Analysts expect Facebook Inc (NASDAQ:FB) to post sales of $12.56 billion for the current fiscal quarter, according to Zacks. Twelve analysts have issued estimates for Facebook’s earnings. The lowest sales estimate is $12.15 billion and the highest is $12.91 billion. Facebook posted sales of $8.81 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 42.6%. The firm is expected to issue its next quarterly earnings results after the market closes on Wednesday, January 31st.
According to Zacks, analysts expect that Facebook will report full year sales of $12.56 billion for the current year, with estimates ranging from $39.00 billion to $40.59 billion. For the next financial year, analysts expect that the company will post sales of $54.20 billion per share, with estimates ranging from $52.79 billion to $56.31 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Facebook.
Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.31. The firm had revenue of $10.33 billion during the quarter, compared to analyst estimates of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The business’s revenue for the quarter was up 47.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.09 EPS.
Facebook (NASDAQ:FB) traded up $1.17 on Friday, hitting $180.97. 13,800,000 shares of the stock were exchanged, compared to its average volume of 18,350,000. The stock has a market cap of $525,860.00, a price-to-earnings ratio of 33.64, a P/E/G ratio of 1.00 and a beta of 0.68. Facebook has a 12-month low of $126.78 and a 12-month high of $188.90.
In related news, CEO Mark Zuckerberg sold 238,715 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $178.03, for a total transaction of $42,498,431.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Colin Stretch sold 750 shares of the business’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $172.43, for a total transaction of $129,322.50. Following the transaction, the vice president now owns 89,916 shares in the company, valued at approximately $15,504,215.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,181,449 shares of company stock valued at $752,592,962. Insiders own 17.23% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Country Trust Bank grew its holdings in Facebook by 550.6% in the fourth quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock worth $100,000 after purchasing an additional 479 shares during the period. Moisand Fitzgerald Tamayo LLC purchased a new stake in Facebook in the third quarter worth about $111,000. D. Scott Neal Inc. grew its holdings in Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after purchasing an additional 679 shares during the period. Liberty Capital Management Inc. purchased a new stake in Facebook in the fourth quarter worth about $157,000. Finally, Stelac Advisory Services LLC purchased a new stake in Facebook in the third quarter worth about $152,000. Institutional investors own 57.75% of the company’s stock.
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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.
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