Facebook (NASDAQ:FB) announced its quarterly earnings results on Thursday. The social networking company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.36, MarketWatch Earnings reports. Facebook had a net margin of 31.29% and a return on equity of 23.49%. The firm had revenue of $18.69 billion during the quarter, compared to the consensus estimate of $17.29 billion.
FB traded up $19.17 during trading on Friday, reaching $253.67. The company had a trading volume of 53,030,037 shares, compared to its average volume of 19,530,204. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.60 and a quick ratio of 4.60. Facebook has a 12 month low of $137.10 and a 12 month high of $255.85. The business’s fifty day moving average price is $235.27 and its 200 day moving average price is $207.59. The company has a market cap of $722.73 billion, a P/E ratio of 30.97, a PEG ratio of 1.81 and a beta of 1.19.
In other Facebook news, VP Jennifer Newstead sold 194 shares of Facebook stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $207.43, for a total value of $40,241.42. Following the transaction, the vice president now owns 406 shares of the company’s stock, valued at $84,216.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO David B. Fischer sold 22,000 shares of Facebook stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $205.29, for a total transaction of $4,516,380.00. Following the completion of the transaction, the executive now directly owns 57,503 shares in the company, valued at approximately $11,804,790.87. The disclosure for this sale can be found here. In the last ninety days, insiders sold 68,591 shares of company stock worth $14,894,825. Insiders own 14.14% of the company’s stock.
Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.
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