Facebook (FB) to Release Quarterly Earnings on Tuesday

Facebook (NASDAQ:FB) will announce its earnings results after the market closes on Tuesday, January 30th.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The firm had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $9.84 billion. During the same period in the prior year, the firm posted $1.09 earnings per share. The company’s quarterly revenue was up 47.3% on a year-over-year basis. On average, analysts expect Facebook to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Shares of Facebook (FB) opened at $185.37 on Tuesday. Facebook has a 12 month low of $126.95 and a 12 month high of $188.90. The company has a market capitalization of $538,650.00, a price-to-earnings ratio of 34.46, a PEG ratio of 1.03 and a beta of 0.68.

In other news, VP David B. Fischer sold 4,699 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $171.53, for a total value of $806,019.47. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael Todd Schroepfer sold 38,017 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $187.83, for a total value of $7,140,733.11. Following the completion of the transaction, the insider now directly owns 381,521 shares in the company, valued at approximately $71,661,089.43. The disclosure for this sale can be found here. In the last three months, insiders sold 4,164,699 shares of company stock worth $749,660,440. 17.23% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Mountain Capital Investment Advisors Inc purchased a new stake in shares of Facebook during the second quarter worth about $138,000. Odey Holdings AG grew its position in shares of Facebook by 5.4% during the second quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock worth $160,000 after purchasing an additional 54 shares in the last quarter. Almanack Investment Partners LLC. purchased a new stake in shares of Facebook during the second quarter worth about $165,000. Lenox Wealth Management Inc. grew its position in shares of Facebook by 9.4% during the second quarter. Lenox Wealth Management Inc. now owns 1,140 shares of the social networking company’s stock worth $172,000 after purchasing an additional 98 shares in the last quarter. Finally, Corbenic Partners LLC grew its position in shares of Facebook by 22.5% during the second quarter. Corbenic Partners LLC now owns 1,225 shares of the social networking company’s stock worth $185,000 after purchasing an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 57.76% of the company’s stock.

FB has been the topic of a number of recent research reports. Goldman Sachs Group set a $205.00 target price on Facebook and gave the stock a “buy” rating in a research note on Friday, October 20th. Morgan Stanley set a $200.00 target price on Facebook and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Needham & Company LLC increased their target price on Facebook from $185.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Wedbush set a $225.00 target price on Facebook and gave the stock a “buy” rating in a research note on Monday, October 30th. Finally, Vetr raised Facebook from a “buy” rating to a “strong-buy” rating and set a $202.09 target price on the stock in a research note on Tuesday, December 19th. Two analysts have rated the stock with a sell rating, three have given a hold rating, forty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $202.86.

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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.

Earnings History for Facebook (NASDAQ:FB)

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