Equities research analysts expect Facebook Inc (NASDAQ:FB) to announce earnings per share (EPS) of $1.40 for the current fiscal quarter, according to Zacks. Twelve analysts have provided estimates for Facebook’s earnings. The lowest EPS estimate is $1.07 and the highest is $1.79. Facebook reported earnings of $1.23 per share during the same quarter last year, which indicates a positive year over year growth rate of 13.8%. The business is scheduled to issue its next earnings report on Wednesday, May 2nd.
According to Zacks, analysts expect that Facebook will report full-year earnings of $7.19 per share for the current fiscal year, with EPS estimates ranging from $6.30 to $7.67. For the next year, analysts expect that the company will post earnings of $9.11 per share, with EPS estimates ranging from $7.82 to $10.71. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Facebook.
Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.24. The business had revenue of $12.97 billion during the quarter, compared to analyst estimates of $12.58 billion. Facebook had a net margin of 39.16% and a return on equity of 26.49%.
FB has been the subject of several analyst reports. Barclays increased their price target on shares of Facebook from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, November 2nd. Needham & Company LLC increased their price objective on shares of Facebook from $185.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Wedbush set a $225.00 price objective on shares of Facebook and gave the company a “buy” rating in a research report on Monday, October 30th. Morgan Stanley set a $215.00 price objective on shares of Facebook and gave the company a “buy” rating in a research report on Friday, January 12th. Finally, Atlantic Securities set a $215.00 price objective on shares of Facebook and gave the company a “buy” rating in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating, forty-two have given a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $214.70.
In other news, COO Sheryl Sandberg sold 55,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $177.25, for a total transaction of $9,748,750.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Mark Zuckerberg sold 220,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $177.39, for a total transaction of $39,025,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,016,284 shares of company stock valued at $182,010,071 over the last three months. 17.23% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC grew its stake in Facebook by 283.6% in the 2nd quarter. Janus Henderson Group PLC now owns 11,888,149 shares of the social networking company’s stock valued at $1,794,857,000 after acquiring an additional 8,788,743 shares during the period. Truepoint Inc. grew its stake in Facebook by 16,822.1% in the 3rd quarter. Truepoint Inc. now owns 6,137,138 shares of the social networking company’s stock valued at $6,137,000 after acquiring an additional 6,100,871 shares during the period. Vanguard Group Inc. grew its stake in Facebook by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock valued at $24,538,895,000 after acquiring an additional 5,151,190 shares during the period. BlackRock Inc. grew its stake in Facebook by 3.6% in the 4th quarter. BlackRock Inc. now owns 146,170,789 shares of the social networking company’s stock valued at $25,793,297,000 after acquiring an additional 5,107,163 shares during the period. Finally, Harding Loevner LP grew its stake in Facebook by 229.7% in the 3rd quarter. Harding Loevner LP now owns 4,258,885 shares of the social networking company’s stock valued at $215,130,000 after acquiring an additional 2,966,978 shares during the period. 57.32% of the stock is currently owned by institutional investors and hedge funds.
Shares of Facebook (NASDAQ:FB) opened at $177.36 on Tuesday. The company has a market cap of $515,230.00, a PE ratio of 32.91, a price-to-earnings-growth ratio of 0.92 and a beta of 0.58. Facebook has a 1 year low of $132.90 and a 1 year high of $195.32.
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Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.
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