Snap (SNAP) Scheduled to Post Quarterly Earnings on Tuesday
Snap (NYSE:SNAP) will be issuing its quarterly earnings data after the market closes on Tuesday, October 22nd. Analysts expect the company to announce earnings of ($0.18) per share for the quarter. Snap has set its Q3 2019 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.
Snap (NYSE:SNAP) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.02. The business had revenue of $388.02 million during the quarter, compared to analyst estimates of $358.16 million. Snap had a negative net margin of 77.54% and a negative return on equity of 46.46%. The firm’s quarterly revenue was up 48.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.14) EPS. On average, analysts expect Snap to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of NYSE SNAP opened at $13.52 on Friday. The company has a 50 day simple moving average of $15.51 and a 200 day simple moving average of $14.14. The firm has a market cap of $19.01 billion, a PE ratio of -13.94 and a beta of 1.11. Snap has a 1 year low of $4.82 and a 1 year high of $18.36. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.53 and a quick ratio of 4.53.
In other news, CFO Derek Andersen sold 8,667 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $13.87, for a total transaction of $120,211.29. Following the completion of the sale, the chief financial officer now owns 1,385,934 shares of the company’s stock, valued at approximately $19,222,904.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Jerry James Hunter sold 117,782 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $16.10, for a total transaction of $1,896,290.20. Following the sale, the vice president now directly owns 1,614,425 shares of the company’s stock, valued at approximately $25,992,242.50. The disclosure for this sale can be found here. Insiders have sold a total of 5,075,045 shares of company stock valued at $86,802,372 in the last three months.
Snap Inc operates as a camera company in the United States and internationally. The company offers Snapchat, a camera application that helps people to communicate through short videos and images. It also provides Camera, a tool to personalize and add context to Snaps; Friends Page that allows creating and watching stories, chatting with groups, making voice and video calls, and communicating through a range of contextual stickers and Bitmojis; and Discover that helps surfacing the stories and shows from publishers, creators, and the community, based on a user's subscriptions and interests.
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