Zacks: Brokerages Expect Facebook, Inc. (FB) Will Announce Earnings of $1.13 Per Share

Analysts forecast that Facebook, Inc. (NASDAQ:FB) will report earnings of $1.13 per share for the current quarter, according to Zacks. Eleven analysts have issued estimates for Facebook’s earnings, with estimates ranging from $1.01 to $1.20. Facebook reported earnings of $0.76 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 48.7%. The company is expected to announce its next earnings results on Wednesday, July 26th.

According to Zacks, analysts expect that Facebook will report full year earnings of $4.89 per share for the current financial year, with EPS estimates ranging from $4.46 to $5.27. For the next fiscal year, analysts expect that the business will post earnings of $5.99 per share, with EPS estimates ranging from $5.26 to $6.86. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Facebook.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, May 3rd. The social networking company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.16. Facebook had a return on equity of 20.27% and a net margin of 36.45%. The firm had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.83 billion. During the same quarter in the prior year, the company earned $0.77 EPS. Facebook’s revenue was up 49.2% on a year-over-year basis.

Several equities research analysts recently issued reports on the stock. Robert W. Baird reaffirmed an “outperform” rating on shares of Facebook in a research note on Tuesday, March 7th. Wells Fargo & Co reaffirmed an “overweight” rating on shares of Facebook in a research note on Wednesday, April 19th. J P Morgan Chase & Co lifted their price objective on shares of Facebook from $170.00 to $182.00 and gave the company an “overweight” rating in a research note on Thursday, May 4th. Aegis reaffirmed a “buy” rating on shares of Facebook in a research note on Monday, May 22nd. Finally, Instinet reaffirmed a “buy” rating on shares of Facebook in a research note on Saturday, March 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty have issued a buy rating and three have issued a strong buy rating to the stock. Facebook has a consensus rating of “Buy” and a consensus price target of $164.40.

In related news, insider Michael Todd Schroepfer sold 37,945 shares of the company’s stock in a transaction that occurred on Tuesday, April 11th. The shares were sold at an average price of $139.79, for a total value of $5,304,331.55. Following the transaction, the insider now directly owns 676,380 shares in the company, valued at $94,551,160.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jan Koum sold 3,200,000 shares of the company’s stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $150.27, for a total transaction of $480,864,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,569,744 shares of company stock worth $973,945,236. Insiders own 19.08% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. First Financial Corp IN boosted its position in Facebook by 0.5% in the first quarter. First Financial Corp IN now owns 2,436 shares of the social networking company’s stock valued at $346,000 after buying an additional 11 shares during the period. Enterprise Financial Services Corp boosted its position in Facebook by 1.0% in the first quarter. Enterprise Financial Services Corp now owns 2,124 shares of the social networking company’s stock valued at $302,000 after buying an additional 21 shares during the period. Barrington Strategic Wealth Management Group LLC boosted its position in Facebook by 1.3% in the fourth quarter. Barrington Strategic Wealth Management Group LLC now owns 2,015 shares of the social networking company’s stock valued at $232,000 after buying an additional 25 shares during the period. Lee Danner & Bass Inc. boosted its position in Facebook by 1.5% in the first quarter. Lee Danner & Bass Inc. now owns 1,935 shares of the social networking company’s stock valued at $275,000 after buying an additional 28 shares during the period. Finally, Cordasco Financial Network boosted its position in Facebook by 1.5% in the first quarter. Cordasco Financial Network now owns 2,029 shares of the social networking company’s stock valued at $288,000 after buying an additional 29 shares during the period. Institutional investors own 57.66% of the company’s stock.

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Facebook (FB) traded up 0.17% during midday trading on Tuesday, reaching $153.13. The company had a trading volume of 7,636,469 shares. Facebook has a 52-week low of $108.23 and a 52-week high of $155.59. The company’s 50 day moving average is $150.77 and its 200-day moving average is $137.08. The company has a market capitalization of $443.80 billion, a P/E ratio of 38.93 and a beta of 0.66.

Facebook Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:FB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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