Wednesday, 22 November, 2017

Netflix earnings surge on strong global growth

Netflix Netflix has been growing in popularity in the US and abroad
Kelvin Reese | 18 October, 2017, 00:54

The original version of this story can be viewed at https://stocknewstimes.com/2017/10/17/oppenheimer-holdings-inc-increases-netflix-inc-nflx-price-target-to-215-00.html. "(NFLX) PT Raised to $235.00" was first published by Week Herald and is the property of of Week Herald.

Several brokerage firms have released ratings on the company recently.

The company also issued guidance for the next quarter.

The video streaming company's shares slipped a bit to $200 after touching a record high of $204.38, spurred by a series of price target increases by brokerages.

Elsewhere, Sonic Corp (NASDAQ:SONC) shares shed 4.64% after the bell, having closed 1.72% higher, after the company posted its fourth quarter earnings. As long as that stock price keeps going up, up, up, does it really matter?

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Shares of Netflix (NFLX) traded down 1.67% during midday trading on Tuesday, hitting $199.30. The company's stock had a trading volume of 14,987,140 shares. The stock is now moving above its 20-Day Simple Moving Average of 8.12% with a 50-Day Simple Moving Average of 12.96 percent. Prices peaked in the after market at $211 which marked a 4.1% jump in value, which is actually one of Netflix's smaller earning jumps. The stock has a market capitalization of $86.25 billion, a price-to-earnings ratio of 243.04 and a beta of 1.09.

Netflix (NFLX) shares hit a new high Monday after the video-streaming company reported strong global subscriber gains. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.97 billion. The return on assets stands at 2.5%, Return on Equity now is 12.8% and the Return on Investment value is 5%.

Wall Street analysts, on average, are forecasting the company's EPS to be 0.32, compared to 0.15 reported in the same quarter previous year. During the same quarter past year, the firm posted $0.12 EPS. On average, equities analysts anticipate that Netflix will post $1.19 EPS for the current fiscal year. Summit Group Ltd has invested 0.55% of its portfolio in Netflix, Inc. Finally, Kalos Management Inc. boosted its stake in Netflix by 0.7% during the second quarter. Netflix had 189 analyst reports since August 4, 2015 according to SRatingsIntel.

If that happens, there will be more attention on Netflix's huge programming bills, and "then we could see an investor backlash", CFRA Research analyst Tuna Amobi says. The legal version of this report can be read at https://www.truebluetribune.com/2017/10/17/netflix-inc-nflx-given-a-175-00-price-target-by-suntrust-banks-inc-analysts.html.

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