Wall Street analysts expect Facebook Inc (NASDAQ:FB) to announce $12.56 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have issued estimates for Facebook’s earnings, with estimates ranging from $12.15 billion to $12.91 billion. Facebook reported sales of $8.81 billion during the same quarter last year, which would suggest a positive year over year growth rate of 42.6%. The firm is expected to issue its next quarterly earnings report after the market closes on Wednesday, January 31st.

On average, analysts expect that Facebook will report full year sales of $12.56 billion for the current fiscal year, with estimates ranging from $39.00 billion to $40.59 billion. For the next fiscal year, analysts forecast that the firm will post sales of $54.20 billion per share, with estimates ranging from $52.79 billion to $56.31 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Facebook.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.31. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The company had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $9.84 billion. During the same quarter in the prior year, the firm earned $1.09 earnings per share. The firm’s revenue for the quarter was up 47.3% compared to the same quarter last year.

Several research analysts have weighed in on the stock. BidaskClub downgraded shares of Facebook from a “strong-buy” rating to a “buy” rating in a research report on Friday. Morningstar set a $163.00 price target on shares of Facebook and gave the stock a “neutral” rating in a research report on Friday. Citigroup reiterated a “buy” rating and issued a $200.00 price target on shares of Facebook in a research report on Wednesday, September 27th. UBS Group set a $215.00 price target on shares of Facebook and gave the stock a “buy” rating in a research report on Thursday, January 11th. Finally, Cowen reiterated an “average” rating and issued a $200.00 price target (up from $195.00) on shares of Facebook in a research report on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-three have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $202.86.

Facebook (NASDAQ FB) traded up $1.17 on Friday, reaching $180.97. 13,800,000 shares of the company’s stock traded hands, compared to its average volume of 18,350,000. Facebook has a fifty-two week low of $126.78 and a fifty-two week high of $188.90. The company has a market capitalization of $525,860.00, a P/E ratio of 33.64, a PEG ratio of 1.00 and a beta of 0.68.

In other Facebook news, CEO Mark Zuckerberg sold 238,715 shares of Facebook stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $178.03, for a total value of $42,498,431.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Todd Schroepfer sold 38,017 shares of Facebook stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $187.83, for a total transaction of $7,140,733.11. Following the completion of the transaction, the insider now directly owns 381,521 shares of the company’s stock, valued at $71,661,089.43. The disclosure for this sale can be found here. Insiders have sold 4,181,449 shares of company stock valued at $752,592,962 over the last ninety days. 17.23% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of the business. Country Trust Bank lifted its holdings in shares of Facebook by 550.6% in the 4th quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock worth $100,000 after acquiring an additional 479 shares during the last quarter. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Facebook in the 3rd quarter worth about $111,000. D. Scott Neal Inc. lifted its holdings in shares of Facebook by 1,358.0% in the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after acquiring an additional 679 shares during the last quarter. Liberty Capital Management Inc. bought a new stake in shares of Facebook in the 4th quarter worth about $157,000. Finally, Stelac Advisory Services LLC bought a new stake in shares of Facebook in the 3rd quarter worth about $152,000. 57.75% of the stock is owned by institutional investors and hedge funds.

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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.

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