Roku (ROKU) to Release Earnings on Thursday

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

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, February 15th. The company reported ($0.55) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.65) by $0.10. Roku had a negative net margin of 20.36% and a negative return on equity of 29.21%. The firm had revenue of $984.40 million for the quarter, compared to analysts’ expectations of $967.72 million. During the same quarter last year, the company posted ($1.70) earnings per share. Roku’s revenue was up 13.5% on a year-over-year basis. 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

Shares of NASDAQ:ROKU opened at $57.59 on Thursday. Roku has a 12 month low of $51.62 and a 12 month high of $108.84. The stock has a market cap of $8.27 billion, a price-to-earnings ratio of -11.47 and a beta of 1.66. The stock’s 50 day moving average price is $67.19 and its 200 day moving average price is $79.07.

Insider Buying and Selling

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

Institutional Investors Weigh In On Roku

Hedge funds and other institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its stake in Roku by 0.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 21,645 shares of the company’s stock worth $1,987,000 after purchasing an additional 144 shares during the period. Brighton Jones LLC lifted its position in Roku by 8.6% in the first quarter. Brighton Jones LLC now owns 1,874 shares of the company’s stock worth $235,000 after buying an additional 148 shares during the last quarter. Schroder Investment Management Group lifted its position in Roku by 2.6% in the fourth quarter. Schroder Investment Management Group now owns 6,123 shares of the company’s stock worth $561,000 after buying an additional 155 shares during the last quarter. IHT Wealth Management LLC lifted its position in Roku by 4.0% in the first quarter. IHT Wealth Management LLC now owns 4,060 shares of the company’s stock worth $509,000 after buying an additional 157 shares during the last quarter. Finally, Mariner LLC increased its stake in Roku by 0.7% in the fourth quarter. Mariner LLC now owns 22,264 shares of the company’s stock worth $906,000 after purchasing an additional 165 shares during the period. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Analysts Set New Price Targets

ROKU has been the topic of several research analyst reports. Morgan Stanley lowered their price objective on shares of Roku from $65.00 to $60.00 and set an “underweight” rating on the stock in a research report on Friday, April 5th. Stephens reaffirmed an “overweight” rating and set a $105.00 price objective on shares of Roku in a research report on Friday, February 16th. Susquehanna upped their price objective on shares of Roku from $100.00 to $110.00 and gave the stock a “positive” rating in a research note on Friday, February 16th. Pivotal Research reduced their target price on shares of Roku from $85.00 to $75.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. Finally, Wells Fargo & Company cut their price objective on shares of Roku from $51.00 to $45.00 and set an “underweight” rating on the stock in a report on Friday, April 12th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $86.67.

Roku Company Profile

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.