Roku (NASDAQ:ROKU) Announces Quarterly Earnings Results

Roku (NASDAQ:ROKU) posted its earnings results on Thursday. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.01, Fidelity Earnings reports. Roku had a negative net margin of 3.77% and a negative return on equity of 9.79%. The business had revenue of $411.23 million for the quarter, compared to analysts’ expectations of $392.43 million. Roku updated its Q1 2020
After-Hours guidance to EPS and its FY 2020
After-Hours guidance to EPS.

Shares of ROKU stock traded down $8.80 on Friday, hitting $130.25. 63,438,902 shares of the company’s stock traded hands, compared to its average volume of 12,751,469. Roku has a one year low of $50.81 and a one year high of $176.55. The company’s fifty day simple moving average is $132.03 and its 200 day simple moving average is $133.64. The stock has a market capitalization of $15.54 billion, a price-to-earnings ratio of -383.08 and a beta of 1.64.

In other Roku news, Director Mai Fyfield sold 307 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $160.80, for a total value of $49,365.60. Following the sale, the director now owns 307 shares of the company’s stock, valued at approximately $49,365.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Alan S. Henricks sold 5,000 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $160.00, for a total transaction of $800,000.00. Following the completion of the sale, the director now directly owns 10,222 shares in the company, valued at approximately $1,635,520. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 210,081 shares of company stock worth $30,803,764. 22.70% of the stock is owned by insiders.

Several analysts have issued reports on ROKU shares. Zacks Investment Research upgraded shares of Roku from a “hold” rating to a “buy” rating and set a $155.00 target price on the stock in a research note on Friday. Macquarie raised their price objective on shares of Roku from $130.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Royal Bank of Canada restated a “buy” rating and set a $160.00 price objective on shares of Roku in a research report on Thursday, January 9th. BidaskClub upgraded shares of Roku from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, William Blair restated a “buy” rating on shares of Roku in a research report on Tuesday, December 17th. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and sixteen have assigned a buy rating to the stock. Roku presently has a consensus rating of “Hold” and an average target price of $130.98.

Roku Company Profile

Roku, Inc operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts.

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Earnings History for Roku (NASDAQ:ROKU)

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