Facebook (NASDAQ:FB) Earning Somewhat Favorable News Coverage, Analysis Shows
Media headlines about Facebook (NASDAQ:FB) have trended somewhat positive on Wednesday, according to Accern. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Facebook earned a news impact score of 0.18 on Accern’s scale. Accern also gave media stories about the social networking company an impact score of 44.9702181890484 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Facebook, Inc. (NASDAQ:FB) Insider Christopher K. Cox Sells 16,000 Shares (americanbankingnews.com)
- Facebook to launch redesign of video tab, called ‘Watch’ (feeds.reuters.com)
- Facebook, Inc. (NASDAQ:FB) Closed 7.7% Above Its 50 Day Moving Average – Modern Readers (modernreaders.com)
- Facebook Inc (NASDAQ:FB) Changes Terms On ‘Accidental Clicks’ – Live Trading News (livetradingnews.com)
- Facebook Inc (FB) Is Killing Its Dedicated Groups App – StockNews.com (blog) (stocknews.com)
Facebook (NASDAQ FB) traded down 0.03% during mid-day trading on Wednesday, hitting $171.18. The stock had a trading volume of 10,811,667 shares. Facebook has a 12 month low of $113.55 and a 12 month high of $175.49. The company has a market cap of $497.14 billion, a price-to-earnings ratio of 38.31 and a beta of 0.70. The firm’s 50-day moving average is $157.40 and its 200 day moving average is $145.43.
Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, July 26th. The social networking company reported $1.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.19. The firm had revenue of $9.32 billion for the quarter, compared to the consensus estimate of $9.19 billion. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The company’s quarterly revenue was up 44.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.97 earnings per share. Equities analysts anticipate that Facebook will post $5.33 EPS for the current fiscal year.
FB has been the subject of several research reports. UBS AG reissued a “buy” rating and issued a $165.00 price objective on shares of Facebook in a research report on Wednesday, April 19th. Jefferies Group LLC reissued a “buy” rating and issued a $175.00 price objective on shares of Facebook in a research report on Wednesday, April 19th. Aegis increased their price objective on Facebook from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, April 17th. Instinet reissued a “buy” rating and issued a $165.00 price objective on shares of Facebook in a research report on Saturday, April 22nd. Finally, Loop Capital reissued a “buy” rating and issued a $175.00 price objective on shares of Facebook in a research report on Monday, April 24th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, forty-two have issued a buy rating and three have given a strong buy rating to the company’s stock. Facebook presently has an average rating of “Buy” and an average target price of $180.91.
In related news, Director Jan Koum sold 594,246 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $149.73, for a total transaction of $88,976,453.58. The sale was disclosed in a 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, May 16th. The shares were sold at an average price of $150.10, for a total value of $112,575.00. Following the transaction, the vice president now owns 86,761 shares in the company, valued at approximately $13,022,826.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,183,113 shares of company stock worth $1,607,154,643. Company insiders own 19.08% of the company’s stock.
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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