Netflix, Inc. to Post FY2022 Earnings of $10.77 Per Share, Jefferies Financial Group Forecasts (NASDAQ:NFLX)

Netflix, Inc. (NASDAQ:NFLXGet Rating) – Investment analysts at Jefferies Financial Group raised their FY2022 earnings per share (EPS) estimates for Netflix in a research note issued to investors on Wednesday, April 20th. Jefferies Financial Group analyst A. Uerkwitz now forecasts that the Internet television network will post earnings of $10.77 per share for the year, up from their previous forecast of $10.21. Jefferies Financial Group currently has a “Hold” rating and a $415.00 price objective on the stock. Jefferies Financial Group also issued estimates for Netflix’s FY2023 earnings at $11.98 EPS and FY2026 earnings at $29.90 EPS.

Netflix (NASDAQ:NFLXGet Rating) last issued its quarterly earnings results on Tuesday, April 19th. The Internet television network reported $3.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.90 by $0.63. The business had revenue of $7.87 billion during the quarter, compared to analyst estimates of $7.94 billion. Netflix had a net margin of 17.23% and a return on equity of 35.34%. The business’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.75 earnings per share.

A number of other analysts have also issued reports on the stock. BMO Capital Markets dropped their price target on shares of Netflix from $640.00 to $405.00 and set a “buy” rating for the company in a research note on Wednesday. Cowen lowered their target price on shares of Netflix from $590.00 to $325.00 and set an “outperform” rating for the company in a research note on Wednesday. The Goldman Sachs Group lowered their target price on shares of Netflix from $420.00 to $265.00 and set a “neutral” rating for the company in a research note on Wednesday. Loop Capital reiterated a “hold” rating on shares of Netflix in a research note on Thursday. Finally, Zacks Investment Research upgraded shares of Netflix from a “sell” rating to a “hold” rating and set a $402.00 target price for the company in a research note on Wednesday, March 23rd. Three analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $386.31.

Shares of NASDAQ:NFLX opened at $218.22 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93. The company has a fifty day simple moving average of $363.91 and a 200 day simple moving average of $507.94. The firm has a market cap of $96.95 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 1.26 and a beta of 0.97. Netflix has a 12-month low of $211.52 and a 12-month high of $700.99.

In related news, CEO Reed Hastings acquired 46,900 shares of the business’s stock in a transaction on Thursday, January 27th. The shares were purchased at an average price of $390.08 per share, for a total transaction of $18,294,752.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.68% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Icapital Wealth LLC acquired a new position in shares of Netflix in the 1st quarter valued at about $25,000. Sageworth Trust Co acquired a new position in shares of Netflix in the 4th quarter valued at about $29,000. Andrew Hill Investment Advisors Inc. acquired a new position in shares of Netflix in the 4th quarter valued at about $30,000. Field & Main Bank acquired a new position in shares of Netflix in the 4th quarter valued at about $30,000. Finally, Paragon Capital Management Ltd acquired a new position in shares of Netflix in the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 81.37% of the company’s stock.

About Netflix (Get Rating)

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.

Further Reading

Earnings History and Estimates for Netflix (NASDAQ:NFLX)

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