Q2 2018 EPS Estimates for Facebook Inc Raised by William Blair (FB)

Facebook Inc (NASDAQ:FB) – Analysts at William Blair upped their Q2 2018 earnings per share (EPS) estimates for Facebook in a research note issued to investors on Wednesday, Zacks Investment Research reports. William Blair analyst R. Schackart now expects that the social networking company will post earnings of $1.41 per share for the quarter, up from their previous forecast of $1.38. William Blair also issued estimates for Facebook’s Q3 2018 earnings at $1.69 EPS, Q4 2018 earnings at $2.47 EPS, FY2018 earnings at $6.65 EPS and FY2019 earnings at $7.82 EPS.

Several other research analysts have also recently weighed in on FB. BidaskClub upgraded Facebook from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 10th. Vetr cut Facebook from a “strong-buy” rating to a “buy” rating and set a $209.00 price objective on the stock. in a research report on Tuesday, January 30th. Piper Jaffray Companies reiterated a “buy” rating and set a $210.00 price objective on shares of Facebook in a research report on Thursday, February 1st. Credit Suisse Group restated an “outperform” rating and issued a $240.00 price target (up previously from $232.00) on shares of Facebook in a research report on Thursday, February 1st. Finally, Canaccord Genuity restated a “buy” rating and issued a $240.00 price target (up previously from $230.00) on shares of Facebook in a research report on Thursday, February 1st. One analyst has rated the stock with a sell rating, three have given a hold rating, forty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $214.70.

Facebook (NASDAQ:FB) traded up $6.48 during mid-day trading on Monday, reaching $179.63. The company’s stock had a trading volume of 23,278,659 shares, compared to its average volume of 26,910,000. The company has a market cap of $521,450.00, a PE ratio of 33.33, a price-to-earnings-growth ratio of 0.92 and a beta of 0.58. Facebook has a 1 year low of $132.55 and a 1 year high of $195.32.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.24. Facebook had a return on equity of 26.49% and a net margin of 39.16%. The business had revenue of $12.97 billion during the quarter, compared to the consensus estimate of $12.58 billion.

Several institutional investors have recently bought and sold shares of the stock. Hartford Financial Management Inc. increased its holdings in Facebook by 1.1% in the second quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock worth $224,000 after purchasing an additional 16 shares in the last quarter. Regal Investment Advisors LLC increased its holdings in shares of Facebook by 0.3% during the second quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock valued at $876,000 after acquiring an additional 18 shares in the last quarter. Halbert Hargrove Russell LLC increased its holdings in shares of Facebook by 0.5% during the second quarter. Halbert Hargrove Russell LLC now owns 3,485 shares of the social networking company’s stock valued at $526,000 after acquiring an additional 19 shares in the last quarter. Dumont & Blake Investment Advisors LLC increased its holdings in shares of Facebook by 2.1% during the second quarter. Dumont & Blake Investment Advisors LLC now owns 1,470 shares of the social networking company’s stock valued at $222,000 after acquiring an additional 30 shares in the last quarter. Finally, Aspen Investment Management Inc increased its holdings in shares of Facebook by 0.4% during the second quarter. Aspen Investment Management Inc now owns 6,915 shares of the social networking company’s stock valued at $1,044,000 after acquiring an additional 30 shares in the last quarter. 57.67% of the stock is currently owned by institutional investors.

In related news, insider Christopher K. Cox sold 16,000 shares of Facebook stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $179.63, for a total value of $2,874,080.00. Following the transaction, the insider now directly owns 56,622 shares of the company’s stock, valued at $10,171,009.86. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP David B. Fischer sold 5,587 shares of Facebook stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $187.66, for a total value of $1,048,456.42. The disclosure for this sale can be found here. Insiders have sold 1,270,505 shares of company stock worth $229,088,067 over the last three months. Insiders own 17.23% of the company’s stock.

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About Facebook

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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Earnings History and Estimates for Facebook (NASDAQ:FB)

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