Snap (SNAP) to Release Quarterly Earnings on Tuesday

Snap (NYSE:SNAP - Get Free Report) is anticipated to issue its quarterly earnings data after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.14 per share and revenue of $1.55 billion for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Snap (NYSE:SNAP - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.03. Snap had a negative return on equity of 35.60% and a negative net margin of 18.49%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the business posted ($0.21) EPS. The business's revenue was up 15.4% compared to the same quarter last year. On average, analysts expect Snap to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Snap Stock Up 3.1 %

SNAP stock traded up $0.33 during trading on Tuesday, reaching $11.18. 21,260,241 shares of the company traded hands, compared to its average volume of 29,343,146. Snap has a 12 month low of $8.29 and a 12 month high of $17.50. The company has a market capitalization of $18.76 billion, a price-to-earnings ratio of -19.28 and a beta of 0.98. The company has a debt-to-equity ratio of 1.63, a quick ratio of 4.04 and a current ratio of 4.04. The business has a 50 day simple moving average of $11.50 and a 200 day simple moving average of $11.02.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SNAP shares. Wells Fargo & Company raised their price objective on Snap from $14.00 to $15.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Stifel Nicolaus dropped their price target on Snap from $13.00 to $11.00 and set a "hold" rating on the stock in a research note on Monday, October 14th. Benchmark reaffirmed a "hold" rating on shares of Snap in a research report on Friday, October 25th. JMP Securities reissued a "market outperform" rating and set a $16.00 target price on shares of Snap in a research report on Monday. Finally, The Goldman Sachs Group upped their price target on shares of Snap from $12.00 to $13.50 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $36.99.

Insider Buying and Selling

In related news, Director Joanna Coles sold 6,434 shares of Snap stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $12.00, for a total value of $77,208.00. Following the completion of the transaction, the director now directly owns 54,761 shares in the company, valued at approximately $657,132. This trade represents a 10.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Robert C. Murphy sold 1,000,000 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $12.50, for a total value of $12,500,000.00. Following the completion of the sale, the chief technology officer now directly owns 57,210,989 shares in the company, valued at $715,137,362.50. This represents a 1.72 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,451,618 shares of company stock valued at $17,560,157. Corporate insiders own 22.68% of the company's stock.

About Snap

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.