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.
Analyst Ratings Changes
A number of equities analysts recently issued reports on NFLX shares. Cowen dropped their price objective on Netflix from $590.00 to $325.00 and set an "outperform" rating for the company in a report on Wednesday, April 20th. Deutsche Bank Aktiengesellschaft reduced their price target on Netflix from $300.00 to $270.00 in a research report on Wednesday, July 20th. Cowen reduced their price target on Netflix from $590.00 to $325.00 and set an "outperform" rating for the company in a research report on Wednesday, April 20th. Robert W. Baird reduced 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. Finally, KGI Securities lowered Netflix from an "outperform" rating to a "neutral" rating and set a $350.00 price target for the company. in a research report on Wednesday, April 20th. Six equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Netflix has a consensus rating of "Hold" and an average target price of $323.92.
Netflix Trading Down 0.6 %
Shares of Netflix stock opened at $242.70 on Friday. The firm has a market capitalization of $107.93 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 1.59 and a beta of 1.36. Netflix has a fifty-two week low of $162.71 and a fifty-two week high of $700.99. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a 50 day moving average of $197.29 and a 200 day moving average of $274.97.
Netflix (NASDAQ:NFLX - Get Rating) last issued 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. The company had revenue of $7.97 billion during the quarter, compared to analyst estimates of $8.03 billion. Netflix had a return on equity of 30.07% and a net margin of 16.42%. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.97 earnings per share. As a group, research analysts predict that Netflix will post 10.06 earnings per share for the current year.