Facebook, Inc. (NASDAQ:FB) Expected to Announce Earnings of $2.51 Per Share

Analysts expect Facebook, Inc. (NASDAQ:FB) to post $2.51 earnings per share for the current fiscal quarter, Zacks reports. Twelve analysts have issued estimates for Facebook’s earnings, with the highest EPS estimate coming in at $2.65 and the lowest estimate coming in at $2.28. Facebook posted earnings per share of $2.38 during the same quarter last year, which indicates a positive year-over-year growth rate of 5.5%. The business is scheduled to announce its next earnings results on Wednesday, January 29th.

On average, analysts expect that Facebook will report full-year earnings of $6.35 per share for the current financial year, with EPS estimates ranging from $5.94 to $6.53. For the next financial year, analysts forecast that the company will post earnings of $9.09 per share, with EPS estimates ranging from $7.84 to $11.11. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Facebook.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, October 30th. The social networking company reported $2.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.91 by $0.21. Facebook had a net margin of 27.08% and a return on equity of 20.39%. The business had revenue of $17.65 billion during the quarter, compared to analyst estimates of $17.35 billion. During the same quarter last year, the business earned $1.76 earnings per share. Facebook’s quarterly revenue was up 28.6% compared to the same quarter last year.

FB has been the subject of several research reports. ValuEngine lowered shares of Facebook from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Guggenheim reiterated a “hold” rating on shares of Facebook in a research report on Tuesday, September 10th. Barclays lowered their price objective on shares of Facebook from $240.00 to $220.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Susquehanna Bancshares increased their price objective on shares of Facebook from $225.00 to $245.00 and gave the company a “positive” rating in a research report on Thursday, July 25th. Finally, Monness Crespi & Hardt increased their price objective on shares of Facebook from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and forty-one have given a buy rating to the company’s stock. Facebook currently has an average rating of “Buy” and a consensus price target of $228.33.

In other Facebook news, Director Peter Thiel sold 22,246 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $182.00, for a total transaction of $4,048,772.00. Following the transaction, the director now owns 9,948 shares of the company’s stock, valued at approximately $1,810,536. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Susan J.S. Taylor sold 1,134 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $185.45, for a total transaction of $210,300.30. Following the transaction, the chief accounting officer now directly owns 1,037 shares in the company, valued at approximately $192,311.65. The disclosure for this sale can be found here. Insiders have sold a total of 4,373,541 shares of company stock valued at $811,538,392 in the last quarter. 14.53% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Boltwood Capital Management grew its holdings in Facebook by 1.0% during the 2nd quarter. Boltwood Capital Management now owns 6,758 shares of the social networking company’s stock worth $1,304,000 after acquiring an additional 65 shares during the period. Park National Corp OH grew its holdings in Facebook by 0.7% during the 2nd quarter. Park National Corp OH now owns 202,943 shares of the social networking company’s stock worth $39,168,000 after acquiring an additional 1,427 shares during the period. Private Trust Co. NA grew its holdings in Facebook by 2.1% during the 2nd quarter. Private Trust Co. NA now owns 19,146 shares of the social networking company’s stock worth $3,695,000 after acquiring an additional 387 shares during the period. Baystate Wealth Management LLC grew its holdings in Facebook by 19.8% during the 2nd quarter. Baystate Wealth Management LLC now owns 4,432 shares of the social networking company’s stock worth $855,000 after acquiring an additional 734 shares during the period. Finally, Private Asset Management Inc. acquired a new stake in Facebook during the 2nd quarter worth about $212,000. 63.17% of the stock is currently owned by institutional investors and hedge funds.

FB stock opened at $195.10 on Wednesday. Facebook has a 52 week low of $123.02 and a 52 week high of $208.66. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.09. The company has a fifty day simple moving average of $186.12 and a two-hundred day simple moving average of $187.50. The firm has a market capitalization of $550.93 billion, a P/E ratio of 30.86, a price-to-earnings-growth ratio of 1.09 and a beta of 1.05.

Facebook Company Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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Earnings History and Estimates for Facebook (NASDAQ:FB)

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