Company Update: Netflix Inc (NASDAQ:NFLX) – Netflix Brings New Original Anime Series, "Perfect Bones", to Members Worldwide

[PR Newswire] – BEVERLY HILLS, Calif., Feb. 24, 2016 /PRNewswire/ — Netflix, the world ’s leading Internet TV network, today announced, together with Production I.G, a groundbreaking deal that sees the upcoming original Anime series Perfect Bones to premiere only on Netflix. “We are incredibly excited to work with Production I.G, who have worked on hit series such as Attack on Titan and Psycho-Pass, in bringing one of the most daring new Anime titles produced today to all Netflix members and Anime fans around the world ,” said Erik Barmack, vice president, international originals. Mitsuhisa Ishikawa, President & CEO of Production I.G, said about the collaboration, “Among all the tv series and films Netflix offers, the titles I personally find the most amazing are Netflix originals. Read more on this. Netflix, Inc. (NFLX) , with a current market cap of $39.22B, began trading this morning at $88.50. A quick look at the market, the company’s stock traded between $86.70 and $91.76 with its 52-week range being $58.46 to $133.27. Priced at 342.77x this year’s forecasted earnings, NFLX shares are relatively expensive compared to the industry ’s -0.09x forward p/e ratio. Consensus earnings for the current quarter by the 35 sell-side analysts covering the stock is an estimate of $0.04 per share, which would be $0.01 worse than the year-ago quarter and a $0.01 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $0.26, which would be a $0.02 worse when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.97 Billion. If reported, that would be a 25.48% increase over the year-ago quarter. More recently, FBR Capital downgraded NFLX from Outperform to Mkt Perform (Feb 12, 2016). Previously, Piper Jaffray upgraded NFLX from Neutral to Overweight. The average price target for NFLX shares by the analysts covering it is $124.95, which is 41.19% above where the stock opened. See more in (NASDAQ:NFLX) Similar Articles: Company Update (NASDAQ:NFLX): Families Around The World Will Come Together with BEAT BUGS, the Netflix Original Series for Kids Inspired By The Music Of The Beatles Market Update (NASDAQ:NFLX): Lemony Snicket’s A Series of Unfortunate Events Announces Worldwide Casting Call For Key Roles In Upcoming Netflix Original Series Stock Update (NASDAQ:NFLX): Netflix Adds Seven New Original Series For Older Kids Bringing Its Global Original Line Up To More Than 35 Series For Kids Of All Ages