Netflix (NFLX) Projected to Post Quarterly Earnings on Tuesday

Netflix (NASDAQ:NFLX) will likely be releasing its earnings data after the market closes on Tuesday, January 21st. Analysts expect Netflix to post earnings of $4.21 per share and revenue of $10,141,900.00 billion for the quarter.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.09 by $0.31. The company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. On average, analysts expect Netflix to post $20 EPS for the current fiscal year and $24 EPS for the next fiscal year.

Netflix Stock Performance

Netflix stock traded up $19.86 during trading hours on Wednesday, hitting $848.26. The stock had a trading volume of 3,174,894 shares, compared to its average volume of 3,086,632. Netflix has a fifty-two week low of $475.26 and a fifty-two week high of $941.75. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The company has a 50-day moving average of $881.04 and a two-hundred day moving average of $755.96. The company has a market cap of $362.60 billion, a PE ratio of 48.01, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27.

Insider Activity

In other Netflix news, CEO Gregory K. Peters sold 4,186 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $9,817,500. The trade was a 24.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anne M. Sweeney sold 589 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 156,742 shares of company stock worth $131,030,268. Insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on NFLX. Needham & Company LLC boosted their target price on Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Citigroup boosted their price target on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a research note on Saturday, December 21st. Piper Sandler upped their target price on shares of Netflix from $840.00 to $950.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Bank of America boosted their price objective on Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average target price of $845.82.

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.