Netflix (NFLX) Scheduled to Post Quarterly Earnings on Tuesday

Netflix (NASDAQ:NFLX) will post its quarterly earnings results after the market closes on Tuesday, April 16th. Analysts expect Netflix to post earnings of $4.49 per share for the quarter. Netflix has set its Q1 guidance at $4.49 EPS and its Q1 2024 guidance at 4.490-4.490 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). The company had revenue of $8.83 billion during the quarter, compared to analysts’ expectations of $8.72 billion. Netflix had a return on equity of 24.76% and a net margin of 16.04%. The company’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.12 EPS. On average, analysts expect Netflix to post $17 EPS for the current fiscal year and $21 EPS for the next fiscal year.

Netflix Trading Down 0.9 %

NFLX stock opened at $622.83 on Monday. The company has a market capitalization of $269.54 billion, a PE ratio of 51.86, a P/E/G ratio of 1.69 and a beta of 1.22. Netflix has a 12 month low of $315.62 and a 12 month high of $639.00. The firm’s 50-day moving average is $601.51 and its 200 day moving average is $507.13. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.12 and a quick ratio of 1.12.

Wall Street Analyst Weigh In

A number of research firms have commented on NFLX. Seaport Res Ptn downgraded shares of Netflix from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 30th. BMO Capital Markets raised their target price on shares of Netflix from $566.00 to $638.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Macquarie raised shares of Netflix from a “neutral” rating to an “outperform” rating and raised their target price for the company from $410.00 to $595.00 in a research report on Wednesday, January 24th. Loop Capital raised their target price on shares of Netflix from $585.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Finally, Jefferies Financial Group raised their target price on shares of Netflix from $580.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, March 12th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average price target of $596.97.

Insider Buying and Selling at Netflix

In other news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $17,575,476.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider David A. Hyman sold 47,574 shares of Netflix stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $17,003,651.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider David A. Hyman sold 267 shares of Netflix stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $17,575,476.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 268,335 shares of company stock worth $151,619,811. Company insiders own 2.45% of the company’s stock.

Hedge Funds Weigh In On Netflix

Several institutional investors have recently made changes to their positions in the company. SageView Advisory Group LLC increased its holdings in Netflix by 245.0% in the 4th quarter. SageView Advisory Group LLC now owns 3,136 shares of the Internet television network’s stock worth $1,527,000 after acquiring an additional 2,227 shares in the last quarter. Sanibel Captiva Trust Company Inc. purchased a new stake in Netflix in the 4th quarter worth $861,000. Harbour Investments Inc. increased its holdings in Netflix by 2.2% in the 4th quarter. Harbour Investments Inc. now owns 5,145 shares of the Internet television network’s stock worth $2,505,000 after acquiring an additional 110 shares in the last quarter. Aspect Partners LLC purchased a new stake in Netflix in the 4th quarter worth $32,000. Finally, O Dell Group LLC purchased a new stake in Netflix in the 4th quarter worth $145,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Company Profile

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.