Roku (ROKU) to Release Earnings on Thursday

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

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, February 15th. The company reported ($0.55) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.65) by $0.10. The firm had revenue of $984.40 million during the quarter, compared to analyst estimates of $967.72 million. Roku had a negative return on equity of 29.21% and a negative net margin of 20.36%. Roku’s revenue was up 13.5% compared to the same quarter last year. During the same period last year, the business posted ($1.70) earnings per share. On average, analysts expect Roku to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Roku Trading Down 0.4 %

NASDAQ:ROKU opened at $57.59 on Thursday. The firm has a market cap of $8.27 billion, a PE ratio of -11.47 and a beta of 1.66. The stock has a fifty day moving average price of $67.19 and a 200 day moving average price of $79.07. Roku has a 12-month low of $51.62 and a 12-month high of $108.84.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ROKU shares. Pivotal Research lowered their price target on Roku from $85.00 to $75.00 and set a “hold” rating on the stock in a report on Friday, February 16th. Wells Fargo & Company lowered their target price on Roku from $51.00 to $45.00 and set an “underweight” rating on the stock in a report on Friday, April 12th. Citigroup reduced their price target on Roku from $110.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 21st. Oppenheimer lowered Roku from an “outperform” rating to a “market perform” rating in a research report on Friday, February 16th. Finally, Wedbush reiterated an “outperform” rating and issued a $120.00 price target on shares of Roku in a report on Friday, February 16th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $86.67.

Insider Activity at Roku

In related news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the sale, the chief executive officer now owns 141,221 shares in the company, valued at approximately $13,930,039.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Charles Collier sold 12,277 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $65.06, for a total transaction of $798,741.62. Following the completion of the transaction, the insider now owns 4,292 shares of the company’s stock, valued at $279,237.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the transaction, the chief executive officer now directly owns 141,221 shares of the company’s stock, valued at approximately $13,930,039.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,545 shares of company stock worth $4,364,035. Insiders own 13.63% of the company’s stock.

Institutional Investors Weigh In On Roku

Hedge funds and other institutional investors have recently bought and sold shares of the stock. LM Advisors LLC bought a new stake in shares of Roku during the fourth quarter worth about $27,000. Covestor Ltd grew its position in Roku by 693.2% in the 1st quarter. Covestor Ltd now owns 349 shares of the company’s stock worth $44,000 after purchasing an additional 305 shares in the last quarter. Quarry LP purchased a new position in Roku in the second quarter valued at about $25,000. ICA Group Wealth Management LLC purchased a new position in Roku in the fourth quarter valued at about $25,000. Finally, Sunbelt Securities Inc. purchased a new position in Roku in the first quarter valued at about $45,000. 86.30% of the stock is owned by institutional investors.

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.