Netflix (NFLX) Issues Q2 Earnings Guidance

Netflix (NASDAQ:NFLX) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.00. The company issued revenue guidance of $4.928 billion, compared to the consensus revenue estimate of $4.96 billion.Netflix also updated its Q2 2019 guidance to $0.55-0.55 EPS.

Shares of Netflix stock opened at $359.46 on Wednesday. The stock has a market cap of $152.32 billion, a price-to-earnings ratio of 134.13, a PEG ratio of 2.92 and a beta of 1.36. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.49 and a current ratio of 1.49. Netflix has a 12-month low of $231.23 and a 12-month high of $423.21.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, April 16th. The Internet television network reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.19. The firm had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.50 billion. Netflix had a net margin of 7.67% and a return on equity of 25.82%. The business’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.64 earnings per share. On average, analysts predict that Netflix will post 3.98 EPS for the current fiscal year.

A number of equities research analysts have issued reports on NFLX shares. Barclays reduced their price objective on shares of Netflix from $430.00 to $375.00 and set an overweight rating on the stock in a research note on Monday, January 7th. Morgan Stanley reissued an overweight rating and issued a $430.00 target price (down previously from $475.00) on shares of Netflix in a report on Friday, January 11th. SunTrust Banks reissued a buy rating and issued a $355.00 target price (down previously from $410.00) on shares of Netflix in a report on Wednesday, January 2nd. Sanford C. Bernstein reissued a buy rating and issued a $421.00 target price on shares of Netflix in a report on Wednesday, January 16th. Finally, Macquarie set a $375.00 target price on shares of Netflix and gave the stock a buy rating in a report on Friday, January 18th. Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. Netflix presently has a consensus rating of Buy and a consensus target price of $383.33.

In related news, Director Anne M. Sweeney sold 7,607 shares of Netflix stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $360.00, for a total value of $2,738,520.00. Following the completion of the sale, the director now owns 444 shares of the company’s stock, valued at approximately $159,840. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Reed Hastings sold 52,458 shares of Netflix stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $367.25, for a total transaction of $19,265,200.50. Following the completion of the sale, the chief executive officer now directly owns 52,458 shares of the company’s stock, valued at approximately $19,265,200.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 184,381 shares of company stock valued at $64,721,327. Company insiders own 4.29% of the company’s stock.

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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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