Snap (NYSE:SNAP - Get Free Report) is set to issue its quarterly earnings data after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Snap has set its Q3 2024 guidance at EPS.Parties interested in registering for the company's conference call can do so using this link.
Snap (NYSE:SNAP - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.02. Snap had a negative return on equity of 42.84% and a negative net margin of 23.49%. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.25 billion. On average, analysts expect Snap to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Snap Trading Down 3.3 %
NYSE:SNAP traded down $0.35 on Tuesday, reaching $9.99. The company's stock had a trading volume of 28,918,984 shares, compared to its average volume of 26,889,688. Snap has a 12-month low of $8.29 and a 12-month high of $17.90. The stock has a 50 day moving average price of $9.86 and a 200 day moving average price of $12.72. The firm has a market cap of $16.57 billion, a price-to-earnings ratio of -14.35 and a beta of 1.01. The company has a quick ratio of 3.98, a current ratio of 3.98 and a debt-to-equity ratio of 1.74.
Insiders Place Their Bets
In other news, CAO Rebecca Morrow sold 8,923 shares of the business's stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $9.10, for a total transaction of $81,199.30. Following the transaction, the chief accounting officer now directly owns 472,405 shares in the company, valued at $4,298,885.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, General Counsel Michael J. O'sullivan sold 18,000 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $13.28, for a total value of $239,040.00. Following the completion of the transaction, the general counsel now owns 463,908 shares in the company, valued at $6,160,698.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Rebecca Morrow sold 8,923 shares of the business's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $9.10, for a total transaction of $81,199.30. Following the sale, the chief accounting officer now directly owns 472,405 shares in the company, valued at approximately $4,298,885.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,510,352 shares of company stock worth $13,446,353. 22.68% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on SNAP shares. Roth Mkm reissued a "neutral" rating and issued a $14.00 price target on shares of Snap in a research note on Wednesday, September 18th. Wolfe Research initiated coverage on shares of Snap in a research report on Tuesday, July 16th. They set a "peer perform" rating on the stock. Cantor Fitzgerald reissued a "neutral" rating and issued a $8.00 price objective on shares of Snap in a research note on Monday, October 7th. Bank of America cut their target price on shares of Snap from $16.00 to $13.00 and set a "neutral" rating on the stock in a research note on Friday, August 2nd. Finally, Stifel Nicolaus decreased their price target on shares of Snap from $13.00 to $11.00 and set a "hold" rating for the company in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, twenty-four have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Snap has a consensus rating of "Hold" and a consensus target price of $13.77.
Check Out Our Latest Analysis on Snap
About Snap
(
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Snap Inc operates as a technology company in North America, Europe, and internationally. The company offers Snapchat, a visual messaging application with various tabs, such as camera, visual messaging, snap map, stories, and spotlight that enable people to communicate visually through short videos and images.
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