock, valued at $102,212.40. The trade was a 99.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 152,198 shares of company stock valued at $127,616,898. 1.76% of the stock is currently owned by corporate insiders.

Netflix Company Profile

(Get Free Report)

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

Earnings History for Netflix (NASDAQ:NFLX)

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