$2.51 EPS Expected for Facebook, Inc. (NASDAQ:FB) This Quarter

Wall Street brokerages expect Facebook, Inc. (NASDAQ:FB) to report earnings per share of $2.51 for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have made estimates for Facebook’s earnings, with estimates ranging from $2.28 to $2.65. Facebook reported earnings per share of $2.38 in the same quarter last year, which would indicate a positive year over year growth rate of 5.5%. The business is expected to issue its next quarterly earnings report after the market closes on Wednesday, January 29th.

According to Zacks, analysts expect that Facebook will report full-year earnings of $6.39 per share for the current year, with EPS estimates ranging from $5.94 to $6.53. For the next financial year, analysts anticipate that the company will report earnings of $9.16 per share, with EPS estimates ranging from $7.92 to $11.11. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Facebook.

Facebook (NASDAQ:FB) last posted its quarterly earnings results 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. The business had revenue of $17.65 billion during the quarter, compared to analyst estimates of $17.35 billion. Facebook had a net margin of 27.08% and a return on equity of 20.39%. The company’s quarterly revenue was up 28.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.76 EPS.

A number of research firms have issued reports on FB. Evercore ISI reissued a “positive” rating and set a $280.00 target price on shares of Facebook in a research note on Monday, January 13th. They noted that the move was a valuation call. Piper Jaffray Companies began coverage on shares of Facebook in a research note on Tuesday, December 3rd. They set an “overweight” rating and a $230.00 target price for the company. Credit Suisse Group boosted their target price on shares of Facebook from $270.00 to $274.00 and gave the company an “outperform” rating in a research note on Friday. Royal Bank of Canada boosted their target price on shares of Facebook from $260.00 to $270.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, Nomura boosted their target price on shares of Facebook from $235.00 to $253.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a sell rating, three have given a hold rating, forty-six have issued a buy rating and one has issued a strong buy rating to the company. Facebook presently has an average rating of “Buy” and an average target price of $240.75.

Facebook stock traded down $1.81 during midday trading on Tuesday, reaching $217.95. 11,621,951 shares of the stock traded hands, compared to its average volume of 11,158,482. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.09. The firm has a fifty day moving average price of $209.08 and a two-hundred day moving average price of $194.79. The firm has a market cap of $621.24 billion, a price-to-earnings ratio of 34.82, a PEG ratio of 1.17 and a beta of 1.05. Facebook has a fifty-two week low of $142.52 and a fifty-two week high of $222.38.

In other news, VP Jennifer Newstead sold 260 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $222.28, for a total transaction of $57,792.80. Following the sale, the vice president now owns 786 shares in the company, valued at $174,712.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO David B. Fischer sold 11,638 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $202.00, for a total transaction of $2,350,876.00. The disclosure for this sale can be found here. Insiders sold a total of 789,360 shares of company stock worth $151,245,323 over the last quarter. Insiders own 14.53% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Financial Advantage Inc. acquired a new stake in shares of Facebook during the third quarter valued at approximately $28,000. American National Bank acquired a new stake in shares of Facebook during the fourth quarter valued at approximately $41,000. Winthrop Partners WNY LLC acquired a new stake in shares of Facebook during the third quarter valued at approximately $58,000. AlphaMark Advisors LLC raised its holdings in shares of Facebook by 20.8% during the third quarter. AlphaMark Advisors LLC now owns 465 shares of the social networking company’s stock valued at $83,000 after acquiring an additional 80 shares during the period. Finally, Personal Wealth Partners raised its holdings in shares of Facebook by 12.9% during the third quarter. Personal Wealth Partners now owns 481 shares of the social networking company’s stock valued at $86,000 after acquiring an additional 55 shares during the period. Institutional investors and hedge funds own 63.86% of the company’s stock.

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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