Equities research analysts expect Roku Inc (NASDAQ:ROKU) to report sales of $261.64 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Roku’s earnings. The highest sales estimate is $266.10 million and the lowest is $257.50 million. Roku posted sales of $188.26 million in the same quarter last year, which suggests a positive year over year growth rate of 39%. The firm is expected to issue its next earnings report on Wednesday, February 20th.
According to Zacks, analysts expect that Roku will report full-year sales of $728.43 million for the current year, with estimates ranging from $724.27 million to $732.80 million. For the next financial year, analysts expect that the business will report sales of $977.95 million, with estimates ranging from $940.05 million to $989.80 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Roku.
Roku (NASDAQ:ROKU) last posted its earnings results on Wednesday, November 7th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.03. The company had revenue of $173.40 million for the quarter, compared to the consensus estimate of $170.73 million. Roku had a negative return on equity of 4.46% and a negative net margin of 1.33%. The firm’s revenue for the quarter was up 38.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.10) earnings per share.
A number of research firms recently commented on ROKU. Cannonball Research boosted their target price on Roku from $68.00 to $97.00 and gave the stock a “buy” rating in a research report on Monday, October 1st. Our analysis of the composition of advertising revenue growth gives us incremental comfort with our revenue forecast for FY18-20. It also supports our Buy thesis based on the belief that ROKU works only if the advertising revenue story works. We think that inventory sell through which has been a relatively small revenue driver so far can become more significant in the mid-term. Zacks Investment Research upgraded Roku from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Tuesday, November 6th. ValuEngine downgraded Roku from a “buy” rating to a “hold” rating in a research report on Monday, November 12th. BidaskClub downgraded Roku from a “buy” rating to a “hold” rating in a research report on Tuesday, November 13th. Finally, KeyCorp decreased their price objective on Roku from $81.00 to $59.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $57.86.
Shares of NASDAQ:ROKU traded down $0.59 during mid-day trading on Friday, reaching $39.57. The stock had a trading volume of 12,522,807 shares, compared to its average volume of 22,290,713. The company has a market capitalization of $4.60 billion, a P/E ratio of -17.67 and a beta of 3.26. Roku has a 1 year low of $26.30 and a 1 year high of $77.57.
In other news, CEO Anthony J. Wood sold 125,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 16th. The stock was sold at an average price of $62.21, for a total transaction of $7,776,250.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jeff Hastings sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, January 7th. The shares were sold at an average price of $40.00, for a total value of $40,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 376,448 shares of company stock worth $18,962,492. Insiders own 0.55% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers acquired a new position in Roku during the 2nd quarter valued at $1,742,000. State Board of Administration of Florida Retirement System acquired a new position in Roku during the 2nd quarter valued at $544,000. Bank of New York Mellon Corp raised its stake in Roku by 588.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 141,695 shares of the company’s stock valued at $6,039,000 after purchasing an additional 121,120 shares during the last quarter. Strs Ohio acquired a new position in Roku during the 2nd quarter valued at $541,000. Finally, SG Americas Securities LLC bought a new stake in Roku in the 2nd quarter valued at $334,000. 46.29% of the stock is currently owned by hedge funds and other institutional investors.
Roku Company Profile
Roku, Inc operates a TV streaming platform. The company operates in two segments, Player and Platform. Its platform allows users to search, discover, and access approximately 500,000 movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2017, the company had 19.3 million active accounts.
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