Facebook, Inc. (FB) Expected to Announce Earnings of $2.17 Per Share

Brokerages predict that Facebook, Inc. (NASDAQ:FB) will announce $2.17 earnings per share for the current quarter, according to Zacks. Fourteen analysts have issued estimates for Facebook’s earnings, with estimates ranging from $2.05 to $2.32. Facebook reported earnings of $2.20 per share during the same quarter last year, which would indicate a negative year over year growth rate of 1.4%. The company is expected to issue its next earnings results on Wednesday, January 30th.

According to Zacks, analysts expect that Facebook will report full year earnings of $7.37 per share for the current fiscal year, with EPS estimates ranging from $7.25 to $7.52. For the next year, analysts expect that the firm will post earnings of $7.32 per share, with EPS estimates ranging from $6.63 to $8.65. Zacks’ EPS calculations are an average based on a survey of analysts that cover Facebook.

Facebook (NASDAQ:FB) last released its quarterly earnings results on Tuesday, October 30th. The social networking company reported $1.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.30. Facebook had a return on equity of 27.89% and a net margin of 37.57%. The company had revenue of $13.73 billion during the quarter, compared to analysts’ expectations of $13.82 billion. During the same period in the previous year, the firm posted $1.59 earnings per share. The business’s revenue for the quarter was up 32.9% compared to the same quarter last year.

A number of equities research analysts have recently commented on the company. Zacks Investment Research raised Facebook from a “sell” rating to a “hold” rating in a research report on Wednesday, October 17th. Guggenheim assumed coverage on Facebook in a research report on Thursday. They issued a “neutral” rating and a $150.00 price objective for the company. BidaskClub downgraded Facebook from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 21st. DZ Bank reaffirmed a “neutral” rating on shares of Facebook in a research report on Monday, November 26th. Finally, KeyCorp lowered their price objective on Facebook from $215.00 to $195.00 and set an “overweight” rating for the company in a research report on Wednesday, October 31st. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Facebook presently has an average rating of “Buy” and an average target price of $191.80.

In other news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $163.25, for a total value of $122,437.50. Following the completion of the sale, the vice president now owns 96,144 shares of the company’s stock, valued at $15,695,508. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Susan J.S. Taylor sold 2,112 shares of the company’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $137.50, for a total value of $290,400.00. Following the completion of the sale, the insider now directly owns 6,927 shares of the company’s stock, valued at approximately $952,462.50. The disclosure for this sale can be found here. Insiders sold 518,103 shares of company stock valued at $79,159,534 in the last ninety days. Company insiders own 17.23% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Rehmann Capital Advisory Group raised its stake in Facebook by 5.1% during the third quarter. Rehmann Capital Advisory Group now owns 10,785 shares of the social networking company’s stock valued at $1,774,000 after buying an additional 524 shares in the last quarter. Matthew Goff Investment Advisor LLC acquired a new stake in Facebook during the third quarter valued at approximately $402,000. Burleson & Company LLC raised its stake in Facebook by 355.4% during the third quarter. Burleson & Company LLC now owns 27,294 shares of the social networking company’s stock valued at $3,591,000 after buying an additional 21,301 shares in the last quarter. HM Payson & Co. raised its stake in Facebook by 4.8% during the third quarter. HM Payson & Co. now owns 21,833 shares of the social networking company’s stock valued at $3,590,000 after buying an additional 992 shares in the last quarter. Finally, Clearbridge Investments LLC raised its stake in Facebook by 20.4% during the third quarter. Clearbridge Investments LLC now owns 6,416,846 shares of the social networking company’s stock valued at $1,055,314,000 after buying an additional 1,087,553 shares in the last quarter. 58.42% of the stock is owned by institutional investors.

Shares of NASDAQ:FB opened at $137.42 on Wednesday. The firm has a market capitalization of $405.63 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 0.88 and a beta of 0.57. Facebook has a 52 week low of $126.85 and a 52 week high of $218.62.

Facebook Company Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

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Earnings History and Estimates for Facebook (NASDAQ:FB)

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