Netflix (NFLX) to Release Earnings on Thursday

Netflix (NASDAQ:NFLXGet Free Report) will be releasing its earnings data after the market closes on Thursday, July 18th. Analysts expect Netflix to post earnings of $4.70 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Netflix (NASDAQ:NFLXGet Free Report) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. During the same period in the previous year, the company earned $2.88 earnings per share. Netflix’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, analysts expect Netflix to post $18 EPS for the current fiscal year and $22 EPS for the next fiscal year.

Netflix Price Performance

Shares of NFLX opened at $677.65 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market cap of $292.07 billion, a PE ratio of 47.03, a price-to-earnings-growth ratio of 1.48 and a beta of 1.27. Netflix has a 1-year low of $344.73 and a 1-year high of $697.49. The firm has a fifty day moving average price of $648.59 and a 200 day moving average price of $595.44.

Analysts Set New Price Targets

Several brokerages have weighed in on NFLX. Pivotal Research upped their target price on shares of Netflix from $765.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Morgan Stanley increased their price target on shares of Netflix from $600.00 to $700.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Piper Sandler increased their price objective on shares of Netflix from $550.00 to $600.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Evercore ISI increased their price objective on shares of Netflix from $650.00 to $700.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 28th. Finally, Bank of America raised their price target on shares of Netflix from $650.00 to $700.00 and gave the company a “buy” rating in a report on Friday, April 19th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $639.57.

View Our Latest Stock Analysis on NFLX

Insider Buying and Selling

In other Netflix news, Director Anne M. Sweeney sold 633 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $560.00, for a total transaction of $354,480.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Spencer Adam Neumann sold 564 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $613.08, for a total value of $345,777.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Anne M. Sweeney sold 633 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $560.00, for a total transaction of $354,480.00. The disclosure for this sale can be found here. Insiders sold 71,385 shares of company stock worth $44,469,351 in the last quarter. 1.76% of the stock is owned by corporate insiders.

About Netflix

(Get Free Report)

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

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Earnings History for Netflix (NASDAQ:NFLX)

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