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.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on NFLX shares. UBS Group dropped their price objective on shares of Netflix from $355.00 to $198.00 and set a "neutral" rating on the stock in a research note on Friday, July 15th. Pivotal Research cut their price objective on shares of Netflix from $235.00 to $175.00 and set a "sell" rating on the stock in a report on Wednesday, July 20th. Wolfe Research upped their price objective on shares of Netflix from $234.00 to $251.00 and gave the company an "outperform" rating in a research report on Wednesday, July 20th. Edward Jones lowered Netflix from a "buy" rating to a "hold" rating in a research report on Thursday, April 21st. Finally, Canaccord Genuity Group reduced their price target on Netflix from $600.00 to $400.00 and set a "buy" rating for the company in a report on Wednesday, April 20th. Six research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $323.92.
Netflix Trading Down 1.4 %
Shares of NFLX Stock opened at $245.69 on Wednesday. Netflix has a 1 year low of $162.71 and a 1 year high of $700.99. The firm has a market capitalization of $109.26 billion, a PE ratio of 21.84, a price-to-earnings-growth ratio of 1.73 and a beta of 1.36. The stock has a fifty day moving average of $201.03 and a two-hundred day moving average of $270.62. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.05 and a current ratio of 1.05.
Netflix (NASDAQ:NFLX - Get Rating) last posted its quarterly earnings data on Tuesday, July 19th. The Internet television network reported $3.20 earnings per share for the quarter, topping the consensus estimate of $2.96 by $0.24. Netflix had a net margin of 16.42% and a return on equity of 30.07%. The business had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.03 billion. During the same quarter in the prior year, the company posted $2.97 earnings per share. The company's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, research analysts expect that Netflix will post 10.03 EPS for the current year.