Netflix, Inc. (NASDAQ:NFLX) – KeyCorp lifted their FY2019 earnings estimates for Netflix in a note issued to investors on Wednesday, October 16th. KeyCorp analyst A. Hargreaves now forecasts that the Internet television network will post earnings per share of $3.34 for the year, up from their prior estimate of $3.17. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Netflix’s Q4 2019 earnings at $0.51 EPS, Q1 2020 earnings at $1.23 EPS, Q2 2020 earnings at $1.37 EPS, Q3 2020 earnings at $1.74 EPS, Q4 2020 earnings at $1.21 EPS and FY2020 earnings at $5.55 EPS.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Wednesday, October 16th. The Internet television network reported $1.47 EPS for the quarter, beating the consensus estimate of $1.05 by $0.42. The firm had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.25 billion. Netflix had a net margin of 7.49% and a return on equity of 23.65%. The company’s quarterly revenue was up 31.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.89 earnings per share.
Shares of NASDAQ:NFLX opened at $266.69 on Monday. The company has a market cap of $116.77 billion, a price-to-earnings ratio of 99.51, a price-to-earnings-growth ratio of 2.77 and a beta of 1.20. The company has a 50-day moving average price of $278.94 and a 200-day moving average price of $329.48. The company has a current ratio of 0.73, a quick ratio of 0.85 and a debt-to-equity ratio of 1.81. Netflix has a 12 month low of $231.23 and a 12 month high of $385.99.
In other Netflix news, Director Bradford L. Smith acquired 6,499 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were acquired at an average price of $308.49 per share, for a total transaction of $2,004,876.51. Following the completion of the acquisition, the director now owns 799 shares in the company, valued at $246,483.51. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Reed Hastings sold 43,372 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $266.57, for a total transaction of $11,561,674.04. Following the completion of the sale, the chief executive officer now owns 43,372 shares in the company, valued at approximately $11,561,674.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 135,702 shares of company stock worth $38,290,015. Corporate insiders own 3.72% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Intercontinental Wealth Advisors LLC grew its holdings in Netflix by 100.0% in the third quarter. Intercontinental Wealth Advisors LLC now owns 96 shares of the Internet television network’s stock worth $26,000 after purchasing an additional 48 shares during the period. Nelson Roberts Investment Advisors LLC grew its holdings in Netflix by 600.0% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 84 shares of the Internet television network’s stock worth $31,000 after purchasing an additional 72 shares during the period. CX Institutional purchased a new stake in Netflix in the third quarter worth about $35,000. SRS Capital Advisors Inc. purchased a new stake in Netflix in the second quarter worth about $39,000. Finally, Wealthcare Capital Management LLC purchased a new stake in Netflix in the third quarter worth about $40,000. Institutional investors and hedge funds own 78.93% of the company’s stock.
Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. 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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