Facebook, Inc. (FB) Expected to Post FY2020 Earnings of $7.45 Per Share

Facebook, Inc. (NASDAQ:FB) – Equities researchers at SunTrust Banks cut their FY2020 earnings per share estimates for Facebook in a research note issued to investors on Wednesday, October 31st. SunTrust Banks analyst Y. Squali now anticipates that the social networking company will post earnings per share of $7.45 for the year, down from their previous estimate of $8.52. SunTrust Banks currently has a “Buy” rating and a $200.00 target price on the stock.

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

A number of other equities analysts have also commented on FB. Raymond James lowered shares of Facebook from a “strong-buy” rating to an “outperform” rating and set a $210.00 price objective for the company. in a research report on Thursday, July 26th. Royal Bank of Canada restated a “buy” rating and issued a $195.00 price objective on shares of Facebook in a research report on Monday, September 3rd. Stifel Nicolaus restated a “buy” rating and issued a $202.00 price objective on shares of Facebook in a research report on Thursday, August 23rd. JPMorgan Chase & Co. raised their price objective on shares of Facebook from $195.00 to $205.00 and gave the company an “overweight” rating in a research report on Tuesday, September 18th. Finally, MKM Partners cut their price objective on shares of Facebook to $230.00 and set a “buy” rating for the company in a research report on Thursday, August 2nd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $194.54.

FB opened at $150.35 on Friday. The stock has a market capitalization of $436.77 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 0.92 and a beta of 0.55. Facebook has a twelve month low of $139.03 and a twelve month high of $218.62.

In other news, CEO Mark Zuckerberg sold 602,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $176.67, for a total value of $106,355,340.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Colin Stretch sold 750 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $184.98, for a total transaction of $138,735.00. Following the completion of the sale, the vice president now owns 86,365 shares of the company’s stock, valued at $15,975,797.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,416,282 shares of company stock valued at $603,782,983. Company insiders own 17.23% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Marble Arch Investments LP increased its stake in shares of Facebook by 40.8% in the first quarter. Marble Arch Investments LP now owns 451,900 shares of the social networking company’s stock worth $72,209,000 after buying an additional 130,900 shares during the period. Knott David M purchased a new position in shares of Facebook in the first quarter worth $3,196,000. Immersion Capital LLP purchased a new position in shares of Facebook in the first quarter worth $65,194,000. Natixis increased its stake in shares of Facebook by 420.1% in the first quarter. Natixis now owns 789,988 shares of the social networking company’s stock worth $126,232,000 after buying an additional 638,106 shares during the period. Finally, City Financial Investment Co Ltd purchased a new position in shares of Facebook in the first quarter worth $15,979,000. Hedge funds and other institutional investors own 60.30% 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. 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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