Facebook (FB) Scheduled to Post Earnings on Wednesday

Facebook (NASDAQ:FB) will announce its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $1.65 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, January 30th. The social networking company reported $2.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.18 by $0.20. The firm had revenue of $16.91 billion for the quarter, compared to analysts’ expectations of $16.40 billion. Facebook had a return on equity of 27.51% and a net margin of 39.60%. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.44 EPS. On average, analysts expect Facebook to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Shares of FB stock opened at $178.28 on Monday. The stock has a market capitalization of $517.90 billion, a P/E ratio of 23.55, a P/E/G ratio of 1.30 and a beta of 0.88. Facebook has a 52-week low of $123.02 and a 52-week high of $218.62.

In related news, CEO Mark Zuckerberg sold 108,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $179.13, for a total value of $19,346,040.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $179.60, for a total value of $134,700.00. Following the completion of the sale, the vice president now directly owns 100,872 shares in the company, valued at approximately $18,116,611.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,594,435 shares of company stock worth $277,936,313. 14.53% of the stock is owned by corporate insiders.

Several institutional investors have recently modified their holdings of the business. Geode Capital Management LLC lifted its stake in shares of Facebook by 7.5% during the 4th quarter. Geode Capital Management LLC now owns 31,772,199 shares of the social networking company’s stock worth $4,157,898,000 after purchasing an additional 2,203,076 shares during the period. Northern Trust Corp lifted its stake in shares of Facebook by 3.4% during the 4th quarter. Northern Trust Corp now owns 27,700,212 shares of the social networking company’s stock worth $3,631,220,000 after purchasing an additional 911,997 shares during the period. Legal & General Group Plc lifted its stake in shares of Facebook by 17.2% during the 4th quarter. Legal & General Group Plc now owns 11,924,972 shares of the social networking company’s stock worth $1,563,272,000 after purchasing an additional 1,748,456 shares during the period. Polen Capital Management LLC lifted its stake in shares of Facebook by 88.2% during the 4th quarter. Polen Capital Management LLC now owns 7,354,192 shares of the social networking company’s stock worth $964,061,000 after purchasing an additional 3,445,879 shares during the period. Finally, Canada Pension Plan Investment Board lifted its stake in shares of Facebook by 15.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 6,695,678 shares of the social networking company’s stock worth $877,663,000 after purchasing an additional 897,758 shares during the period. 60.22% of the stock is currently owned by institutional investors.

Several research firms have issued reports on FB. Zacks Investment Research upgraded Facebook from a “hold” rating to a “buy” rating and set a $149.00 target price on the stock in a research report on Wednesday, January 2nd. Goldman Sachs Group reiterated a “buy” rating and set a $195.00 target price on shares of Facebook in a research report on Wednesday, January 16th. Citigroup reiterated a “buy” rating and set a $185.00 target price (up previously from $175.00) on shares of Facebook in a research report on Thursday, January 31st. Wedbush dropped their target price on Facebook to $200.00 and set a “buy” rating on the stock in a research report on Monday, February 4th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and set a $195.00 target price on shares of Facebook in a research report on Tuesday, January 8th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirty-nine have issued a buy rating to the company’s stock. Facebook presently has a consensus rating of “Buy” and an average target price of $192.11.

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About Facebook

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 for Facebook (NASDAQ:FB)

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