Meta Platforms (NASDAQ:META – Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, July 31st. Analysts expect Meta Platforms to post earnings of $4.66 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Meta Platforms Trading Up 0.0 %
Shares of Meta Platforms stock opened at $465.71 on Tuesday. Meta Platforms has a 52-week low of $274.38 and a 52-week high of $542.81. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.12. The company’s 50-day simple moving average is $493.14 and its 200-day simple moving average is $476.77. The firm has a market cap of $1.18 trillion, a price-to-earnings ratio of 26.75, a price-to-earnings-growth ratio of 1.20 and a beta of 1.21.
Meta Platforms Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Friday, June 14th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.43%. Meta Platforms’s dividend payout ratio (DPR) is 11.49%.
Insider Transactions at Meta Platforms
Analysts Set New Price Targets
META has been the topic of a number of research analyst reports. Needham & Company LLC reissued an “underperform” rating on shares of Meta Platforms in a report on Wednesday, July 24th. Barclays decreased their price objective on shares of Meta Platforms from $550.00 to $520.00 and set an “overweight” rating on the stock in a report on Thursday, April 25th. Wolfe Research initiated coverage on shares of Meta Platforms in a report on Tuesday, July 16th. They set an “outperform” rating and a $620.00 price objective on the stock. The Goldman Sachs Group decreased their price objective on shares of Meta Platforms from $555.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Finally, Wedbush reissued an “outperform” rating and set a $570.00 price objective on shares of Meta Platforms in a report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, thirty-four have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $538.95.
Read Our Latest Report on META
About Meta Platforms
Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.
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