Netflix, Inc. provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices. It also provides DVDs-by-mail membership services in the United States. The company has approximately 222 million paid members in 190 countries. Netflix, Inc. was incorporated in 1997 and is headquartered in Los Gatos, California.
Netflix Trading Up 1.7 %
Shares of NASDAQ:NFLX opened at $245.17 on Friday. The company has a market cap of $109.03 billion, a P/E ratio of 21.79, a PEG ratio of 1.71 and a beta of 1.36. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.05 and a quick ratio of 1.05. Netflix has a 1 year low of $162.71 and a 1 year high of $700.99. The stock's fifty day moving average price is $202.85 and its 200-day moving average price is $269.15.
Netflix (NASDAQ:NFLX - Get Rating) last announced its quarterly earnings results on Tuesday, July 19th. The Internet television network reported $3.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.96 by $0.24. The firm had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.03 billion. Netflix had a return on equity of 30.07% and a net margin of 16.42%. The company's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.97 earnings per share. Sell-side analysts expect that Netflix will post 10.03 earnings per share for the current year.
Analyst Ratings Changes
NFLX has been the subject of several analyst reports. Edward Jones downgraded Netflix from a "buy" rating to a "hold" rating in a research note on Thursday, April 21st. Robert W. Baird dropped their price target on Netflix from $260.00 to $240.00 and set a "neutral" rating for the company in a research report on Wednesday, July 20th. Societe Generale dropped their price target on Netflix from $330.00 to $170.00 and set a "sell" rating for the company in a research report on Tuesday, June 14th. Bank of America dropped their price target on Netflix to $196.00 in a research report on Thursday, June 23rd. Finally, Atlantic Securities dropped their price target on Netflix from $280.00 to $211.00 and set a "neutral" rating for the company in a research report on Wednesday, July 20th. Six investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Netflix has a consensus rating of "Hold" and an average target price of $323.92.