Imperial Capital Weighs in on Netflix, Inc.’s Q1 2020 Earnings (NASDAQ:NFLX)

Netflix, Inc. (NASDAQ:NFLX) – Research analysts at Imperial Capital boosted their Q1 2020 EPS estimates for Netflix in a report released on Thursday, November 14th. Imperial Capital analyst D. Miller now expects that the Internet television network will earn $1.24 per share for the quarter, up from their prior forecast of $1.23. Imperial Capital has a “Outperform” rating and a $446.00 price target on the stock. Imperial Capital also issued estimates for Netflix’s Q2 2020 earnings at $1.49 EPS, FY2020 earnings at $5.62 EPS, Q1 2021 earnings at $1.24 EPS, Q2 2021 earnings at $1.49 EPS, Q3 2021 earnings at $1.82 EPS and FY2021 earnings at $5.62 EPS.

Other analysts have also recently issued research reports about the stock. Loop Capital reduced their price objective on shares of Netflix to $415.00 in a research note on Thursday, October 17th. Raymond James reduced their price objective on shares of Netflix from $450.00 to $415.00 and set a “strong-buy” rating on the stock in a research note on Monday, October 14th. Nomura boosted their price objective on shares of Netflix from $310.00 to $330.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Royal Bank of Canada reduced their price objective on shares of Netflix from $450.00 to $420.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Finally, Cowen reduced their price objective on shares of Netflix from $435.00 to $415.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $368.28.

Shares of Netflix stock opened at $302.57 on Monday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.81. Netflix has a twelve month low of $231.23 and a twelve month high of $385.99. The stock has a market cap of $126.81 billion, a price-to-earnings ratio of 112.90, a P/E/G ratio of 2.90 and a beta of 1.25. The company’s fifty day moving average is $281.58 and its 200 day moving average is $319.41.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Wednesday, October 16th. The Internet television network reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.42. Netflix had a net margin of 7.49% and a return on equity of 23.65%. The company had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.25 billion. During the same quarter in the previous year, the firm posted $0.89 earnings per share. Netflix’s revenue for the quarter was up 31.2% on a year-over-year basis.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. WT Wealth Management acquired a new stake in shares of Netflix in the 3rd quarter worth about $270,000. First Allied Advisory Services Inc. raised its holdings in shares of Netflix by 15.2% in the 3rd quarter. First Allied Advisory Services Inc. now owns 26,628 shares of the Internet television network’s stock worth $7,124,000 after acquiring an additional 3,513 shares during the last quarter. Lyell Wealth Management LP raised its holdings in shares of Netflix by 15.3% in the 3rd quarter. Lyell Wealth Management LP now owns 8,100 shares of the Internet television network’s stock worth $2,168,000 after acquiring an additional 1,075 shares during the last quarter. Tiedemann Advisors LLC raised its holdings in shares of Netflix by 7.3% in the 3rd quarter. Tiedemann Advisors LLC now owns 6,344 shares of the Internet television network’s stock worth $1,698,000 after acquiring an additional 434 shares during the last quarter. Finally, Insight Wealth Strategies LLC raised its holdings in shares of Netflix by 12.5% in the 3rd quarter. Insight Wealth Strategies LLC now owns 3,439 shares of the Internet television network’s stock worth $920,000 after acquiring an additional 382 shares during the last quarter. Hedge funds and other institutional investors own 79.48% of the company’s stock.

In other news, CEO Reed Hastings sold 40,061 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $275.64, for a total transaction of $11,042,414.04. Following the transaction, the chief executive officer now owns 40,061 shares in the company, valued at $11,042,414.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.72% of the stock is currently owned by corporate insiders.

About Netflix

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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Earnings History and Estimates for Netflix (NASDAQ:NFLX)

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