FY2022 EPS Estimates for Roku, Inc. Cut by Analyst (NASDAQ:ROKU)

Roku, Inc. (NASDAQ:ROKU) – Stock analysts at KeyCorp decreased their FY2022 earnings per share (EPS) estimates for Roku in a research note issued on Monday, January 10th. KeyCorp analyst J. Patterson now expects that the company will earn $0.76 per share for the year, down from their prior forecast of $0.81. KeyCorp has a “Overweight” rating and a $325.00 price objective on the stock. KeyCorp also issued estimates for Roku’s FY2023 earnings at $1.85 EPS.

A number of other analysts have also recently weighed in on ROKU. JPMorgan Chase & Co. lowered their price target on Roku from $435.00 to $315.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 15th. Atlantic Securities initiated coverage on Roku in a research report on Wednesday, January 5th. They issued an “underweight” rating and a $136.00 price target on the stock. Benchmark lowered their price target on Roku from $550.00 to $525.00 and set a “buy” rating on the stock in a research report on Thursday, November 4th. Deutsche Bank Aktiengesellschaft lowered their price target on Roku from $500.00 to $400.00 and set a “buy” rating on the stock in a research report on Thursday, November 4th. Finally, Truist Securities decreased their target price on Roku from $390.00 to $360.00 and set a “buy” rating on the stock in a report on Wednesday, November 17th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat, Roku presently has a consensus rating of “Buy” and a consensus target price of $380.74.

Shares of NASDAQ ROKU opened at $167.48 on Thursday. The business has a fifty day simple moving average of $226.87 and a 200 day simple moving average of $315.46. Roku has a one year low of $159.76 and a one year high of $490.76. The firm has a market capitalization of $22.50 billion, a price-to-earnings ratio of 82.50, a PEG ratio of 2.24 and a beta of 1.71. The company has a current ratio of 4.43, a quick ratio of 4.32 and a debt-to-equity ratio of 0.03.

Roku (NASDAQ:ROKU) last issued its earnings results on Wednesday, November 3rd. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.42. The business had revenue of $679.95 million during the quarter, compared to analyst estimates of $682.57 million. Roku had a return on equity of 12.69% and a net margin of 11.22%. During the same period in the prior year, the company posted $0.09 earnings per share.

In other news, CEO Anthony J. Wood sold 80,000 shares of the firm’s stock in a transaction dated Monday, November 15th. The stock was sold at an average price of $273.78, for a total transaction of $21,902,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Anthony J. Wood sold 85,000 shares of the firm’s stock in a transaction dated Monday, November 1st. The stock was sold at an average price of $314.70, for a total value of $26,749,500.00. The disclosure for this sale can be found here. Insiders sold 421,541 shares of company stock worth $104,689,123 in the last three months. Insiders own 15.32% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ROKU. Sassicaia Capital Advisers LLC grew its holdings in shares of Roku by 449.1% during the second quarter. Sassicaia Capital Advisers LLC now owns 71,650 shares of the company’s stock worth $32,905,000 after buying an additional 58,601 shares in the last quarter. Beacon Investment Advisory Services Inc. grew its holdings in shares of Roku by 129.0% during the third quarter. Beacon Investment Advisory Services Inc. now owns 30,915 shares of the company’s stock worth $9,687,000 after buying an additional 17,417 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Roku by 12.4% during the second quarter. Nuveen Asset Management LLC now owns 651,921 shares of the company’s stock worth $299,395,000 after buying an additional 71,891 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Roku by 14.1% during the third quarter. Janney Montgomery Scott LLC now owns 6,906 shares of the company’s stock worth $2,164,000 after buying an additional 856 shares in the last quarter. Finally, qPULA Trading Management LP bought a new position in shares of Roku during the second quarter worth about $654,000. 60.97% of the stock is currently owned by institutional investors.

Roku Company Profile

Roku, Inc engages in the provision of a streaming platform for television. It operates through the following business segments: Player and Platform. The Player segment consists of net sales of streaming media players and accessories through retailers and distributors, as well as directly to customers through the company’s website.

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Earnings History and Estimates for Roku (NASDAQ:ROKU)

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