Wall Street brokerages predict Facebook, Inc. (NASDAQ: FB) will announce earnings per share of $ 2.36 for the current quarter. Fourteen analysts provided estimates of Facebook’s earnings. The highest estimate of EPS is $ 2.71 and the lowest is $ 2. Facebook reported earnings per share of $ 1.71 for the same quarter last year, indicating a positive year-over-year growth rate of 38%. The company plans to publish its next P&L after the market close on Wednesday 5 May.
On average, analysts expect Facebook to report annual earnings of $ 11.28 per share for the current year, with an EPS estimate of $ 9.94 to $ 12.02. Analysts expect the company to post earnings of $ 13.57 per share in the next fiscal year, with earnings per share ranging from $ 10.96 to $ 14.89. The Zacks EPS calculation is an average based on a survey of sales analysts who follow Facebook.
Facebook (NASDAQ: FB) last released quarterly earnings data on Wednesday, January 27th. The social network posted earnings of $ 3.88 per share for the quarter, up $ 0.64 above the Zacks consensus of $ 3.24. Facebook had a return on equity of 23.27% and a net margin of 32.00%. The company’s revenue for the quarter was $ 28.10 million, compared with a consensus estimate of $ 26.43 billion. In the same quarter last year, the company posted earnings of $ 2.56 per share. The company’s revenue grew 33.2% over the same quarter last year.
Several research firms have recently spoken out about FB. Evercore ISI in its research report on Tuesday affirmed its “outperforming” rating and set a target price for Facebook shares of $ 370.00. The UBS Group raised its Facebook price target from $ 330 to $ 350 and gave the company a buy rating in its research report on Thursday, January 28. KeyCorp raised its Facebook price target from $ 345 to $ 360 and gave the stock an “overweight” rating in a report on Thursday, January 28. Deutsche Bank Aktiengesellschaft raised its Facebook price target from $ 355 to $ 385 and gave the company a Buy rating in its report on Monday, March 29th. Finally, Raymond James raised his Facebook price target from $ 320 to $ 360 and gave the stock a “strong buy” rating in a policy note on Thursday, January 28th. One analyst gave the stock a sell rating, five a retention rating, thirty-seven a buy rating, and one gave the stock a strong buy rating. Facebook currently has an average Buy rating and an agreed price target of $ 327.15.
FB shares opened on Thursday at $ 313.09. Facebook’s annual low is $ 167.74 and the annual high is $ 314.25. The company has a market cap of $ 891.58 billion, a P / E ratio of 35.66, a P / E / G ratio of 1.29, and a beta of 1.18. The 50-day simple moving average is $ 275.55 and the 200-day simple moving average is $ 271.28.
In other news, CFO David M. Wehner sold 678 shares of the company in a deal closed on Friday, March 19. The shares were sold at an average price of US $ 289.99 for a total deal value of US $ 196,613.22. Following the completion of the sale, the CFO now owns 34,425 shares of the company for approximately $ 9,982,905.75. The deal was disclosed in legal filing with the Securities and Exchange Commission, which is available on the SEC’s website. In addition, CEO Mark Zuckerberg sold 8,000 shares in the deal that happened on Monday, April 5th. The shares were sold at an average price of US $ 307.20 for a total transaction amount of US $ 2,457,600. Disclosures about this sale can be found here. Insiders sold 1,436,094 shares of the company for $ 390,590,898 in the last quarter. Insiders of the company owns 14.14% of the company’s shares.
Hedge funds have recently bought and sold shares in the company. Norges Bank acquired a new stake in Facebook in the 4th quarter for $ 8,021,574,000. Morgan Stanley increased its stake in Facebook by 44.5% in the fourth quarter. Morgan Stanley now owns 30,382,192 shares in the social network, valued at $ 8,299,199,000, following the purchase of an additional 9,362,408 shares in the last quarter. Itau Unibanco Holding SA increased its stake in Facebook by 1,791.4% in the fourth quarter. Itau Unibanco Holding SA now owns 7,405,858 shares in the social network, valued at $ 18,849,000, following the purchase of an additional 7,014,302 shares in the last quarter. Cibc World Markets Corp increased its Facebook holdings by 357.0% during the 4th quarter. Cibc World Markets Corp now owns 4,219,334 shares of the social network, valued at $ 1,152,553,000, following the purchase of an additional 3,296,086 shares in the last quarter. Finally, in the 4th quarter, D1 Capital Partners LP increased its stake in Facebook by 64.4%. D1 Capital Partners LP now owns 3,642,789 shares in the social network for $ 995,064,000 after acquiring an additional 1,427,000 shares in the last quarter. 64.95% of the shares are currently held by hedge funds and other institutional investors.
Facebook, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and home devices around the world. The company’s products include Facebook, which allows people to connect, share information, discover and communicate with each other on mobile devices and personal computers; Instagram – a community for sharing photos, videos and private messages; Messenger, a messaging app that allows people to connect with friends, family, groups and businesses across platforms and devices; and WhatsApp, the messaging app that people and businesses use to communicate in person.
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