Netflix (NFLX) Expected to Announce Earnings on Thursday

Netflix (NASDAQ:NFLX - Get Free Report) is expected to be releasing its earnings data after the market closes on Thursday, April 17th. Analysts expect Netflix to post earnings of $5.74 per share and revenue of $10.51 billion for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the company posted $2.11 earnings per share. The company's revenue for the quarter was up 16.0% on a year-over-year basis. On average, analysts expect Netflix to post $25 EPS for the current fiscal year and $30 EPS for the next fiscal year.

Netflix Trading Down 0.3 %

Shares of Netflix stock traded down $2.88 during trading hours on Friday, hitting $918.29. The company's stock had a trading volume of 4,069,267 shares, compared to its average volume of 3,690,438. The company has a market capitalization of $392.80 billion, a PE ratio of 46.31, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a 50 day moving average of $960.09 and a 200 day moving average of $885.47. Netflix has a 12 month low of $542.01 and a 12 month high of $1,064.50.

Insider Buying and Selling

In related news, Director Jay C. Hoag sold 617 shares of Netflix stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total value of $604,481.07. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Reed Hastings sold 25,360 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total value of $23,360,364.00. Following the sale, the chairman now owns 394 shares of the company's stock, valued at $362,933.10. The trade was a 98.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 274,312 shares of company stock worth $267,919,297. Company insiders own 1.76% of the company's stock.

Hedge Funds Weigh In On Netflix

A hedge fund recently raised its stake in Netflix stock. Brighton Jones LLC lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,390 shares of the Internet television network's stock after buying an additional 257 shares during the period. Brighton Jones LLC's holdings in Netflix were worth $4,804,000 as of its most recent SEC filing. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Evercore ISI raised their target price on shares of Netflix from $950.00 to $1,100.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. FBN Securities began coverage on shares of Netflix in a research note on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 target price for the company. Canaccord Genuity Group raised Netflix from a "hold" rating to a "buy" rating and lifted their price target for the company from $940.00 to $1,150.00 in a research note on Wednesday, January 22nd. StockNews.com cut Netflix from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, Wedbush reissued an "outperform" rating and issued a $1,150.00 target price on shares of Netflix in a research report on Friday. Ten investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $1,017.31.

About Netflix

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.