FY2027 EPS Forecast for Meta Platforms Lifted by Analyst

Meta Platforms, Inc. (NASDAQ:METAFree Report) – Stock analysts at Erste Group Bank lifted their FY2027 earnings per share estimates for Meta Platforms in a research note issued to investors on Tuesday, March 24th. Erste Group Bank analyst H. Engel now expects that the social networking company will earn $34.33 per share for the year, up from their prior forecast of $34.20. Erste Group Bank currently has a “Buy” rating on the stock. The consensus estimate for Meta Platforms’ current full-year earnings is $26.70 per share.

Meta Platforms (NASDAQ:METAGet Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The social networking company reported $8.88 earnings per share for the quarter, beating the consensus estimate of $8.16 by $0.72. Meta Platforms had a return on equity of 38.61% and a net margin of 30.08%.The company had revenue of $59.89 billion during the quarter, compared to analysts’ expectations of $58.33 billion. During the same period last year, the business earned $8.02 earnings per share. Meta Platforms’s quarterly revenue was up 23.8% on a year-over-year basis.

Several other equities analysts have also recently issued reports on the stock. Truist Financial boosted their target price on shares of Meta Platforms from $875.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Piper Sandler raised their price target on shares of Meta Platforms from $840.00 to $880.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Rothschild & Co Redburn set a $900.00 price objective on shares of Meta Platforms in a report on Monday, January 26th. Barclays reiterated an “overweight” rating and issued a $800.00 price objective (up from $770.00) on shares of Meta Platforms in a research report on Thursday, January 29th. Finally, TD Cowen restated a “buy” rating on shares of Meta Platforms in a research report on Tuesday, January 13th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $846.63.

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Meta Platforms Price Performance

Shares of NASDAQ META opened at $594.89 on Thursday. The stock has a market capitalization of $1.50 trillion, a price-to-earnings ratio of 25.31, a PEG ratio of 0.92 and a beta of 1.30. Meta Platforms has a 12 month low of $479.80 and a 12 month high of $796.25. The firm’s 50 day simple moving average is $647.29 and its 200-day simple moving average is $669.74. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.60 and a quick ratio of 2.60.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Monday, March 16th will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.4%. Meta Platforms’s dividend payout ratio is presently 8.94%.

Insider Activity

In other news, Director Robert M. Kimmitt sold 580 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $632.02, for a total transaction of $366,571.60. Following the transaction, the director directly owned 4,427 shares in the company, valued at $2,797,952.54. The trade was a 11.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Susan J. Li sold 56,571 shares of the stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $644.70, for a total value of $36,471,323.70. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 162,484 shares of company stock worth $104,015,906 over the last three months. Insiders own 13.61% of the company’s stock.

Institutional Trading of Meta Platforms

Large investors have recently added to or reduced their stakes in the stock. Trust Co of the South grew its holdings in shares of Meta Platforms by 0.8% in the third quarter. Trust Co of the South now owns 1,850 shares of the social networking company’s stock valued at $1,359,000 after purchasing an additional 14 shares during the period. Sentinel Pension Advisors LLC increased its position in Meta Platforms by 1.6% during the third quarter. Sentinel Pension Advisors LLC now owns 915 shares of the social networking company’s stock worth $672,000 after purchasing an additional 14 shares during the last quarter. Alpine Bank Wealth Management raised its stake in Meta Platforms by 0.3% during the third quarter. Alpine Bank Wealth Management now owns 4,301 shares of the social networking company’s stock worth $3,159,000 after purchasing an additional 14 shares during the period. Valued Wealth Advisors LLC raised its stake in Meta Platforms by 3.2% during the third quarter. Valued Wealth Advisors LLC now owns 454 shares of the social networking company’s stock worth $334,000 after purchasing an additional 14 shares during the period. Finally, First National Bank Sioux Falls boosted its holdings in Meta Platforms by 0.7% in the 4th quarter. First National Bank Sioux Falls now owns 2,001 shares of the social networking company’s stock valued at $1,321,000 after purchasing an additional 14 shares during the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Meta Platforms

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About Meta Platforms

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Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

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Earnings History and Estimates for Meta Platforms (NASDAQ:META)

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